German chip maker Infineon Technologies has decided to stop developing RFID (radio frequency identification) software and transfer these activities to another company.
As part of a management buyout announced Tuesday, Munich-based Infineon will transfer all of its RFID software activities, including patents, trademarks and licenses, to RF-iT Solutions GmbH. The companies agreed not to disclose the purchase price.
Moving forward, Infineon will develop, produce and market RFID chips and inlays, which comprise chips, antennas and the connections in between.
Newly established RF-iT will take over and continue to develop the You-R OPEN software, developed by Infineon. The software is designed to connect companies' existing logistics IT systems to new RFID-supported logistics systems and to the entire RFID infrastructure of readers, PCs and IT networks.
At its headquarters in Austria, RF-iT will operate an RFID Solution Excellence Center, which will demonstrate various RFID applications, and house a verification lab and customer training department.