Motorola, Inc. announced a strategic relationship between its RFID division of the Enterprise Mobility business and Intelleflex, the Intelligent RFID Platform Company, to deliver best-in-class Extended Capability RFID solutions.
The companies will undertake cooperative development activities, combining their respective technologies to create new product platforms to be offered by both companies, enabling each to deliver a powerful set of new RFID solutions to customers worldwide.
The technology of RFID (radio frequency identification) is widely used in auto electronic identification for end-users to capture data.
In addition, Motorola Ventures, the strategic venture capital arm of Motorola, invested in the Series C financing round in Intelleflex along with new investor Arcapita Ventures.
Motorola and Intelleflex have started joint development work that will result in the release of new extended capability RFID products by both companies in 2008.
As part of the strategic relationship, Motorola Ventures co-led the Intelleflex Series C investment round with Arcapita Ventures. Existing Intelleflex investors Morgenthaler Ventures, Woodside Fund, Alloy Ventures and Selby Venture Partners also participated.
Source: Xinhua
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