Fairfield Industries Acquires RFTrax

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Fairfield Industries announced today that it has acquired RFTrax Inc., based in Allyn, Washington as a wholly-owned subsidiary.

Fairfield Industries announced today that it has acquired RFTrax Inc., based in Allyn, Washington as a wholly-owned subsidiary.

RFTrax develops systems utilizing multiple sensors, in concert with data management and alerting software, to provide an end-to-end solution that tracks shipments globally, protects valued assets, and ensures the integrity of the nation’s supply chain.

Using a combination of radio, satellite and RFID components with customized software and hardware, RFTrax provides visibility and security for the nation's intermodal transportation network.

"Fairfield recognizes the need for highly reliable and robust systems to address the nation's supply chain security. We are leveraging our existing data telemetry systems, high-end manufacturing capabilities and global support network to enter this new market." said Walt Pharris, Fairfield's President and CEO. "Our acquisition of RFTrax gives us the ability to enter this market with an established leader."

Fairfield has promoted Hal Haygood, Director of Engineering to President of this new subsidiary. Lynn Neff and Fred Barrett, RFTrax’s founders, will continue their work as executive officers of RFTrax.

Fairfield Industries Inc. is headquartered in Sugarland, Texas and offers a complete suite of seismic imaging services – from data acquisition to advanced data processing. Privately held, Fairfield is the leader in cable free acquisition system manufacturing and maintains the largest bottom-referenced, multi-client 3D seismic database in the Gulf Coast.

Media Contact:

Hal Haygood

President

RFTrax, Inc.

281-275-7661

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