deals, Sensors, wireless

ThingMagic Inks In-Q-Tel Deal

Robert Buderi 11/18/08

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.