Tego, based in Waltham, Mass., was founded in 2005. The company closed its first round of investment funding, totaling $6 million, in the fall of 2007, with
Bainco International Investors, an asset-management and wealth-advisory firm located in Wellesley, Mass., as the lead investor (see
Tego Announces Initial Funding).
Tego is selling its tags directly to end users in credit-card, label and packaged metal-mount configurations suitable for rugged industrial and aviation use. In addition, the company also plans to sell them to technology and manufacturing partners for specialty applications.
The 32-kilobyte TegoTags are expected to be available this month, with pricing dependent on the volume ordered. Tego is not yet releasing any specific pricing details, Butler says, though he adds, "We expect to be competitively priced."
Invengo Technology Corp. recently announced that it is selling its XCTF-8030
UHF EPC Gen 2 inlay at 5.8 cents apiece for orders of at least 5 million. However, that inlay's total
memory is only 368 bits in size (see
Invengo Debuts in the U.S. Market With 5.8-Cent Inlay).
Tego currently has the production capabilities to produce thousands of tags, and expects to increase that level to millions by year's end.