IPICO grants options



    BURLINGTON, ON, Jan. 12 /CNW/ - IPICO Inc. (TSX-V: RFD) announced that in
response to worsening economic and market conditions it implemented in 2008 a
number of cost-saving measures designed to streamline its global operations,
reduce fixed administrative costs and conserve working capital. Among those
measures was a decision to significantly reduce executive officer and senior
management salaries and to discontinue its 2008 and 2009 bonus compensation
plans. In part recognition of those reductions IPICO has granted under its
employee share option plan a total of 1,600,000 options, of which 875,000 were
granted to five of its executive officers and 725,000 were granted to nine
other employees. All options are exercisable at a price of $0.15 per common
share, vest in three equal instalments over two years and have a five year
term.

    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.

    
    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 & CEO, 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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