Savi and Partners Launch RFID Solution for Oil and Gas Industry; Wireless System Automatically Tracks and Manages Supplies

MOUNTAIN VIEW, Calif. – Nov. 5, 2009 – Savi, a Lockheed Martin [NYSE: LMT] company, has formed an oil and gas strategic alliance with Shipcom Wireless and KBR Wireless, who are offering a complete software solution that links with Radio Frequency Identification (RFID) technology to instantly track and manage supplies transported between onshore and offshore oil and gas facilities worldwide.

By automating visibility, asset and shipment management in upstream operations, this newly tailored solution can cut costs and improve performance, efficiency, security and regulatory compliance. The fully integrated solution can help the oil and gas industry minimize rig downtime, enhance asset utilization, reduce manual processing, and lessen data errors, write-offs, shrinkage and theft. Although new to the oil and gas industry, this type of solution already has proven successful in the chemical <http://lockheed.pr-optout.com/Url.aspx?14025x1975455x188559> , aerospace <http://lockheed.pr-optout.com/Url.aspx?14025x1975454x175507> , defense <http://lockheed.pr-optout.com/Url.aspx?14025x1975452x149403> and other industries <http://lockheed.pr-optout.com/Url.aspx?14025x1975450x123299> .

The Savi SmartChain® Enterprise Platform and Asset Management application underpin the alliance’s combined solution, which leverages real-time data from Savi’s active RFID tags and KBR’s passive RFID tags, which can be affixed to all kinds of oil and gas assets. As a result, supplies and equipment will be automatically located and managed as they are moved from onshore operations facilities, through port transfer facilities, and finally to offshore rigs. Typical supplies include vital consumable goods and equipment such as risers, choke valves, wire rope, stud tensioners, slings and wellheads, in addition to various containment and transport units that store and deliver material to the oil platforms.

“Already making a difference in other industries, the Savi SmartChain® suite now can go to work with our partners to improve operational performance in the global oil and gas sector,” said David Stephens, chief executive officer of Savi Technology. “This is a powerhouse partnership with a rare combination of expertise in advanced wireless technology solutions and deep domain knowledge in solving the complex operational problems of the oil and gas industry.”