LAKE FOREST, Calif., August 15, 2006—Vue Technology, Inc., the leading provider of RFID networking and item-level solutions, and Kurt Salmon Associates (KSA), the leading global retail consulting firm, today announced an agreement that will allow retailers to reduce out-of-stocks, markdowns, and shrink.
KSA’s Supply Chain and Store Operations RFID consulting services and Vue’s TrueVUETM RFID Platform will provide retailers with unprecedented visibility into their store operations. KSA’s unique management dashboard metric services and TrueVUETM RFID Platform provide retailers tools to increase efficiency across the entire supply chain. The TrueVUETM RFID Platform is the first in the industry to offer support for RFID printers, mobile reader devices, dock door portals and smart shelves over the same end-to-end platform.
“KSA is a recognized leader with world-class expertise in business process reengineering, store execution analysis and supply chain efficiency for the entire retail industry,” said Robert Locke, CEO of Vue Technology. “KSA is deeply connected in the retail marketplace and has an intimate understanding of the impediments preventing retailers from generating full value from their RFID implementations. We are thrilled to be partnering with such experienced thought leadership, and know this partnership will help us build upon and improve the industry’s most cost-effective item-level RFID solutions to better address the pressing needs of retailers.”
Vue and KSA plan to integrate KSA’s proprietary RFID-powered Store Management Dashboard with the TrueVUETM RFID Platform to give retailers unprecedented insights into the effectiveness of their store operations. As a result, retailers can achieve significant reductions in out of stocks, labor costs and shrinkage while increasing customer satisfaction, sales revenue and operating profit. Vue is the first company to enable large-scale deployments of item-level RFID for retailers. With patent-pending technology, Vue delivers a unique EPC network technology offering the most cost-effective, scalable and reliable item-level RFID solutions on the market.
“Vue has taken an innovative and very successful approach to delivering item-level solutions to the retail industry, and we look forward to working with them,” said Stephen Bogart, RFID strategist at Kurt Salmon Associates. “Retailers will benefit greatly from a single, end-to-end RFID platform that can deliver the levels of visibility and scalability Vue’s solution offers.”
KSA’s Store Management Dashboard is an easy-to-use, real-time management tool that monitors merchandise flow activities from the point of store receipt through trial and sale to customers. It monitors over 40 of the most important retail activities and prioritizes necessary actions to ensure the right merchandise is in the right place and at the right time.
About Vue Technology
Vue Technology is the leading provider of item level RFID solutions, delivering breakthrough RF Networking 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. For more information, visit www.vuetechnology.com.
About Kurt Salmon Associates
Kurt Salmon Associates (KSA) is the premier global consulting firm focused exclusively on the retail, consumer products, and health care industries. For more than 70 years, KSA has been helping clients achieve significant gains through strategic growth initiatives, superior product performance, and comprehensive enabling technologies. From concept to consumer, KSA’s portfolio of services helps clients in the Americas, Europe, and Asia-Pacific achieve lasting, meaningful improvements that create true distinction in the marketplace.