Impinj Ships 25 Billionth RAIN RFID Endpoint IC Delivering Digital Life for Everyday Items
January 15 2018 - 6:00AM
Impinj, Inc. (NASDAQ:PI), a leading provider and
pioneer of RAIN RFID solutions, today announced it shipped its 25
billionth Monza endpoint IC, including 7.1 billion in 2017 alone.
Impinj has shipped more endpoint ICs than all other RAIN RFID
suppliers combined.
Impinj’s vision is to deliver digital life to everyday items
such as retail apparel, medical supplies, luggage, automobile parts
and more, extending the reach of the Internet by a factor of 1,000.
Impinj connects these everyday items using RAIN RFID, a
battery-free radio technology ideally suited to identifying,
locating and authenticating everyday items. Impinj’s Monza endpoint
ICs attach-to and uniquely identify their host items, connecting
those items to business and consumer applications – enabling
businesses to analyze and use data about those items to improve
efficiencies, increase sales and delight customers.
“We have reached a milestone in the worldwide adoption of Impinj
endpoint ICs, based significantly on retail deployments,” said
Chris Diorio, CEO at Impinj. “What we find exciting is how
businesses are looking for transformative business value from RAIN,
including deploying fixed readers to provide real-time visibility
about their items. These companies are integrating real-time RAIN
data into their existing software systems and business processes to
gain both agility in decision-making and efficiencies from
automated processes.”
“To be competitive in today’s environment, retailers must have
near real-time visibility into their inventory – and their
inventory data must be accurate,” said Brian Kilcourse, managing
partner at RSR Research. “Consumers expect to accurately ‘see’
available inventory to make the best purchase decisions. RAIN RFID
achieves that accuracy and visibility into inventory across the
retail enterprise.”
Impinj’s achievement reflects wide adoption across diverse
markets including retail, healthcare, logistics, airline and
manufacturing and is being announced in connection with NRF 2018:
Retail’s Big Show in New York City, NY. To learn more about Impinj
products please visit: https://www.impinj.com/platform/
About Impinj
Impinj (NASDAQ:PI) wirelessly connects billions of everyday
items such as apparel, medical supplies, and automobile parts to
consumer and business applications such as inventory management,
patient safety, and asset tracking. The Impinj platform uses RAIN
RFID to deliver timely information about these items to the digital
world, thereby enabling the Internet of Things.
Impinj and Monza are registered trademarks of Impinj, Inc. All
other trademarks are the property of their owners.
Operating Results
Impinj is currently preparing its financial statements for the
quarter and year ended December 31, 2017; consequently, its
financial results are not available as of the date of this release.
Other than 2017 endpoint IC shipment volumes, Impinj is not
updating or affirming its guidance and nothing in this release
should be construed as such. Impinj intends to disclose and discuss
its fourth quarter and full year results at its regularly scheduled
earnings call.
Forward-Looking Statements
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934 and the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements include statements regarding the market for RAIN RFID,
our strategy, prospects and our outlook regarding endpoint IC
volumes. Forward-looking statements are subject to known and
unknown risks and uncertainties and are based on potentially
inaccurate assumptions that could cause actual results to differ
materially from those expected or implied by the forward-looking
statements. Actual results may differ materially from the results
predicted, and reported results should not be considered as an
indication of future performance. The potential risks and
uncertainties that could cause actual results to differ from the
results predicted include, among others, those risks and
uncertainties included under the caption "Risk Factors" and
elsewhere in our annual report on Form 10-K and quarterly reports
on Form 10-Q filed with the U.S. Securities and Exchange
Commission. All information provided in this release and in the
attachments is as of the date hereof, and we undertake no duty to
update this information unless required by law.
Contact: Gaylene MeyerSr. Director
CommunicationsPhone: +1
206-812-9816gmeyer@impinj.comwww.impinj.com
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