Law Enforcement Raid Disrupts Houston Plastic Pallet Theft Network
Intelligent Global Pooling Systems (iGPS Company LLC), operator of the world's first all-plastic pallet pool with embedded radio frequency identification (RFID) tags, announced recently that following its close and ongoing collaboration with Houston, Texas law enforcement officials and retailers in the region, the Houston Police Department's Major Offenders Task Force conducted a raid on PA Pallets of Houston on March 26, 2009. During this raid, the owner of PA Pallets was arrested for grand theft, and receiving, selling and possession of stolen property from a number of parties, including fast moving consumer goods retailing customers of iGPS.
"We will continue our close collaboration with law enforcement officials and retailers because we simply will not tolerate theft of our pallets," stated Ben Stoller, iGPS Vice President. "We remain committed to diligently protecting our assets."
In just three years, iGPS has revolutionized the way goods are being shipped throughout the U.S. supply chain. Its all-plastic pallet weighs 30% less than typical multi-use wood pallets, contains 4 RFID tags for tracking and tracing and is 100% recyclable. In addition, iGPS' pallet meets or exceeds all GMA requirements and has received FM Approvals Standard 4996 and UL 2335 certification (file no. R25482) for fire retardance. A growing list of America's top companies now ship and receive products on iGPS pallets.
About iGPS
iGPS is the world's first company to provide manufacturers and retailers with an all-plastic pallet pool with embedded RFID-tags. iGPS's state-of-the-art pallets are 30% lighter than wood, which saves on transport costs, are easier to handle and eliminate protruding nails and splinters that cause workplace injuries and damaged equipment. In addition, embedded RFID tags enable shippers and receivers to track and trace shipments in real time. Launched in March 2006, the company is led by pallet and supply chain veterans with decades of experience. iGPS (www.igps.net) is headquartered in Orlando, FL. Pegasus Capital Advisors, a private equity fund manager with offices in New York and Cos Cob, CT, retains a majority interest in iGPS. Founded in 1995, Pegasus provides capital to middle market companies across a wide range of industries, with particular focus on businesses that make a meaningful contribution to society by positively affecting the environment, contributing to sustainability and enabling healthy living. For more information, visit: www.pcalp.com.
SOURCE: iGPS Company LLC