LAKE FOREST, CALIFORNIA – December 14, 2005 – Vue Technology, a leading provider of item-level RFID (radio frequency identification) technology, and Symbol Technologies, Inc. (NYSE:SBL), The Enterprise Mobility Company™, today announced that they will jointly develop and deliver integrated item-level RFID solutions for retailers and manufacturers. The integrated item-level RFID solutions will offer visibility into inventory levels, location and authenticity, resulting in significant reductions in out-of-stocks, shrinkage and labor costs.
“Item-level RFID is rapidly emerging as an area in which retailers can realize an immediate and measurable return on their RFID investment,” said John Bruno, Symbol senior vice president and general manager, RFID Division. “Symbol and Vue Technology are working together to deliver reliable and scaleable solutions that address the unique implementation challenges of shelf and item-level RFID deployments.”
The TrueVUE™ RFID Platform is an ROI-driven solution that supports end-to-end item level RFID, enabling manufacturers and retailers to streamline the tracking of individual items throughout the supply chain. Vue Technology will combine their patent-pending RF Networking technology and EPC management software with Symbol’s RFID fixed and handheld readers, tags and peripheral devices to deliver a cost-effective platform, enabling customers to reap the benefits of item-level RFID. The joint item-level RFID solutions will expand the reach of RFID from traditional pallet and case-level distribution applications that focus on broad supply chain visibility to in-store applications which focus on achieving enhanced on-shelf availability – and sales – for specific product categories.
“Item-level RFID is rapidly emerging as an area in which retailers can realize an immediate and noticeable return their RFID investment,” said Robert Locke, CEO of Vue Technology. “But these returns cannot be realized without scaleable and reliable solutions which address the unique implementations challenges of shelf and item-level RFID deployments. Together with Symbol, we are offering our customers the true potential of item-level RFID by providing a complete solution which reduces complexity and cost barriers, delivering unprecedented item-level visibility to the supply chain
About Vue Technology
Vue Technology is the leading provider of item level RFID, delivering breakthrough technology that provides the most scalable, reliable, and ROI-driven solutions on the market. With patent-pending technologies, VUE allows standard RFID readers to network across thousands of antennas, exponentially increasing the number of zones a typical reader can support. Vue provides customers unprecedented visibility into inventory levels, location and authenticity while eliminating the prohibitive cost barriers previously associated with item-level RFID roll-outs.
With its TrueVUE™ RFID Platform, Vue offers the most complete suite of integrated RF networking hardware and EPC management software for item-level RFID, maximizing the benefits to our customers while minimizing implementation risks – at the lowest TCO.
About Symbol Technologies, Inc.
Symbol Technologies, Inc., The Enterprise Mobility Company™, is a recognized worldwide leader in enterprise mobility, delivering products and solutions that capture, move and manage information in real time to and from the point of business activity. Symbol enterprise mobility solutions integrate advanced data capture products, radio frequency identification technology, mobile computing platforms, wireless infrastructure, mobility software and world-class services programs under the Symbol Enterprise Mobility Services brand. Symbol enterprise mobility products and solutions are proven to increase workforce productivity, reduce operating costs, drive operational efficiencies and realize competitive advantages for the world's leading companies. More information is available at www.symbol.com.
Contact Information:
For Vue Technology:
Jamie Kress
Vue Technology
440.543.3486
jkress@vuetechnology.com
Dan Gaffney
Lois Paul & Partners
781.782.5817
gaffney@lpp.com
For Symbol Technologies:
Media Information:
Bill Abelson
Symbol Technologies, Inc.
631.738.4751
bill.abelson@symbol.com
Joey Marquart
Edelman Public Relations for Symbol Technologies
212.704.8133
joey.marquart@edelman.com
Financial information:
Nancy Coco/Lori Chaitman
Symbol Technologies, Inc.
631.738.4104
nancy.coco@symbol.com
Industry analyst information:
Shirley Schroedl
Symbol Technologies, Inc.
631.738.4823
shirley.schroedl@symbol.com