Sonoco and IPICO to Co-Develop and Commercialize RFID Technologies for the Paper Making Industry



    HARTSVILLE, SC and BURLINGTON, ON, Dec. 18 /CNW/ - Sonoco (NYSE:   SON) and
IPICO Inc. (TSX-V: RFD) today announced an agreement to co-develop and
commercialize Radio Frequency Identification (RFID) technology for the paper
making industry. The agreement will enable the development of an RFID tracking
solution for Sonoco's paper making tube and core customers.
    "We have looked at a number of RFID tag technologies and feel that
IPICO's technology is best suited to withstand the demanding environment found
in paper mills," said John Colyer, Sonoco's division vice president and
general manager, Industrial Products North America. "We are excited about the
opportunity to work closely with IPICO to develop practical solutions for the
paper industry's supply chain challenges."
    The optimum RFID solution for the paper-making industry requires a tag to
be incorporated into the paper roll, at its core, so that the roll can be
tracked from the paper machine winder to the point of use. Standard-issue low
frequency (LF), high frequency (HF) and ultra high frequency (UHF) tag
technologies to date have not met customers' performance expectations due to
the high carbon and water content of paper, which can result in signal
interference and data loss.
    IPICO's Intellicore tag and reader solutions, based on the unique
IP-X-based Dual Frequency RFID technology, solve the signal problem and
address the unique requirements of the paper industry. These include the need
to read shafted and shaftless winding equipment; inventory tracking in a
variety of paper handling scenarios such as roll clamps and roll stands; and
monitoring the location of clamp trucks as they move throughout the operation.
    "The paper industry produces hundreds of millions of rolls annually and
to date has not had a reliable, real-time electronic tracking solution," said
Gordon Westwater, President, IPICO Inc. "By utilizing IPICO RFID technology,
Sonoco, the world's largest producer of paper-based tubes and cores, is
empowering its customers to identify, track and locate paper rolls, no matter
where they are in the supply chain. This new level of inventory management and
control can deliver a rapid, measurable return on investment."
    IPICO's technology currently performs in a wide range of challenging
application environments where conventional technologies fall short, including
electronic vehicle identification, container identification and security,
extreme environments and paper rolls.

    About Sonoco

    Sonoco, founded in 1899, is a global manufacturer of industrial and
consumer packaging and provider of packaging services, with more than 330
operations in 35 countries, serving customers in some 85 nations. For more
information on Sonoco (NYSE:   SON), visit www.sonoco.com.

    About IPICO

    IPICO Inc. is an RFID solution supplier with operations in Canada, United
States, 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.

    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 markets, 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, design specifications, 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; Hilary Bassett, MAVERICK
for IPICO Inc., Tel: (416) 640-5525 x245, Email: hilaryb@maverickpr.com; Roger
Schrum, Sonoco, Tel: (843) 383-7043, Email: roger.schrum@sonoco.com

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