Cambridge, MA, December 4, 2006 – The World Economic Forum today announced 47 Technology Pioneers for 2007. ThingMagic, Inc. (www.thingmagic.com), a leading developer of radio frequency identification (RFID) technology, has been selected as one of these Technology Pioneers. The Technology Pioneers were nominated by the world’s leading venture capital and technology companies. The final selection from 225 nominees was made by a panel of leading technology experts appointed by the World Economic Forum. Technology Pioneers 2007 are invited to attend the Annual Meeting of the World Economic Forum to be held in Davos, Switzerland from 24-28 January 2007.

ThingMagic has been recognized as a Technology Pioneer for its market leading Mercury RFID reader platform, which utilizes a software defined radio (SDR) architecture for remote upgrades to accommodate new tags, RFID standards, security improvements and other system advances. ThingMagic Co-Founder Yael Maguire is the company’s Technology Pioneer representative, and has been instrumental in leading internal teams that developed the original Mercury reader and subsequent security, processing speed, and Generation 2 protocol upgrades. In addition to being designated a Technology Pioneer representative, Maguire was selected by MIT’s Technology Review magazine as one of the top technology innovators under age 35. Likewise, ThingMagic has been selected for each of the past two years as a Red Herring magazine Top 100 Innovative company.

“While this honor is a reflection of the hard work and market leading expertise of the ThingMagic teams, it’s fitting that Yael Maguire is likewise recognized for his leadership and vision,” said ThingMagic CEO and Chairman Tom Grant. “As a Technology Pioneer 2007, ThingMagic intends to continue to work toward the goal of distributing agile, Mercury RFID readers for applications in healthcare, manufacturing, government, retail and other industries around the world. Yael will continue to be an important part of this global mission.”

“The competition to become a Technology Pioneer has been more intense than ever. It is evident that technology and innovation is playing a key role in the shifting power equation at a global level. Driving this shift is the tremendous amount of innovation taking place outside of traditionally hubs. The wide geographic spread of this year’s Technology Pioneers is a testament to this trend. We are pleased to welcome these exciting companies to our Community of Technology Pioneers, and look forward to engaging these industry leaders of the future into the community of the World Economic Forum”, said Peter Torreele, Managing Director of the World Economic Forum.

Technology Pioneers are companies that have been identified as developing and applying highly transformational and innovative technologies in the areas of energy, biotechnology and health, and information technology. This year’s class of companies has been selected not only because of the cutting-edge work undertaken by these organizations, but also because their work has potential long-term impact on business and society.

Over half (27) of the Technology Pioneers 2007 are US-based companies, with 13 located in California. The United Kingdom boasts six Technology Pioneers 2007; the Netherlands, India, Israel and Singapore boast two each; Canada, Denmark, Finland, Ireland, Sweden and Switzerland have one each.

To be selected as a Technology Pioneer, a company must be involved in the development of life-changing technology innovation and have the potential for long-term impact on business and society. In addition, it must demonstrate visionary leadership, show all the signs of being a long-standing market leader – and its technology must be proven. Previous Technology Pioneers have included Autonomy, Cambridge Silicon Radio, Encore Software, Google, Millennium Pharmaceuticals and Napster.

Go to www.weforum.org/techpioneers/2007 for the entire list of Technology Pioneers and interviews with the CEOs of the selected companies. For more specific information, please e-mail: This e-mail address is being protected from spambots, you need JavaScript enabled to view it

About the World Economic Forum

The World Economic Forum (http://www.weforum.org), based in Geneva, Switzerland, is an independent organization committed to improving the state of the world. Funded by the contributions of 1,000 of the world's foremost corporations, the Forum acts in the spirit of entrepreneurship in the global public interest to further economic growth and social progress. The Forum serves its members and society by creating partnerships between and among business, political, intellectual and other leaders of society to define, discuss and advance key issues on the global agenda. Incorporated in 1971 as a foundation, the World Economic Forum is impartial and not-for-profit, and is tied to no political, partisan or national interests. In 1995 the Forum was awarded NGO consultative status with the Economic and Social Council of the United Nations.

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Download print-quality high resolution photographs of the CEOs of the selected companies at: www.pbase.com/forumweb/techpioneers2007