2006-11-16
This round of financing is part of the company’s long term growth plan and allows it to further expand the European and North American markets, as well as launch additional products and solutions for the long range wireless tracking and tracing markets.
“We are pleased to have the continued support from the financial community to support our rapid growth, and our goals for continued market expansion", stated Gerhard Schedler, President & CEO, “IDENTEC SOLUTIONS continues to be on the forefront of active RFID and high value wireless tracking and tracing, and this round of financing allows to significantly expand our solution set. This will result in revenue diversification as well as increased penetration in our existing customer base."
Gina Domanig, who led the transaction for SAM Private Equity, said: “We were thrilled by the advanced technological position of IDENTEC SOLUTIONS and the opportunities the company faces in this immensely large and growing market. We believe that RFID technology is causing a paradigm shift in asset management across all industries which will lead to asset optimization and reduced transportation costs and a reduction in vehicle emissions."
About IDENTEC SOLUTIONS
Headquartered in Lustenau, Austria, with offices in the United States and Canada, IDENTEC SOLUTIONS specializes in long range wireless tracking and tracing solutions, which help simplify manufacturing and logistics processes and bring more transparency to the supply chain. IDENTEC SOLUTIONS' Intelligent Long Range (ILR) active RFID System can identify, locate and track assets at a distance of up to 100 meters (300 feet) to deliver superior real-time visibility in dynamic, demanding environments. ILR is used to streamline business operations in a variety of areas including Work-in-Progress (WIP), manufacturing, vehicle tracking and container management, delivering substantial value to our customers. Over the past seven years, IDENTEC SOLUTIONS has provided asset management solutions and support for a variety of organizations including an impressive roster of Fortune 500 clients such as Volkswagen, Deutsche Post and General Electric.
About SAM Private Equity
SAM Private Equity is a leading international venture capital firm focusing on emerging technologies in the energy, materials and water sectors. Founded in 2000, SAM Private Equity is a pioneer in the development of this fast growing “Cleantech" investment sector. With assets under management of around EUR 200 million, 33 portfolio companies and offices in Zurich and Montreal, SAM Private Equity today is one of the internationally leading venture capital investors in this sector.
SAM Private Equity manages three venture capital funds and two venture capital mandates of large North American institutional investors. SAM Private Equity’s investors include CDP (Caisse de dépôt et placement du Québec), Colruyt Group, The Dow Chemical Company, SwissRe, Axpo, EDF (Electricité de France), Fonds de solidarité FTQ, VicSuper Pty Ltd., Norsk Hydro, Ontario Power Generation, Hydro Quebec, Suncor and Mitsui. SAM Private Equity is part of SAM Sustainable Asset Management, headquartered in Zurich, Switzerland.
For more information about SAM Private Equity, contact:
Gina Domanig
Head of SAM Private Equity
Seefeldstrasse 215
8008 Zurich
Switzerland
Tel.: +41 44 397 10 70
E-mail: gina.domanig@sam-group.com
www.sam-group.com
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IDENTEC SOLUTIONS
