VantagePoint Systems, Inc. (TSX-Venture:
VPG), a developer of business management software for the packaging industry,
today announced the formation of an RFID Product Group within the Company that
will provide software and integration services to enable packaging
manufacturers of all types take full advantage of today's rapidly-emerging
Radio Frequency Identification (RFID) technologies. Within the product supply
chain, RFID technology improves the management of physical inventory through
the automatic tracking and tracing of product information that is embedded in
individual electronic "tags" that are attached to the goods being managed, or
to their packaging. RFID technology has been called the "bar code of the
twenty-first century," because it reads and writes information to the RFID tag
electronically, not requiring line-of-sight viewing as required with
conventional printed bar codes. In addition, RFID technology allows the
reading and writing of multiple items simultaneously, opening up dramatic
possibilities for improving speed and accuracy of product identification and
handling. RFID tagging of goods at the case and pallet level within the supply
chain has been recently touted by major distributors and retailers such as
Wal(*)Mart, Target, and Sears as a means to dramatically reduce the cost of
inventory management within the product supply chain.
VantagePoint's RFID Product Group will focus on delivering state-of-the-
art RFID-based system solutions to packaging manufacturers enabling them to
improve internal operations in the factory and warehouse, as well as helping
the packaging manufacturers' customers improve supply chain efficiencies
through RFID-enabled packaging.
"There have been tremendous advances in RFID technology recently, with
much focus on the tags themselves, and the supporting electronics," said Jim
Hennings, president and CEO of VantagePoint, "But as these core RFID
technologies become commercially viable, the real value of RFID is delivered
through integrated business software solutions that track and trace real-time
events, and uses this information to improve business operations and
intelligence," continued Hennings. "VantagePoint's customers, the packaging
manufacturers themselves, are the first link in the product supply chain.
VantagePoint's customers supply packaging to all the major consumer product
companies, including every one of the so-called "Wal(*)Mart 100," stated
Hennings. "There is a pressing need for packaging suppliers and their
customers to fulfill the requirements set by Wal(*)Mart to have pallet-level
and shipping case-level RFID tagging in place and functioning by January 2005.
Our new RFID Product Group will help both our packaging manufacturing
customers as well as their key customers meet these mandated requirements, and
become leaders in providing RFID-enabled packaging in the future."
In addition to providing solutions for creating RFID-enabled packaging
that is tracked throughout the supply chain, VantagePoint announced that it
will be enhancing its own Business VantagePoint(TM) software product line to
incorporate RFID capabilities that are compatible with the newly adopted EPC
(Electronic Product Code) Global standards. Among other benefits, this will
enable packaging makers using Business VantagePoint to manage their own raw
materials and finished good production much more effectively within their
plants and warehouses.
About VantagePoint Systems, Inc.
VantagePoint develops business software solutions and provides advisory
services specifically for multi-plant packaging manufacturing companies. Since
1992, VantagePoint professionals have made packaging businesses worldwide more
competitive by providing solutions that maximize plant and worker efficiency,
increase customer satisfaction, and improve profitability. VantagePoint's core
business solutions, Business VantagePoint(TM) for Corrugated Packaging and
Business VantagePoint(TM) for Retail Packaging operate in over 150 packaging
plants throughout North America. Key customers include Menasha Packaging
Company, Georgia Pacific Corp., Longview Fibre Company, International Paper,
Columbus Container Inc., Smurfit-Stone, and Alliance Packaging. VantagePoint
trades on the TSX Venture Exchange under the symbol VPG. For more information,
please visit www.vpgroup.com.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this news release. (C) 2004 VantagePoint Systems, Inc. All
Rights Reserved., Business VantagePoint is a trademark /or registered
trademarks of VantagePoint Systems, Inc. All other trademarks are trademarks
and/or registered trademarks of their respective owners.
For further information: Press Contact: Michael Rusch, Vice-President,
Finance & Administration, (604) 685-4209 x 252,