Monday, July 12, 2004

Impinj Raises $22 Million

Impinj Press Release.doc

SEATTLE, Wash., July 12, 2004 – Impinj, Inc., a fabless semiconductor company developing Radio Frequency Identification (RFID) solutions for the consumer packaged goods industry, today announced that Mobius Venture Capital, Unilever Technology Ventures and the UPS Strategic Enterprise Fund have joined the company’s previous investors ARCH Venture Partners, Madrona Venture Group and Polaris Venture Partners to provide $22 million in third-round funding. Impinj also announced that Aaron Cheatham, a Principal at Mobius Venture Capital, joined Impinj’s board of directors.

"This new injection of capital from valued advisers puts Impinj on the fast track to delivering the semiconductor-based solutions that our customers in the rapidly emerging, multi-billion-dollar RFID market are demanding," said William Colleran, President and CEO of Impinj. "We will continue to drive quickly toward volume production of our first-generation RFID products while developing new products that conform to the UHF Generation 2 standard."

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There will be more information from Impinj including a few conversations I am having with some of the people there in the next few days. There is little doubt in my mind that Impinj will be successful!

If you are interested in finding out more about the positions they have open, you should visit their website.

Impinj Press Release.doc

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