About Impinj (adapted from Impinj prospectus):
Impinj is a provider of UHF RFID solutions for identifying, locating and authenticating items. The Impinj technology platform, known as GrandPrix, is the most widely adopted in the industry. RFID systems built on GrandPrix deliver real-time information about tagged items, thereby enabling applications and analytics designed to improve business decisions and enhance consumer experience. Leading retail, apparel, pharmaceutical, food and beverage, technology and logistics companies as well as government agencies rely on Impinj's GrandPrix platform. Impinj has 90 issued and allowed U.S. patents and 77 pending U.S. patent applications as of April 15, 2011. They have sold over two billion Monza tag ICs since its introduction in 2005, including 940 million in 2010 alone.
Impinj focuses exclusively on ultra-high frequency, or UHF, radio-frequency identification, or RFID, solutions. UHF RFID enables writing individualized information to and reading information from tagged items without line of sight and at longer range, higher speed, lower cost and with more automation than competing technologies. They embrace the global industry standard for UHF RFID, called UHF Gen2. UHF Gen2 is the fastest growing segment of the RFID market. VDC Research Group, or VDC, projects the number of UHF Gen2 tag ICs shipped will grow from 1.5 billion in 2010 to 40.0 billion in 2015, a compound annual growth rate, or CAGR, of 93.2%.
From 2009 to 2010 unit sales of Impinj's Monza UHF Gen2 tag ICs increased by 279%. For 2009, 2010 and the three months ended March 31, 2011, Impinj's revenue was $20.8 million, $31.8 million and $12.3 million, respectively, and their net losses from continuing operations were $9.9 million, $11.4 million and $1.8 million, respectively.
Impinj believes that apparel retailers are adopting UHF Gen2 systems because of demonstrable benefits and efficiencies. For example, UHF Gen2 systems can identify every tagged garment in a stack in a fraction of a second, enabling daily store-floor inventorying, even while customers remain in the store. Item-level, real-time inventory visibility allows retailers to reduce out-of-stocks and overstocks, carry less inventory, better meet consumers' needs and make better business decisions. University of Arkansas studies demonstrate that RFID item tagging significantly improves store-floor inventory accuracy.
Impinj believes demand for UHF Gen2 systems will grow both by further penetration into existing applications such as apparel tagging and by expansion into myriad other high-volume tagging applications. This description is adapted from Impinj prospectus. This description is not intended to be a recommendation to buy stock from this company. We do not claim that all of the statements above were researched and found to be true. We present them as a general description based on what the company has said about itself at the time that they submitted their prospectus for an IPO offering. To see the company's full description, view their prospectus..