SYDNEY, Australia -- Both Siemens AG and its semiconductor spinoff, Infineon Technologies AG, have invested a total of $3.5 million in new equity in Magellan Technology Pty Ltd., an Australian developer of advanced RF-based identification systems.
The investments were made through their respective strategic investment venture firms, Infineon Ventures and Siemens Venture Capital GmbH. Infineon will also have a seat on Magellan's board of directors.
Magellan said this will enable it to speed the development, especially in the European market, of its new HF-band RFID product line for high-speed postal, courier and airline applications.
Magellan (also known as MagTech) has developed advanced RFID products that read and write to multiple objects at the same time, such as postal parcels or airline baggage, on a high- speed conveyor, even when the objects are in random or hard-to-identify orientations.
Magellan's products -- chips, tags and readers with the BagTag brand name -- have until now been manufactured only by MagTech itself and by licensees in Japan. This new equity enables Magellan to expad into Europe, and with input from Siemens and Infineon, to address major world markets and customers.
The companu is currently develping products for the HF ISO band at 13.56 MHz. Low-frequency systems (working in the 132-kHz band) are available now and MagTech will conduct field trials of its new HF Postal System with its Japanese licensees Marubeni Corp. and Nippon Signal later this year.
Magtech and its products succesfully passed a major international airline baggage trial conducted between Asia and North America by the Federal Aviation Administration. Equipment was deployed in Singapore, San-Francisco and Vancouver.