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.