Cambridge, MA, February 27, 2009 – ThingMagic, Inc. (www.thingmagic.com), a leading developer of radio frequency identification (RFID) technology, today announced the World Economic Forum has recognized ThingMagic co-founder and CTO Yael Maguire as a Young Global Leader (YGL) 2009. Each year, the Forum names between 200 and 300 outstanding young leaders for their professional accomplishments, commitment to society and potential to contribute to shaping the future of the world.

Maguire joins this year’s group which includes founders and executives from the Bill & Melinda Gates Foundation, Dell Inc. Foundation, Facebook, Goldman Sachs, Kiva.org, Skype, the Tiger Woods Foundation, Do Something and YouTube, among others. He and other Young Global Leaders are invited to convene at biannual summits, and other Forum events and meetings, to collaborate on initiatives to tackle some of the key challenges of our generation. YGL activities and the complete list of this year’s Young Global Leaders are available online at the following link: Activities of the Young Global Leaders Community.

“Yael is an outstanding leader at ThingMagic and is respected for his community service with Design that Matters, a non-profit started by MIT students working on technologies that improve the quality of life in underserved communities, and many other volunteer activities,” said Tom Grant, CEO and chairman of ThingMagic. “We expect Yael and his ThingMagic team members will continue to be recognized for their work in advancing technology to address business challenges, educating others, and giving back to the global community through World Economic Forum and other efforts.”

The Young Global Leader 2009 designation for Maguire follows similar industry recognition for ThingMagic and its staff, including:

• Co-Founder Ravi Pappu’s selection as a 2008 Boston Business Journal “40 Under 40,” the next generation of the Boston area’s business leaders and innovators
• ThingMagic and Maguire’s selection as a 2007 World Economic Forum “Technology Pioneer”
• Maguire’s selection as a 2007 MassHighTech All-Star, a group of influential and dynamic leaders in New England’s innovation economy
• ThingMagic’s selection as a Red Herring 100 innovative private company, in 2005 and 2006.
• Maguire’s selection as a 2006 Technology Review TR35 Innovator Under 35
• Pappu’s selection as a 2003 Technology Review TR100 Innovator Under 35

About ThingMagic, Inc.
ThingMagic is a leading developer of radio frequency identification (RFID) technology, with broad experience in applying RFID in a wide range of industrial and consumer applications. ThingMagic’s customers include some of the world’s largest retailers, consumer companies, automotive firms, manufacturers and industrial automation firms. ThingMagic products include fixed and embedded RFID readers and antennas, embedded and OEM RFID technology, and professional services to facilitate the OEM integration of RFID into a wide range of industrial and consumer products. ThingMagic is “The Engine in RFID™.” http://www.thingmagic.com.

Media Contact:
Jan Jahosky
TurboPR for ThingMagic
407-331-4699
jan@turbopr.com