Savi Technology's Department of Defense RFID II contract ceiling increased to $424.5 million; Procurement contract for RFID Products and Services Extended Two Years.

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M2 PRESSWIRE-14 February 2006-Savi Technology: Savi Technology's Department of Defense RFID II contract ceiling increased to $424.5 million; Procurement contract for RFID Products and Services Extended Two Years(C)1994-2006 M2 COMMUNICATIONS LTD RDATE:13022006 The U.S. Department of Defense (DoD) has increased its RFID II contract value with Savi Technology from $207.9 million to $424.5 million and extended the ordering period for the company's active Radio Frequency Identification (RFID) products and services by another two years -- through January 31, 2008.

The contract amendments were made by the U.S. Army's Information Technology, E-Commerce and Commercial Contracting Center (ITEC4), and the executive agent for the DoD is the office of the Product...