BALTIMORE, MD (September 28, 2004) Texas Instruments Incorporated (TI) (NYSE: TXN), a worldwide leader in RFID technology, and BearingPoint, Inc. (NYSE: BE), one of the world`s largest business consulting and systems integration firms, today announced an alliance agreement to market products and services to customers in the manufacturing, retail, life sciences, financial services and government sectors. This agreement signals BearingPoint`s and Texas Instruments` commitment to support the continued adoption of RFID to their current and future customers.
"By teaming with Texas Instruments, BearingPoint can play a key role in the continued market adoption of RFID," said John Cummings, managing director, Global RFID Solutions practice at BearingPoint. "Combining Texas Instruments` capabilities in RFID technology and BearingPoint`s strategy and systems integration experience can help companies expedite the implementation of RFID. We`ve chosen TI as the primary supplier of Electronic Product Code(TM) (EPC) Generation 2 tags for customer applications requiring this technology."
This relationship will leverage both firms` strengths for enhanced go-to-market and delivery capability. BearingPoint will provide services in consulting, systems integration, assessment, proof-of-concept, test management and program management. Texas Instruments will provide its suite of RFID products as well as competencies in semiconductors, microelectronics engineering and RFID equipment manufacturing experience. Both companies will focus on enhancing market adoption with EPC-related RFID initiatives.
"Our alliance with BearingPoint combined with our global expertise in developing standards-based RFID technology for a diverse range of applications will help companies reap the business rewards of their RFID implementations," said Julie England, vice president of Texas Instruments and general manager of Texas Instruments RFid Systems.
About Texas Instruments
Texas Instruments is the world`s largest integrated manufacturer of radio frequency identification (RFID) transponders and reader systems. Capitalizing on its competencies in high-volume semiconductor manufacturing and microelectronics packaging, TI is a visionary leader and at the forefront of establishing new markets and international standards for RFID applications. For more information, contact TI-RFid Systems at 1-888-937-6536 (North America) or +1 972-575-4364 (International), or visit the Web site at www.ti-rfid.com. Texas Instruments Incorporated provides innovative DSP and analog technologies to meet our customers` real world signal processing requirements. In addition to Semiconductor, the company`s businesses include Sensors & Controls, and Educational & Productivity Solutions. TI is headquartered in Dallas, Texas and has manufacturing, design or sales operations in more than 25 countries. Texas Instruments is traded on the New York Stock Exchange under the symbol TXN. More information is located on the World Wide Web at www.ti.com.
About BearingPoint, Inc.
BearingPoint, Inc. (NYSE:BE) is one of the world`s largest business consulting, systems integration and managed services firms serving Global 2000 companies, medium-sized businesses, government agencies and other organizations. We provide business and technology strategy, systems design, architecture, applications implementation, network infrastructure, systems integration and managed services. Our service offerings are designed to help our clients generate revenue, reduce costs and access the information necessary to operate their business on a timely basis. Based in McLean, Va., BearingPoint has been named by Fortune as one of America`s Most Admired Companies in the computer and data services sector. For more information, visit the Company`s website at www.BearingPoint.com.
This press release may contain forward-looking statements, the accuracy of which is necessarily subject to risks, uncertainties and assumptions as to future events that may not prove to be accurate. Factors that could cause actual results to differ materially from those expressed or implied include general economic conditions and the factors discussed in our most recent Form 10-Q. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Texas Instruments RFid Systems