Lockheed Martin's Savi Technology Shifts Headquarters to Alexandria, VA

ALEXANDRIA, Va., Aug. 11 /PRNewswire/ -- Lockheed Martin's (NYSE: LMT) Savi Technology today announced the relocation of its global headquarters to Alexandria, Va., in order to be closer to its expanding base of public sector and commercial customers.  

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Savi Technology provides real-time, solutions and services that leverage wireless sensor networks to improve the management, security and integrity of supply chain assets for customers in the public and commercial sectors, including defense, federal civilian government agencies, utilities and energy (oil, gas, chemical), natural resources and aerospace and defense suppliers.  

The Alexandria headquarters is located at the company's existing offices at 3601 Eisenhower Ave., and will be the primary office for Savi Technology's senior leaders and marketing staff.

Savi Technology's previous headquarters in Mountain View, Calif., will be transformed into the company's Innovation Lab, where more than 150 engineering and support personnel form a global hub to operate like a business incubator designing and developing customer-centric solutions that are leading-edge, cost-competitive and that provide quick and lasting return on investment for users.  Company support functions such as finance, human resources, general counsel and IT will remain in Mountain View.  

"With these changes, Savi Technology gains the best of both worlds – a leadership team based at the focal point of some of our major customers and an innovation campus based in the heart of Silicon Valley," said David Stephens, CEO of Savi Technology.   "This shift is part of an ongoing transformation at Savi Technology to invigorate innovation and to more efficiently accelerate the delivery of solutions to our customers."

In addition to Alexandria and Mountain View, Savi Technology also has offices in Lexington, Ky., the United Kingdom, Australia and Singapore, as well as solution implementations in more than 50 countries.  Sales and customer support personnel are located close to customers around the world.

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 markets worldwide.  Savi SmartChain® adaptive, enterprise-level software leverages low-power wireless sensor networks for real-time information that enhances balance sheets by optimizing the operational management, integrity, effectiveness, security, compliance, utilization and profitable return of assets in-transit, in-storage or in-process.  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.

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SOURCE Savi Technology - Lockheed Martin