ALEXANXDRIA, Va., Oct. 14 /PRNewswire/ -- Savi Technology, a Lockheed Martin (NYSE: LMT) company and leader in wireless solutions that manage smart assets, was recognized recently for its significant contributions in logistics and industry service by the National Defense Transportation Association (NDTA), which has more than 9,000 members.
At its 64th annual forum and expo, NDTA recognized Savi and 29 other companies with Corporate Distinguished Service Awards for their "significant contributions in the areas of logistics, transportation and Association leadership." In 2003, Savi also became the first technology company bestowed with NDTA's "National Transportation Award."
"Our core mission is to advance the knowledge of global logistics and transportation, and facilitate knowledge-sharing between government and industry," said NDTA President Kenneth R. Wykle, LTG USA (Ret.). "Our Corporate Members, such as Savi Technology, have provided invaluable assistance to us in fulfilling this educational mission to foster a strong and efficient global logistics and transportation system in support of National Security."
"We're deeply honored that Savi Technology has been recognized for our industry service and leadership by the pre-eminent organization bringing together the public and private sectors around national transportation security," said David Stephens, Chief Executive Officer, Savi Technology. "Active participation in the National Defense Transportation Association only propels us and other members to keep raising the bar with innovations that enhance the efficiency and security of our national supply and transportation networks."
In addition to Savi Technology, other recipients of the 2010 NDTA Corporate Distinguished Service Award include Avis, Boeing, Delta Air Lines, DHL Global Forwarding, FedEx, IBM, Lockheed Martin, Maersk Line, Southwest Airlines, and UPS.
NDTA is a non-profit, non-political educational association committed to fostering partnerships between government, military and industry, and maintaining a strong and efficient global transportation, travel and distribution system in support of national security. There are over 9,000 members in the Association, composed of both individual and corporate members. There are over 60 chapters in the United States and overseas in Europe, Asia and the Pacific. The national headquarters office is located in Alexandria, Va.
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.
SOURCE Savi Technology - Lockheed Martin