News & Events
Neology Appoints New V.P. of
Neology, a leader in secure high-value Radio Frequency Identification (RFID) solutions, today announced
“Mark is a welcome addition to the team,” said Joe Mullis, General Manager. “He exemplifies the caliber of executives that Neology is able to attract. And under his leadership, we’ll continue to expand our presence, our market share, and our influence on the industry.”
Mark McFarlin said that "With the release of WatchPro we will continue to deliver record-breaking performance in RFID technology and extend our leadership in AVI solutions.”
Prior to joining Neology, McFarlin occupied managerial positions at companies including Unisys Corporation, a worldwide information technology company, Orion Scientific Systems, Inc., a multidisciplinary research, analysis, consulting and software development firm, and served as a Paramilitary Operations Officer for the Central Intelligence Agency. In these positions, McFarlin demonstrated his strengths in formulating solutions and project execution.
SMARTRAC to become majority owner of Neology Inc.
Amsterdam and San Diego, California, December 8, 2011
SMARTRAC N.V., a leading developer, manufacturer, and supplier of RFID transponders, announced that the company today signed an agreement regarding the acquisition of Neology, Inc.. Under the terms of the agreement, SMARTRAC will acquire Neology for US $ 30.0 million, on a cash and debt free basis. In addition, the parties have agreed on an earn-out component of up to US $ 9.0 million based on results of operations for the years 2011 and 2012. Tenedora de Empresas S.A. de C.V. (Tenedora), the current majority shareholder in Neology, Inc., will retain a 15 percent stake in Neology and has agreed to re-invest any earn-out payments it may receive into the combined company. The acquisition is subject to customary closing conditions and is expected to close by the end of the year.
Neology, Inc., a Delaware Corporation, is a leader in secure customized high-value RFID transponders and solutions. The company is headquartered in San Diego, California, with offices in Mexico City and employs more than 150 people.
With the acquisition of Neology, SMARTRAC expects to benefit from the access to the attractive and growing electronic vehicle registration and electronic toll collection market in the Americas. The long-term expertise of Neology in the ultra-high frequency (UHF) RFID business and the comprehensive intellectual property (IP) are anticipated to contribute to strengthening SMARTRAC’s technology base.
“With this transaction, we will significantly expand our reach in the Americas,” said Dr. Christian Fischer, CEO of SMARTRAC. “Combining our strong capabilities with the most successful technology platform for electronic vehicle registration and electronic toll collection will create a wealth of market-leading solutions for Neology and SMARTRAC customers.”
SMARTRAC maintains production facilities in Chanhassen, Minnesota, USA, and Manaus, Brazil. Both SMARTRAC and Neology will benefit from synergies across product portfolios and markets. Under the new ownership, Neology and the totality of its 150 employees will continue its business activities in San Diego and Mexico City. SMARTRAC said that Neology’s product roadmap, intellectual property strategy and research & development organization will remain intact, with the opportunity to create additional value for customers of both organizations by the use of rosscollaboration.
“The transaction opens excellent new possibilities for both companies. Combining our strong intellectual property and UHF competency with SMARTRAC’s market leading position in the RFID industry will drive a new wave of innovation for customers around the world,” said Francisco Martínez De Velasco, CEO of Neology Inc.
About Neology:
As an early player in UHF technology and a holder of some of the most important Intellectual Property in the industry, Neology is the leading provider of integrated solutions for the tolling, electronic vehicle registration (EVR) and public safety markets. Neology is the exclusive provider for the Mexico Repuve program, an ambitious program to tag every vehicle in Mexico with an RFID tag to enhance security and combat fraud. For more information visit www.neology-rfid.com
About SMARTRAC:
SMARTRAC is a leading developer, manufacturer, and supplier of RFID components for a broad range of applications in all current frequency standards. The company produces both readymade and customized transponders for public transport, access control, RFID-based car immobilizers, animal identification, libraries, industry, and logistics.
SMARTRAC is the global market leader in high-quality RFID inlays for electronic passports (epassports) and contactless credit cards (e-payment) as well as for RFID transponders for public transportation applications. SMARTRAC was founded in 2000, went public in July 2006, and trades as a stock corporation under Dutch law with its registered headquarters in Amsterdam. The company currently employs some 3,300 employees and maintains a global research and development, production, and sales network. For more information visit www.smartrac-group.com
If you have any questions, please contact:
Tanja Moehler
Head of Corporate Communications
SMARTRAC N.V.
Phone: +31 20 30 50 157
Email:
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Internet: www.smartrac-group.com
Neology Files for Preliminary Injuction in Lawsuit against Federal Signal and Sirit
Neology has filed a motion for preliminary injunction against Federal Signal, Federal Signal Technologies, Sirit and related companies to immediately stop directly or indirectly making, using, selling or offering for sale, importing or exporting, all infringing RFID tags, readers, and systems or sub-systems.
Neology’s request for preliminary injunction follows the lawsuit filed on July 29, 2011, in the United States Federal District Court of Delaware. Neology is requesting that the district court quickly intervene to stop Federal Signal’s continued infringement of Neology’s patents.
As a technology leader, Neology’s strength in intellectual property and focus on security, increased performance, and innovative products has positioned the company as the best source for passive RFID products and EVR systems in
Neology Awarded Large Mexico State Contract
State Award First of Its Kind
San Diego, CA, August 5, 2011
Neology, a leader in secure high-value Radio Frequency Identification (RFID) solutions today announced that it has been awarded a substantial contract for the deployment and operation of a turn-key solution that involves the registration and regulatory compliance for over one million vehicles in Mexico. The contract with a key Mexico state is related to the national EVR program known as Repuve and other regulatory requirements, which will greatly enhance vehicle related security.
“Neology is pleased to have been chosen by the state agency to help the state comply with the new EVR requirements stemming from the landmark Repuve program” said Eric Redman, VP Sales & Marketing of Neology. The company had previously been selected as the exclusive tag supplier for Repuve, and this multimillion dollar award “clearly indicates our superior software and solution capability in addition to our best-in-class tag product” concluded Redman.
Neology Announces Innovative Selectable Transponder
San Diego, CA, July 28, 2011
New Generation Transponder Offers Unique Benefits
Neology, leader in customized high value Radio Frequency Identification (RFID) solutions today announced that a new generation of selectable transponders for tolling is now available. This patent-pending transponder enables multi-mode operation as well as multi-protocol in a single compact unit with minimal moving parts. No battery is required nor supplied, eliminating any maintenance concerns.
“This revolutionary product is useful in a wide variety of tolling and AVI applications” said Joe Mullis, General Manger of Neology. “From self-declaration of carpool status for HOT lane use to user-selectable tag protocols, this product can accommodate multiple usage modes. As no battery is required, the product is designed for a 10-year life cycle in the field” concluded Mullis. Also noteworthy is the pleasing design and ergonomic features that increase customer acceptance and enhance agency branding.
Neology’s focus in secure products with increased performance and innovation has positioned the company as the largest and best source for passive RFID products and EVR systems in North America. For more information, visit www.neology-rfid.com.
Neology Sues Federal Signal and Sirit Over Patent Infringement
San Diego, CA, July 29, 2011
Suit Claims Infringement on Six Key Neology Patents
Neology, a pioneer of passive RFID technology today announced it has filed a lawsuit in U.S. District Court against Federal Signal and Sirit, a unit of Federal Signal Technologies Group, for patent infringement of multiple claims in six Neology patents.
The lawsuit demands that Federal Signal and related companies immediately and permanently stop directly or indirectly making, using, selling or offering for sale, importing or exporting, all infringing RFID tags, readers, and systems or sub-systems. In addition, the suit demands that Neology be fully compensated for all damages attributable to past infringement.
As a technology leader, Neology’s strength in intellectual property and focus on security, increased performance, and innovative products has positioned the company as the largest and best source for passive RFID products and EVR systems in North America. For more information, visit www.neology-rfid.com.
Neology Supplies Secure Tag for Utah Drivers
Clean Fuel Vehicles Identified by New, Non-transferable Decal
San Diego, CA, July 6, 2011
Neology, a leader in customized high value Radio Frequency Identification (RFID) solutions and related innovative technology today announced that a new generation RFID window sticker is available to identify clean fuel vehicles using Utah express lanes. The new decal contains a number of security features both visual and electronic to positively indentify approved clean fuel vehicles. “We are pleased to work together with UDOT to provide this innovative tag” said Eric Redman, Vice President of Sales & Marketing for Neology. “This product marks the first use of non-transferable technology in a tolling tag using ISO 18000-6C technology in the U.S.” In addition, the tag contains a unique holographic antenna and other sophisticated elements which have never previously been used in a tolling or HOT lane application.
Neology Wins Multimillion Dollar Contract Extension
San Diego, CA, June 27, 2011
Neology, a leader in secure customized high-value Radio Frequency Identification (RFID) solutions today announced it has been awarded an extension to the largest Electronic Vehicle Registration (EVR) contract to date. The Repuve contract, expected to total over $40 million, had been previously awarded to Neology in late 2008. Due to the overwhelming success of the program the contract has now been extended for an additional year. This project for national vehicle registration in Mexico is the largest of its kind in the world and highlights the growing trend toward EVR for security, compliance, and transportation efficiency. “This significant contract award highlights the depth and experience Neology brings in the EVR market” said Francisco Martinez, President and CEO of Neology. “With this extension, Neology furthers its leadership in the EVR space and this award continues to validate our solution as the best on the market. We look forward to additional deliveries of our best-in-class product and solutions portfolio to the Mexican government.”
About Neology
As an early player in UHF technology and a holder of some of the most important Intellectual Property in the industry, Neology is the leading provider of integrated solutions for the tolling, electronic vehicle registration (EVR) and public safety markets. Neology is the exclusive provider for the Mexico Repuve program, an ambitious program to tag every vehicle in Mexico with an RFID tag to enhance security and combat fraud.
For more information visit www.neology-rfid.com.
Neology and the Neology logo are trademarks Neology, Inc. Copyright 2011 Neology, Inc. All rights reserved.
Press Release and Media Contact:
Mark McFarlin, Vice President, Sales & Marketing
Phone: 858-391-0260 x126
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Secure Vehicle Reg. Sticker
Neology was the first in the world to develop a highly secure holographic printed label for vehicle use. Using advanced materials and manufacturing methods, Neology products offer high performance and security. Government agencies rely on our unique patented technology to increase compliance and combat fraud.
