SEOUL, South Korea & SUNNYVALE, Calif. -- Savi Technology, a leading provider of RFID supply chain solutions, and LG CNS, South Korea's largest IT service provider with operations worldwide, have formed a strategic alliance to help bring Savi's RFID-enabled software solutions to LG CNS's extensive customer base throughout this Asia-Pacific region. (In a related press release, the strategic partners also announced a joint technology project to improve cargo container security and efficiency with funding from the South Korean Government).
Under the Savi-LG CNS partnership agreement, the companies will work together to co-market, integrate and implement Savi's software and inter-linked Radio Frequency Identification solutions to the regional supply chain community, primarily to international shippers and their service providers. The agreement calls for Savi to continue to train and certify LG CNS employees on Savi sales, solutions, and implementation practices while LG CNS will provide industry expertise, project management, and systems integration services to joint customers.
The partners have been working together for about one year since signing a Memorandum of Understanding, defining and pursuing shared goals of market development, regulatory affairs, undergoing Savi training courses, and working toward the formal partnership agreement announced.
Savi Technology provides asset management and security solutions leveraging the Savi SmartChain(TM) Enterprise Platform and software applications, which are linked with RFID-enabled sensor seals and tags on transport conveyances to improve the efficiency, security and integrity of global shipments. Savi's networked RFID solutions, based on the international ISO 18000-7 standard operating at the 433.92 MHz frequency, have tracked more than one million shipments the past decade through more than 1,600 locations and 45 countries.
"Savi Technology has earned a global reputation for providing and extending leading-edge supply chain solutions for both government and commercial operations," said Dr. Soo-Kyoung Lim, VP of Information Technology Research Division, of LG CNS. "We're excited about reaching this milestone in a partnership that will bring new levels of security and efficiency to vital supply chains in this region, which can link with trading partners in supply chains internationally. At the same time, we are also doing our best for close cooperation with local enterprises in order to enhance country competitiveness in global and in-land logistics industry."
LG CNS, founded in 1987 and headquartered in Seoul, has implemented a number of large-scale public IT infrastructure projects, and played a major role in the Korean government's e-Korea initiative. More than 5,000 businesses and governments worldwide utilize its expertise on a wide range of projects in a diversity of industry groups, including the Public Sector, Financial Services, Manufacturing & Utilities, Transportation & Logistics, and Healthcare markets, among others.
"LG CNS is known throughout the world as a visionary company with deep expertise in both logistics and information technology; we're delighted to be partnering with them in this important region," said Nick Cova, Savi's director of Collaborative Network Services. "The combination of our products with LG CNS's expertise in systems integration and knowledge of this region's market will constitute a powerful one-stop-shop for customers seeking the economic benefits provided by our joint solutions."