Savi Technology Names Ron Nakamoto as CEO

MOUNTAIN VIEW, Calif., June 7 /PRNewswire-FirstCall/ -- Savi Technology, Inc., a wholly owned subsidiary of Lockheed Martin (NYSE: LMT), today announced Ron Nakamoto as chief executive officer. Nakamoto, who previously served as chief operating officer of Savi Technology, Inc., has more than 30 years of experience, eight of them with Lockheed Martin, in a wide range of technical, operational and executive assignments.

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As CEO, Nakamoto plans to leverage his background in growing companies with Lockheed Martin's extensive capabilities to significantly expand Savi Technology's Radio Frequency Identification-based (RFID) Total Asset Management solutions and services into the defense, civilian agency and commercial markets - both in the United States and internationally.

"Ron brings to Savi a rare combination of organizational, operational, technical and market expertise in companies of all sizes, which will help propel Savi Technology to the next level," said Vic Verma, chief executive officer of the Savi Group, which provides strategic oversight to the Savi companies, including Savi Technology, Inc., G-ITV, and Savi Networks, which provides information services on global supply chain shipments.

Nakamoto also serves as chief operating officer of Savi Group, and vice president and general manager for the Global In-Transit Visibility division of Lockheed Martin's Integrated Systems & Global Solutions Company.

Prior to joining Savi, Nakamoto was vice president and general manager for the $1.5 billion, 3,600 employee Intelligence Systems business of the Integrated Systems & Solutions Company of Lockheed Martin, which achieved a record win rate of 99% with over $3.5 billion in contract awards. Nakamoto was also vice president of the Mission Ground Systems line of business and the regional executive for the Western Region of Lockheed Martin Management and Data Systems Company, growing the business by 600% over five years.

Prior to Lockheed Martin, Nakamoto held systems engineering and management positions at Western Development Labs, Loral Corporation, and at Ford Aerospace Communications Corporation. Nakamoto also has held classified assignments involving intelligence systems with the U.S. Secretary of the Air Force.

Nakamoto was awarded a military scholarship and earned a Physics degree from San Francisco State University, and a Masters of Science in R&D Systems from the University of Southern California. He has received numerous awards, including the National Management Association Manager of the Year Award, the Lockheed Martin NOVA Award and most recently was recognized as the Asian American Engineer of the Year for 2006.

Nakamoto is an active member of the Institute of Electrical and Electronics Engineers (IEEE), National Defense Transportation Association (NDTA), Silicon Valley Manufacturing Group (SVMG), and the Council of Asian American Leaders (CAAL).

Nakamoto and his wife Elaine, who also works at Lockheed Martin Corporation, have two grown children.

With over 17 years of experience, Savi is a leading provider of active RFID solutions for the management and security of supply chain assets, shipments and consignments. Savi Technology is a wholly-owned subsidiary of Lockheed Martin, with headquarters in Sunnyvale, Calif., and offices in Washington D.C., London, Singapore, and Melbourne. For more information, visit http://www.savi.com.

Headquartered in Bethesda, Md., Lockheed Martin employs about 140,000 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 2006 sales of $39.6 billion. For additional information, visit http://www.lockheedmartin.com.