Checkpoint to Buy 100 Million RFID Tags

Plans to integrate radio frequency identification technology from Matrics into clients' Electronic Product Code systems


Plans to integrate radio frequency identification technology from Matrics into clients' Electronic Product Code systems

Thorofare, NJ — March 31, 2004 — Checkpoint Systems, a provider of radio frequency (RF)-based product identification and shrink management solutions for retailers and consumer package goods manufacturers, has inked a deal to buy 100 million radio frequency identification (RFID) tags from Matrics, a provider of UHF RFID systems.

Checkpoint plans to integrate the Electronic Product Code (EPC)-compliant RFID tags into client supply chain applications using the company's EPC enterprise systems.

Terms of the agreement were not disclosed.

Checkpoint said its EPC/RFID Enterprise Solution will provide customers with a migration path from case- and pallet-level applications to item-level applications in the store, enabling customers to leverage their up-front investment in the technology while at the same time improving product security and visibility across their supply chain.

"We consider this multi-year agreement an important component of our long-term strategic plan," said John Thorn, general manager of Checkpoint's supply chain and brand solutions group. "It ensures that our supply chain customers will have a reliable and economical source of supply, using best-in-class technology as they meet industry initiatives."

As a result of recent industry initiatives driven by Wal-Mart, the Department of Defense (DoD), Target and the Healthcare Distribution Management Association (HDMA), many companies are looking for EPC-compliant solutions that satisfy both private and government mandate requirements while at the same time adding value to their business.

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