IPICO provides EVI taxi solution in Latin America



    BURLINGTON, ON, Feb. 18 /CNW/ - IPICO Inc. (TSX-V: RFD) is pleased to
announce the commercial deployment of its UHF Passive RFID Electronic Vehicle
Identification (EVI) solution for the management, control and rationalization
of Bogota, Columbia's city registered taxi pool. This deployment for Bogota's
Traffic and Transport office, Secretaria de Movilidad (Secretary of Mobility)
enables regulators to differentiate between officially registered and
controlled taxis and illegal unregistered vehicles. Using both fixed and high
performance handheld readers, taxi regulators and police focus on strategic
areas across the city where taxis tend to operate, such as around the harbour,
airport and bus terminals to identify and deal with illegal taxis. Under the
terms of this contract IPICO supplied a total of 60 high performance handheld
readers, 13 fixed readers and 60,000 tags for the initial phase of the project
that is now in operation.
    Many jurisdictions around the world face the challenge of managing
unlicensed or unregistered taxis and other forms of public transport, which
not only fail to pay applicable fees and taxes, but which also pose a threat
to passenger safety and other local standards. The IPICO solution has been
welcomed by both taxi operators and customers, because it improves the image
of the legitimate taxi and offers a safer and more reliable mode of public
transport.
    "The issue of how to identify unregistered or unlicensed vehicles -
whether taxis, cars, trucks or motorcycles - is a huge problem across South
America and throughout the emerging world," said Gordon Westwater, President
and CEO of IPICO. "We believe that our system provides a very reliable, cost
effective solution that can address this problem almost anywhere and, once
installed, can be managed locally across any geographic region."

    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 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.

    This news release contains certain forward-looking statements pertaining
to future anticipated projected plans, performance and developments, as well
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 & CEO, IPICO Inc.,
Tel: (905) 631-6310, Email: gordon.westwater@ipico.com

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