Savi Technology Names William Maggs as New Chief Technology Officer to Further Catalyze Wireless Supply Chain Solutions

Maggs Brings to Savi a Deep History of Technology Expertise from Palm, Sony Ericsson and Motorola.

ALEXANDRIA, Va. -- Savi Technology, a Lockheed Martin (NYSE: LMT) company and leading provider of low-power wireless solutions to manage supply chains and smart assets, today announced that William Maggs will join the leadership team in the newly created position of Chief Technology Officer (CTO). Maggs, who also becomes Savi Technology's Senior Vice President (SVP)-Technology Operations, formerly was CTO at Palm, Inc., and worked at mobile handset companies Motorola and Sony Ericsson in Advanced Technology and ecosystem development roles.

In his role as CTO and SVP at Savi Technology, Maggs will be the chief catalyst for innovation as well as the focal point for all technology operations throughout the global company, including the design, development and delivery of wireless products and complete software solutions in public sector and commercial markets. Maggs also oversees the Savi Technology Innovation Lab and operations involving product manufacturing, supply chain management and supplier relationships.

"With his technical and executive experience at some of the world's most cutting-edge technology companies, Bill is uniquely qualified to advance Savi Technology's wireless solutions for supply chains and beyond," said David Stephens, Savi Technology's Chief Executive Officer. "At a time when Savi Technology is expanding into new markets and applications, Bill brings a rare combination of market vision and technical expertise in hardware, software and broad customer experience."

"As the proven leader in wireless tracking solutions, Savi Technology is at a tipping point for more broad adoption across markets and applications – I want to be a big part of that," said Maggs. "Savi Technology's SmartChain® suite, tied to low-power wireless sensor networks, has enormous potential for transforming the productivity of supply chains, mobile assets and other applications to monitor environmental conditions."

Prior to joining Savi Technology, Maggs headed Developer and Partner programs at Sony Ericsson in Redwood City, CA, in charge of a North America-based team of engineers, product managers and business developers that built services, tools and programs around the company's Android-based portfolio.

He previously served as Chief Technology Officer at Palm, Inc. during its high-growth period, including an IPO and large increase in product lines, staff and mission. At Palm, he oversaw advanced Research and Development in system software, chips, display and other hardware and software. He was also a Director of Technology at Motorola, working in the company's mobile device business; Chief Network Officer at Inktomi; and, Distinguished Technical Staff, at MCI Internet Engineering.

As a wholly owned subsidiary of Lockheed Martin (NYSE: LMT), Savi Technology is a leading provider of a new class of Smart Asset Management solutions and services for public sector and commercial supply chains worldwide. Savi SmartChain® enterprise-level software leverages low-power wireless sensor networks for real-time information to enhance balance sheets by optimizing the operational management, effectiveness, security, and profitable return of assets either in-transit or at rest. SmartChain turns data from all types of Automatic Identification and Data Capture technologies, including DASH7 Radio Frequency Identification, into actionable information that is valued from the physical edge of operations to the board room. For more information, visit www.savi.com.

Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 136,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2009 sales of $44.5 billion.