IPICO Confirms Option Grant to New VP Global Supply Chain



    BURLINGTON, ON, Sept. 18 /CNW/ - IPICO Inc. (TSX-V: RFD) ("IPICO") today
announced that the Board has confirmed the grant of 150,000 options to
purchase common shares of the Company to Mr. Darryl McCoy, the Company's new
Vice President Global Supply Chain. The grant is made under the Company's
Employee Stock Option Plan with the exercise price equal to $0.97. The options
vest in three equal instalments over three years and have a five year term.
    Mr. McCoy brings over 15 years of experience in supply chain management
and most recently he was the Director, Global Supply Management for MDS Inc. a
publicly traded international company where he was responsible for the
development of the global supply chain strategy and infrastructure including
purchasing, sourcing, outsourced manufacturing, inventory management and
logistics support.

    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 and tags based on the IP-X(TM) communication protocol. IPICO's low
interference readers are designed to meet regulatory requirements in many
major markets, and allow for multi-reader rollout in close proximity. IPICO's
low cost RFID products excel at long read range, fast multi-read
anti-collision and high thru-beam read-speeds of dynamic tag populations.
These products are used to optimize the management of items, people, animals
and processes within the logistic supply chain and other value chains. For
further information, go to www.ipico.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; Ted Irwin, Chief Financial
Officer, IPICO Inc., Tel: (905) 631-6310, email: ted.irwin@ipico.com

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IPICO INC.

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