Kernex selects IPICO to deploy automated railway car identification and anti-collision system for the Indian railways



    
    IPICO's IP-X RFID technology to help Indian Railways automatically track,
    trace and secure countrywide passenger trains
    

    HYDERABAD, India, VIENNA, Austria, BURLINGTON, ON, Aug. 26 /CNW/ - IPICO
Inc. (TSX-V:RFD) ("IPICO") is pleased to announce an understanding with Kernex
Microsystems (India) Ltd. (KMIL: Bombay Stock Exchange) for the deployment of
a radio frequency identification ("RFID") and anti-collision system for
railway cars using IPICO's IP-X based UHF passive tags and readers. Kernex, a
technology corporation based in Hyderabad, India will provide Indian Railways
in a nationwide Rollout with a RFID anti-collision system that will increase
safety to their trains. Given the large number of trains operated by Indian
Railways it is a huge requirement and stands testimony to the superior
technology of RFID Anti-Collision System. Kernex is a leading technology
company focused on the development and implementation of Automated systems for
Metro Sky-Bus Urban Transportation System, Advanced Railway Signal Systems and
other safety systems with operations in USA, Far East, and eying markets in
Africa and Middle East.
    "Our goal is to offer to our partner Konkan Railways the most efficient
and innovative solution for anti-collision based on IPICIO's leading IP-X
protocol said Col. L.V. Raju, Managing Director, Kernex. "Working with IPICO
during the past two years, we have helped to develop a unique safety offering
for railways based on very robust technology fit to purpose."
    "Kernex's strong engineering capabilities and long experience in the
railway industry combined with IPICO's cost effective passive technology will
create a unique offering to the railway market and contribute in increasing
safety and security to operators and passengers by providing an accurate
identifying and anti-collision system without the need for human
intervention," said Michael Gorgi, Managing Director of IPICO EMEA.
    "We are proud that for a large national railway operator such as Indian
Railways Kernex has chosen our technology, at the end of their long and
precise qualification process that took more than 2 years," said Gordon
Westwater, President and CEO of IPICO Inc.

    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

    About Kernex: Kernex a leading technology provider and system integrator
from India is engaged in the business of manufacturing, installing,
commissioning and maintaining of anti-collision systems as well as
conceptualizing, designing, and developing of safety and signal systems to
trains in Railways in and outside India www.kernex.in as technology partner of
Konkan Railway Corporation, a public sector undertaking of Indian railways.

    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; Col. L.V. Raju,
Managing Director, Kernex Ltd., +91-40-23113192, Email: md@kernexmail.in;
Michael Gorgi, Managing Director, IPICO EMEA., Tel: +43 6641 777547, Email:
michael.gorgi@ipico.com

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