Savi Technology Appoints Jack Acosta to Its Board of Directors; Acosta Also Elected to Chair Savi's Audit Committee

Business Wire, May 18, 2005

SUNNYVALE, Calif. -- Savi Technology, Inc., a leading provider of active RFID solutions for supply chain management and security, announced today the appointment of Jack L. Acosta to its Board of Directors. Acosta, who was also elected Chairman of the Board's Audit Committee, has more than 25 years of executive-level financial and operational experience in the technology industry.

"Jack's knowledge and experience in the technology industry, combined with his long-time leadership in overseeing financial operations, will help Savi to maintain proper controls, discipline and accountability across our business functions," said Vic Verma, Savi's President and Chief Executive Officer.

"I look forward to participating on the Board of Savi Technology, which is involved in the exciting industry of developing RFID and related software solutions for the global supply chain market," said Acosta. "My objective is to help Savi provide value for its customers in a cost-effective manner as well as help the company meet its business objectives."

About Jack Acosta

In addition to his Board position at Savi Technology, Acosta currently is on the Board of Directors at three other companies: Sumtotal Systems Inc., a public company providing learning and business performance technologies and services, Integral Development, a privately held financial services software company, and BenefitStreet, Inc., a private software company that manages benefits programs. He also previously served on the Boards of Commerce One, Tanon Manufacturing, Inc., and Ungermann-Bass, Inc.

Acosta previously served as Vice President and Chief Financial Officer (CFO) at Portal Software; Executive Vice President and CFO at Sybase, Inc.; President and Chief Operating Officer at Tanon Manufacturing; and, CFO and Executive Vice President-Corporation Operations, at Ungermann-Bass. Earlier in his career, Acosta worked in financial, operational and production management positions at Atari, Inc., Diablo Systems, Inc. and Ford Motor Corporation.

About Savi Technology

With over 15 years experience, Savi is a leading provider of active RFID solutions for the management and security of supply chain assets, shipments and consignments. Savi's integrated RFID hardware and software solutions drive business value, such as reducing supply chain assets, inventory and operational costs. The company tailors its solutions to the defense, commercial supply chain asset management and global supply chain visibility and security markets. Savi's solutions are designed to meet the supply chain needs of defense and government organizations, global shippers, manufacturers, retailers, and suppliers as well as service providers such as terminal operators and asset owners. Founded in 1989, Savi Technology is privately held, with headquarters in Sunnyvale, Calif., and offices in Washington D.C., London, Singapore, Johannesburg, and Melbourne. For more information, visit www.savi.com.