With effect from July 1, 2005, Infineon Technologies has transferred its activities in the area of RFID (radio frequency identification) software solutions as part of a management buy out to RF-iT Solutions GmbH, which has its registered office in Graz, Austria.

This means that patents, trademarks, licenses, development hardware and software, as well as current customer projects and RFID demonstration applications have been transferred to RF-iT Solutions. The parties have agreed not to disclose the purchase price. Infineon focuses its RFID activities on the further development, production, and marketing of RFID chips and inlays.

The managing directors of RF-iT Solutions are Dominik Berger and Alexander Gauby, who were responsible for marketing and technology in the RFID solution business at Infineon. Matthias Weitlaner, who is the head of product development, is a fellow shareholder. RF-iT Solutions GmbH, which has around 20 employees, is based in Graz, Austria. The 40 employees who were previously involved in RFID chip activities at Infineon’s development center will remain with Infineon.