Industry momentum: IPICO Sprints Forward in Sports Timekeeping



    BURLINGTON, ON, Dec. 4 /CNW/ - IPICO Inc. (TSX-V:RFD) is pleased to
report that its distribution relationship with Mercury Sports Group Inc. is
proving to be a winning combination in North America and beyond. In
March 2007, Peoria, Illinois-based Mercury, (IPICO Sports) signed on as the
exclusive global distributor of sports timekeeping tags powered by IPICO's
Dual Frequency RFID technology. The exclusive arrangement contemplates minimum
aggregate revenues to IPICO Inc. of $6 million during the initial 24 months of
the contract.

    
    Since the initial market introduction, IPICO Sports has shipped readers
and tags to 16 countries, where runners and cyclists have been timed with
IPICO technology. Timekeeping organizations around the world are taking
advantage of the reliable, detailed data capture afforded by IPICO. Notably:

    -   At the 2007 BolderBOULDER 10k Memorial Day run, more than
        45,000 participants raced with IPICO Sports Sportags(TM) laced to
        their shoes. This was the race organizer's first use of digital
        technology. Based on the success of the first event, the organizers
        of BolderBOULDER have extended the relationship with IPICO Sports
        through 2011.

    -   Nearly 22,000 finishers in the Nike Run Americas 10k in Mexico City
        had their split and finish times recorded by their IPICO tags branded
        with the Nike 10k logo. Following the successful finish, event
        organizers Sport Promotion announced a new, five-year relationship
        with IPICO Sports for collaboration on future events.

    -   Also this November, 9,500 cyclists at New Zealand's Wattyl Lake Taupo
        Cycle Challenge raced the 160km Avanti Classic Race equipped with
        IPICO timing technology. Event organizer Times-7 reported
        100 per cent data capture and noted the ease of system set up. The
        success at the Wattyl Lake Taupo Cycle challenge has already
        generated interest from other international events, according to
        Times-7.

    -   End Result, Inc., the largest sports timing company in the United
        States, converted 100 per cent of its timekeeping systems to IPICO
        technology this past summer.
    

    "IPICO's IP-X air interface protocol delivers signals in more demanding
conditions, which makes it ideal for all-weather, mass start sporting events
and an ideal platform for building our sports timekeeping business," said
IPICO Sports President and Chief Technology Officer Philip Lockwood.
    In addition to Sports Timekeeping, IPICO's lines of business target the
electronic vehicle identification (EVI), container identification and
security, extreme environment, and paper reel markets.

    ABOUT IPICO Inc.

    IPICO Inc. is an RFID solution supplier with operations in Canada, USA,
South Africa, Europe, Asia and Australia. IPICO produces smart labels, tags
and readers based on the IP-X communication protocol. Its products are
designed to conform to regulatory requirements in most major geographical
regions, to excel at long read range, fast multi-read anti-collision and high
thru-beam read-speeds of dynamic tag populations, and to allow for
multi-reader rollout in close proximity. IPICO's products are used to optimize
the management of products, equipment, people, animals and processes within
the logistics and other value chains. For further information, go to
www.ipico.com.

    ABOUT IPICO Sports

    Peoria, Illinois-based Mercury Sports Group Inc., operating as IPICO
Sports, combines years of sports management experience with innovative
technologies to help sport and event providers improve the level of services
they offer to athletes, spectators, the media, commentators and other
participants by using advanced Radio Frequency Identification (RFID)
technology in conjunction with information management and communication tools
to design custom solutions that capture, manage and distribute results in the
active sports, wellness and recreation markets. Visit us at
www.ipicosports.com.

    THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE
    ADEQUACY OR THE ACCURACY OF THIS RELEASE.

    %SEDAR: 00023515E




For further information:

For further information: Gordon Westwater, President, IPICO Inc., Tel:
(905) 631-6310, Email: gordon.westwater@ipico.com; Hilary Bassett, MAVERICK,
for IPICO Inc., Tel: (416) 640-5525 x245, Email: hilaryb@maverickpr.com;
Philip Lockwood, Chief Technology Officer, IPICO Sports, Tel: (309) 672-6442,
Email: plockwood@ipicosports.com

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IPICO INC.

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