BP Selects Mojix Next Generation Passive RFID for $7 Billion Offshore Drilling Project

LOS ANGELES, CA − April 26, 2013 − Mojix® Inc., the leading provider of wide-area passive RFID solutions, announced that industry leader BP appointed Mojix to deliver track-and-trace technology, for the Clair Ridge oil platform construction that will operate in the North Sea off the coast of Scotland. This solution provides real-time visibility of oil platform components moving from suppliers located around the globe to the platform's construction site. BP is using this solution to monitor and manage the supply chain which includes tracking crates, Heavy Lift and Out of Gauge equipment, containers and vessels to improve the efficiency and safety during the construction. Mojix's STAR 3000 System delivers next-generation wide-area passive radio frequency identification ("RFID") technology at warehouses and yards creating supply chain visibility resulting in cost savings and risk mitigation for the Oil and Gas industry giant.

“Mojix has delivered a complete and innovative tracking solution that allows BP to monitor its cargo throughout the whole supply chain process, this ensures that we can manage our materials in a more planned and efficient manner,” said Andy Dovey, Material management PSCM team lead for BP Clair Ridge. “Mojix is pleased to have been selected by one of the world's largest companies to monitor all critical assets in a complex project such as the Clair Ridge project,” said Dr. Ramin Sadr, CEO and founder of Mojix. “Our technology brings significant new efficiencies, risk mitigation and cost savings to the entire supply chain that supports an offshore platform construction. We are pleased BP recognizes the value our technology brings to this important project.”

BP deployed the Mojix STAR 3000 System as the cornerstone of its global track-and-trace of the supply chain for the construction of the Clair Ridge platform in Asia. Two different types of tag technology are used by BP including passive EPC Gen 2 RFID tags on all materials and components and Global Positioning (GPS) sensor telemetry tags on containers and heavy equipment. The passive tag and GPS location information is consolidated from around the globe into the Mojix's centralized, web-based, visibility platform. Finally, commercial ocean vessel tracking information is integrated to the same centralized visibility platform giving BP an unprecedented single-point of view of the location and flow of goods on roads, oceans, and warehouses. Mojix's track-and-trace solution along with its STAR 3000 provides BP with 24 by 7 continuous visibility of all materials needed to contruct the new Clair Ridge platform.

About BP Clair Ridge

BP and their partners ConocoPhillips, Chevron, and Shell received approval from the UK Government to progress to the second-phase development of the Clair oil field, 75 km (46.6 mi) west of Scotland's Shetland Islands. Clair extends over an area of 220 sq km (85 sq mi), in water depths of around 140 m (459 ft). The second phase of the development, named Clair Ridge, will target the part of the field north of Clair Phase 1. The Clair Ridge project calls for construction and installation of two new, bridge-linked platforms, both due to be installed in 2015 with production slated to start the following year. These facilities are being designed to extend production from the greater Clair area through 2050 and will involve a capital investment of roughly $7 billion. Phase 2 has been engineered to produce 640 MMboe and to serve as a hub for future expansion, subject to further appraisal. At peak, production should near 120,000 b/d of oil.

About Mojix

Mojix is the leading technology and solution provider for wide-area RFID networks with unique passive RTLS capabilities which provides organizations with visibility of any object, item, case, product or asset in their supply chain. Providing the only wide-area passive RFID reader on the market, Mojix locates tags across large physical areas to significantly improve an organization's ability to manage its production and logistical processes at a lower TCO. Unlike conventional passive RFID systems that are limited in coverage area and read range, and active RFID systems that require costly battery-operated sensors, Mojix offers the best of both worlds: active RFID capabilities at passive RFID economics.

Mojix Contact:
Jessica Brown
Phone (877) 886-6549
Fax (310) 479-9602
Jessica@mojix.com