Savi Delivers SmartChain(R) to Europe and Mideast to Wirelessly Track Supplies and Improve Safety in the Oil and Gas Industry

By Savi Technology - Lockheed Martin, PRNE
Tuesday, April 13, 2010

LONDON, April 14, 2010 - Savi, a Lockheed Martin (NYSE: LMT) company and leading provider of
wireless supply chain and asset management solutions, today announced that
its SmartChain(R) solution can now be leveraged by the Oil and Gas industry
to improve supply chain and work-related activities, reduce downtime, and
provide a consolidated view of real-time data to make better decisions. A
prime focus of the solution will be offshore operations in harsh or remote
environments such as the North Sea, U.S. Gulf Coast and onshore in the Middle
East
.

    (Photo: www.newscom.com/cgi-bin/prnh/20100414/SF85274)
    (Logo: www.newscom.com/cgi-bin/prnh/20080123/AQW081LOGO)

The SmartChain release automates information on the status and integrity
of assets and products as well as the safety of personnel throughout the Oil
and Gas value chain, including in exploration and production, refining and
distribution operations.

SmartChain is enterprise-level software that optimizes operational
readiness, improves asset utilization and minimizes unplanned events by
providing information on the location and status of assets such as Cargo
Carrying Units (CCUs), rail cars, tools and drill pipe. SmartChain also
monitors the integrity of mission-critical equipment such as pipeline and the
status of products and personnel in refineries.

"Not having the right tool at an offshore platform or oil rig can
actually shut down the whole process for a day or two, costing tens of
millions of dollars," said Dr. Ben Zoghi, an Engineering professor at Texas
A&M University
and director of the RFID Oil and Gas Consortium. "Radio
Frequency Identification technology solutions can help petroleum companies
more effectively utilize assets at a time of high oil demand worldwide and
constrained capacities, as well as detect potential system failures and
locate personnel in times of crisis."

For a complete video interview with Dr. Zoghi, please click here:
www.mktgserver00.com/savtec/201003/index.html

"Already proven in the world's largest and most complex supply chains for
defense, chemical and aerospace, our SmartChain solution can revolutionize
the efficiency and effectiveness of Oil and Gas operations by providing true
end-to-end visibility," said David Stephens, chief executive officer of Savi
Technology.

SmartChain for Oil and Gas is the result of a solution alliance Savi
announced last November that integrates technology from KBR Wireless, which
provides passive RFID technology solutions, and Shipcom Wireless, a provider
of supply chain execution software. Combined, the companies have technology
and domain experience with BP, Exxon, Shell, Ras Gas, Dow Chemical, Ensco
International, FMC Technologies, Sempra Energy, NATO, international defense
agencies, and a diversity of other government and commercial organizations.

As a wholly owned subsidiary of Lockheed Martin [NYSE: LMT], Savi,
www.savi.com, is a leading provider of supply chain information and
technology solutions and services.

Note to Editors:

A picture accompanying this release is available through the PA Photowire.
It can be downloaded from www.pa-mediapoint.press.net or viewed at
www.mediapoint.press.net or www.prnewswire.co.uk.

Mark Nelson of Savi Technology, +1-650-316-4872, mnelson at savi.com, www.twitter.com/savi360

Discussion
April 14, 2010: 3:08 pm

Risk Management is an important element to ensure right supply chain process.. it is not just important to have a clear well set supply chain, but also, locate potential weakness and emergency options.

Bobby Hamon
Network Manager
RUFAA GROUP LLC
Freight and Logistics Network
rufaa.com
https://www.rufaatrack.com

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