Monday, February 25, 2008

SkyeTek Trumpets 2007 Results

Westminster, Colorado-based SkyeTek, a provider of RFID reader technology, said today that it has tripled its revenues and doubled its bookings from 2006. The privately held company did not release financials or any details. SkyeTek said revenue growth in 2007 grew by 158 percent in 2007, and included 18 new production wins for its RFID readers. SkyeTek is venture backed by Grotech Capital Group, TD Fund, Appian Ventures, Sequel Venture Partners, and Palomar Ventures.