Prof. Sanjay Sarma Joins OATSystems' Board Of Directors

Auto-ID Expert and former Chairman of MIT's Auto-ID Center to Play Major Role in Further Securing OATSystems' Position As The Leader in RFID Software

WATERTOWN, MASS.-NOV. 3, 2003 - OATSystems, Inc., developer of the world's most widely deployed standards-based RFID (radio frequency identification) solutions, today announced that Prof. Sanjay Sarma will join the company's Board of Directors. Sarma, who co-founded MIT's Auto-ID Center in 1999 and served as its Chairman of Research until recently, is widely regarded as one of the world experts in RFID.

"Sanjay is, without doubt, the leading expert on the EPC system and real-world RFID deployments," said Prasad Putta, founder of OATSystems. "We are incredibly fortunate to have him join us. He has been at the forefront of developing the standards and the technologies that have made commercial RFID possible, and it will be a huge advantage for OATSystems to have his expertise and industry credibility behind our development effort."

"Joining OATSystems was an easy decision for me," said Sarma. "Having worked side-by-side with the company to develop many of the key components that make large-scale RFID deployments possible, it was clear to me that they are in a uniquely strong position. OATSystems has an enormous lead in building and deploying the kinds of systems that will drive dramatic savings and efficiencies in the retail, manufacturing, supply chain, and logistics sectors. Now, we will be working together to deliver innovative, next-generation RFID applications that offer exceptional value to our customers."

OATSystems is the developer of Senseware™, the world's first standards-based RFID software platform designed to work with all leading RFID hardware. Senseware is currently being used by some of the world's largest retail, consumer packaged goods and pharmaceutical companies in their RFID deployments. RFID technology allows manufacturers, retailers, logistics providers, and other organizations to "tag" physical goods with tiny radio transponders that can then be used to identify the goods without having to visually inspect them. Applications for the technology include automatic inventory management for retailers and manufacturers,
improved supply chain efficiency for logistics companies and their customers, and better tracking of goods to reduce theft and loss.

Industry analysts and major retailers have estimated that widespread adoption of RFID technology could save companies tens of billions of dollars annually. One analysis indicated that the world's largest retailer alone could save as much as $8.35 billion per year - more than the total annual revenue of half the companies on the Fortune 500.

About OATSystems

Founded in 2001, OATSystems, Inc. is the developer of the world's most widely deployed standards-based RFID solutions. The company has played an integral role in developing RFID standards and technologies and has deployed its flagship Senseware platform to help many of the world's largest retail, consumer packaged goods and pharmaceutical companies reap the economic benefits of RFID. Headquartered in Watertown, Mass., OATSystems is a privately held company backed by Matrix Partners and Greylock. For more information, please visit the company's Web site at
www.oatsystems.com.