IPICO enters casino market in France by signing exclusive agreement with RFID SYSTEMES



    BURLINGTON, ON, June 22 /CNW/ - IPICO Inc. (TSX-V:RFD) ("IPICO" or the
"Company") is pleased to announce that it has signed an exclusive partnership
agreement with RFID SYSTEMES for the supply of people tracking solutions to
the French casino industry. In terms of this agreement RFID SYSTEMES will
integrate the IPICO dual frequency (DF) product range into its complete
solution for casinos and provide these integrated solutions on an exclusive
basis into the casino industry in France over the next three years. The
initial deployment involves 40 Dual Frequency readers and several thousand
Dual Frequency VIP Access Cards.
    According to this exclusive partnership agreement RFID SYSTEMES will
purchase readers and tags from IPICO to a minimum volume of approximately Euro
1.3 million over the next two years. The RFID enabled solution will be
primarily aimed at the tracking of people through casino facilities, initially
focusing on the French market which boasts several hundred facilities, with
many more in the rest of Europe to be targeted in the second phase of
roll-out. The combined IPICO/RFID SYSTEMES solution provides a break-through
into the VIP Access Control market. The first implementation will be in the
casino application, providing not only improved security and customer service
but also supporting loyalty system benefits for patrons.
    "This agreement builds upon other recent successes that IPICO's DF
technology has achieved in the global market for people tracking", remarked
Laurent Crémer, Vice President IPICO Europe. "It consolidates IPICO's position
as a leading provider of free-flow people tracking solutions in commercial
building facilities".

    ABOUT IPICO Inc. IPICO Inc. is an RFID solution supplier with operations
in the USA, South Africa, Europe, Asia and Australia. IPICO produces smart
labels and tags based on the IP-XTM communication protocol. IPICO's low
interference readers comply with regulatory requirements in major geographical
regions, and allow for multi-reader rollout in close proximity. IPICO's low
cost RFID products excel at long read range, fast multi-read anti-col ision
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.

    This news release contains certain forward-looking statements pertaining
to future anticipated projected plans, performance and developments, as wel as
other statements relating to future operations and results, including, without
limitation, statements as to sales forecasts and required minimum future
revenues. Any statements in this news release that are not statements of
historical fact may be considered to be forward-looking statements. Written
words such as "may", "will", "expect", "believe", "anticipate", "estimate",
"intends", "goal", "objective", "seek", "attempt", "suggest" or variations of
these or similar words, identify forward-looking statements. These statements
by their nature are estimates of future results only.
    Actual results could differ materially from those contained in the
forward-looking statements and are based on current expectations that involve
substantial risks and uncertainties, including but not limited to the failure
to meet market growth, order volume, delivery commitment or minimum revenue
expectations, political intervention, and those other risks and uncertainties
detailed from time to time in IPICO's periodic reports filed on SEDAR
(www.sedar.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; Laurent Cremer, Vice
President, IPICO Europe, Tel. +33 475-443-238, email:
laurent.cremer@ipico.com

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