ThingMagic Inks In-Q-Tel Deal

11/18/08Follow @bbuderi

ThingMagic, the Cambridge, MA-based maker of radio frequency identification (RFID) systems, announced today that it has signed a strategic investment and technology development deal with In-Q-Tel, a venture firm founded by the CIA. Under the agreement, terms of which were not disclosed, ThingMagic will expand its development efforts “to facilitate the integration of RFID and sensors into a wider range of applications” with both commercial and security purposes, according to the announcement.

Bob is Xconomy's founder and editor in chief. You can e-mail him at bbuderi@xconomy.com, call him at 617.500.5926. Follow @bbuderi

By posting a comment, you agree to our terms and conditions.