ALEXANDRIA, VA.--(BUSINESS WIRE)--
Savi®, an innovator in supply chain visibility software and sensor technology, made the difficult decision to close the commercial software business and file for Chapter 11 bankruptcy protection while they restructure to focus on their Government contracts and customers.
Savi is the sole awardee for the active RFID (aRFID) V contract, which has a $42 million ceiling for Savi to equip the U.S. Department of Defense (DoD) and other government agencies with a comprehensive, cutting-edge array of hardware and software products and support services. Products include aRFID tags, readers, satellite communications (SATCOM) and portable deployment kits (PDKs).
Part of the Internet of Things (IoT), Savi’s aRFID infrastructure provides “always on” information on the location and condition of in-transit supplies and equipment to enable critical situational awareness for emergency response or military operations. These smart technologies and connected devices support mission readiness in even austere, hostile environments, enabling warfighters, first responders and military logisticians to efficiently manage and track personnel, equipment and sustainment cargo around the world.
“For more than 30 years, the DoD has trusted Savi to support its complex and critical logistics needs around the world and we are proud to continue this strong partnership,” said Rosemary Johnston, Savi’s CEO. “Our asset tracking technology and in-transit visibility services, along with our pioneering leadership in military RFID systems, will provide warfighters with the logistics tools they need to fulfill the mission today and tomorrow.” Savi’s Chairman, Sean McGuinness, added, “We expect to reorganize and emerge from bankruptcy as a stronger and leaner operation.”
We want to reassure our customers that Savi will continue to honor our commitments for exceptional service, products, and support as we restructure the business and focus on delivering intransit visibility and asset tracking capabilities to the warfighters.
An innovator in supply chain visibility and sensor technology, Savi provides real-time information about the location, condition and security of in-transit goods and assets, before, during and after transit, reducing costs and inventory while improving service. Savi’s technology continues to serve the world’s largest and most complex supply chain network –the U.S. Department of Defense (DoD) and government agencies. To learn more, visit www.savi.com.
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