Invengo Appoints Jiann Hsieh as Chief Executive Officer of Invengo's International Division

Singapore, 3 February 2016 – Invengo is pleased to announce the appointment of Jiann Hsieh as the new Invengo Technology Pte. Ltd.  Chief Executive Officer as of 1 February 2016.

Jiann: ''Invengo has repositioned its international market strategy and is ready to serve customers around the world through a world-class sales team and its Invengo InPower partner network. I am very much looking forward to playing a key role in leading the further global expansion of Invengo and capitalizing on the growing opportunities in the RFID market worldwide.''

Jiann Hsieh, until recently Vice President and General Manager China of the leading RFID manufacturer Alien Technology Corporation, is a seasoned veteran in the RFID industry with an excellent track record and an extensive network in the sector. In addition, he has also built up an excellent working relationship with various Chinese government bodies during his long-standing career in which he has held senior management positions with technology companies in Beijing and Shanghai.

At Alien, he successfully established the Alien distribution network to cover greater China and Southeast Asia and expanded the company's position in China, resulting in a substantial increase in sales revenue in four years. Prior to joining Alien, Jiann was Vice President North Asia of the RFID manufacturer IPICO Inc. after IPICO acquired his company, Beijing XPS Technology LTD in 2006. Jiann founded Beijing XPS Technology in 2001 as a vehicle to introduce UHF RFID technology and other Auto-ID technologies to China. The success of this pioneering company and its subsequent acquisition by IPICO serve as a testimony to Jiann's entrepreneurial spirit and can-do mentality.

In addition to his strong industrial background, Jiann is also a renowned speaker and trainer in China. He holds a Master's Degree in Computer Science / Industrial Engineering from Ohio University (USA) and a Bachelor's Degree in Industrial Engineering from Chun-Yuan University (Taiwan).

In view of his background, experience, expertise and network, Jiann is exactly the right person to provide the leadership that Invengo requires in order to capitalize on the interesting growth opportunities in the global RFID market and further expand its distribution network.

ABOUT INVENGO TECHNOLOGY

Invengo – the global RFID technology provider – is a leading developer and manufacturer of high-quality, intelligent RAIN RFID (UHF), HF and NFC inlays, tags and connectivity solutions utilized in the Internet of Things (IoT). With a focus on RFID innovation, Invengo has created a leading product line in retail, library, pharmaceutical, healthcare, (public) transportation and many other industries. With over 20 years of experience in RFID, Invengo is fully dedicated to enabling efficiency in applications such as ticketing, identity management, supply chain management, authentication, asset management and brand equity.

Invengo Technology Pte. Ltd, located in Singapore (with subsidiaries in the US and Europe), is the international headquarters of Invengo Information Technology Co. Ltd, listed on the Shenzhen Stock Exchange (SZSE: 002161.SZ). Employing over 500 people worldwide, Invengo is one of the largest publicly traded, RFID-oriented companies in the world, with design and manufacturing plants located in both the United States and China and sales offices spanning all major geographies.