10 unchanged sentences
We and our partners connect the items via a miniature radio chip embedded in the item or in its packaging, reading and delivering each item’s identity, location and authenticity.
−Removed: To date, we have enabled connectivity to nearly 50 billion items, enabling businesses and consumers to derive timely information from those connected items.
+Added: To date, we have enabled connectivity to more than 60 billion items, enabling businesses and consumers to derive timely information from those connected items.
Our platform uses RAIN, a type of radio-frequency identification, or RFID, technology we pioneered.
4 unchanged sentences
For additional information related to RAIN market adoption, please see the section of this report captioned “Risk Factors.”
−Removed: Our endpoint IC product family comprises miniature radios-on-a-chip that can wirelessly connect almost any item yet sell for pennies.
+Added: Our endpoint integrated circuit, or ICs, product family comprises miniature radios-on-a-chip that can wirelessly connect almost any item yet sell for pennies.
Each IC attaches to a host item and includes a number to identify the item.
4 unchanged sentences
Regardless of the method by which our partners embed an endpoint IC into a host item, we refer to an IC and its host item as an endpoint.
−Removed: When a consumer purchases a retail item, a store or supplier typically procures another item to sell, including another endpoint IC.
−Removed: We believe endpoint ICs are the first market for consumable silicon and are a recurring revenue source for us .
+Added: When a consumer purchases a retail item, a store or supplier will typically procure another inventory item to sell, including another endpoint IC.
+Added: We believe endpoint ICs are the first market for consumable silicon and selling endpoint ICs represents a recurring revenue source for us .
Our systems product family comprises reader ICs, readers and gateways that wirelessly provide power to, and communicate bidirectionally with, endpoint ICs on host items.
15 unchanged sentences
We sell our readers and gateways through distributors, system integrators, or SIs, value-added resellers, or VARs, and solution providers.
−Removed: We sell our readers sell for hundreds of dollars and our gateways for thousands of dollars.
+Added: We sell our readers for hundreds of dollars and our gateways for thousands of dollars.
Industry Use Cases
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Retailers, both traditional “brick-and-mortar” and online, consume billions of RAIN tags each year to obtain real-time data about products they manufacture, transport and sell.
−Removed: Today, most of retail products with RAIN tags are apparel and footwear, but retailers are extending RAIN usage to cosmetics, home good, sporting items and even food.
+Added: Today, most retail products with RAIN tags are apparel and footwear, but retailers are extending RAIN usage to cosmetics, home good, sporting items and even food.
Retailers can obtain the following benefits by using our platform:
34 unchanged sentences
Golf venues score participants’ shots via our endpoint ICs inside golf balls.
−Removed: Coca-Cola uses our reader ICs for syrup-cartridge tracking and replenishment in its Freestyle soda fountains.
+Added: Our reader ICs track syrup cartridges for replenishment in soda fountains.
+Added: Our endpoint ICs track meat and fish for freshness.
Datacenters .
Datacenters use our platform for asset tracking.
−Removed: Electronics manufacturers embed our endpoint ICs into electronic devices for processor-secured storage.
+Added: Electronics manufacturers embed our e ndpoint ICs into electronic devices for processor-secured storage.
Driver licenses in some states in the United States include our endpoint ICs to speed border crossings.
7 unchanged sentences
Market Leadership .
−Removed: We believe we have leading market share in endpoint ICs, reader ICs, fixed readers and gateways.
−Removed: We are also the only company with an integrated RAIN platform spanning those endpoint ICs, reader ICs, fixed readers and gateways.
+Added: We believe we lead the RAIN market as the only company with an integrated platform spanning endpoint ICs, reader ICs, fixed readers and gateways.
Technology Leadership .
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patents, five issued and allowed international patents, 24 pending U.S.
−Removed: patent applications and two pending international patent applications.
+Added: patent applications and 2 pending international patent applications.
Growth Strategies
12 unchanged sentences
Our sales team enables end-user solutions through, with and alongside those partners, fulfilling through the partners primarily as follows:
−Removed: Endpoint ICs:
+Added: E ndpoint ICs:
Directly to inlay and tag OEMs.
11 unchanged sentences
* Less than 10%
−Removed: (1) Includes concentration of revenue related to Smartrac NV, or Smartrac.
−Removed: In March 2020, Avery Dennison completed an acquisition of Smartrac.
+Added: (1) Includes revenue concentration related to Smartrac NV, or Smartrac.
+Added: Avery Dennison acquired Smartrac in March 2020.
Avery Dennison and Arizon purchase our endpoint ICs for their inlay and tag products.
7 unchanged sentences
headquarters and in Asia.
−Removed: We use multiple subcontractors to post-process the wafers, with Stars Microelectronics (Thailand) Public Company Limited, or Stars, and Unisem Group, or Unisem, our primary subcontractors.
+Added: We use multiple subcontractors to post-process the wafers.
+Added: Stars Microelectronics (Thailand) Public Company Limited, or Stars, Chipbond Technology Corporation, or Chipbond, and Unisem Group, or Unisem, are our primary subcontracts.
We generally engage all our endpoint IC subcontractors on a purchase-order basis.
−Removed: TowerJazz Ltd., or TowerJazz fabricates our reader IC wafers in the United States and has been our sole reader IC wafer supplier since 2008.
−Removed: We order reader IC wafers on a purchase-order basis and do not have a long-term agreement with TowerJazz.
+Added: Tower Semiconductor, or Tower, fabricates our reader IC wafers in the United States and has been our sole reader IC wafer supplier since 2008.
+Added: We order reader IC wafers on a purchase-order basis and do not have a long-term agreement with Tower.
We test and package the ICs in Asia.
19 unchanged sentences
patents, five issued and allowed international patents, 24 pending U.S.
−Removed: patent applications and two pending international patent applications.
+Added: patent applications and 2 pending international patent applications.
The first of our 270 utility patents expire in 2022 and the first of our 21 design patents expire in 2022.
32 unchanged sentences
Endpoint ICs:
−Removed: NXP B.V., or NXP, and Alien Technology Corporation, or Alien.
+Added: NXP B.V., or NXP, EM Microelectronic, Kiloway and Alien Technology Corporation, or Alien.
STMicroelectronics N.V., or ST, Phychips Inc, Zhikun Semiconductor Co.
16 unchanged sentences
As of December 31, 2021, we had 332 employees.
−Removed: None of our employees are represented by a labor union, and we believe our employee relations are excellent.
+Added: Most of our employees are not represented by a labor union, and we believe our employee relations are excellent.
Our corporate culture embodies a set of principles centered around respect, collaboration, accountability, empowerment and thinking big.
1 unchanged sentence
We focus on aligning our employees to those principles, promoting and fostering diversity, inclusion, passion and commitment.
−Removed: Corporate Information
+Added: Available Information
We were incorporated in Delaware in April 2000.
3 unchanged sentences
Information contained in, or that can be accessed through, our website is not a part of, and is not incorporated into, this report.
−Removed: Where You Can Find More Information
Our filings with the Securities and Exchange Commission, or SEC, including our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports, are available on our website at www.investor.impinj.com, free of charge, as soon as reasonably practicable after the electronic filing of these reports with the SEC.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.