ProcAT N.V. to deploy IPICO'S Automated Railcar Id System

    ANTWERP, Belgium and BURLINGTON, ON, Feb. 2 /CNW/ - IPICO Inc.
(TSX-V:RFD) is pleased to announce receipt of the first purchase order from
ProcAT for the deployment of IPICO's IP-X based UHF passive tags and readers
in a nationwide program with Societé Nationale des Chemins de fer Belges
(SNCB) to automatically track, trace and secure its passenger trains and
rolling stock within Belgium. ProcAT N.V., a system integrator based in
Antwerp, Belgium, will supply SNCB with IPICO's fixed and handheld readers as
well as custom designed railway tags to be attached to the thousands of
railway cars used by SNCB.
    The majority of the readers will be installed next to railway tracks, and
will automatically capture the data of each individual railcar as a train
passes at high speeds. IPICO's technology is designed to capture vehicles
moving at speeds of up to 260 Km/h. SNCB will also be employing IPICO's high
performance handheld readers for their own inventory management purposes.
    "Our goal is to offer to our customers efficient solutions based on
technologies specifically targeted to their needs, criteria and budget" said
Eddy Vierlinck, Managing Director of ProcAT. "Working with IPICO, we have
developed a unique automated railcar access control system that can be
deployed cost effectively almost anywhere, a system which goes a very long way
to meeting critical railway industry needs."
    "IPICO's technology supports the rail industry by developing business
solutions that enhance revenue growth while reducing costs through efficient
operations, maintenance, asset utilization and capacity management" said
Michael Gorgi, Managing Director of IPICO GmbH. "Our IP-X based system will
help SNCB increase security and efficiency by automatically identifying and
tracking individual railway cars without the need for human intervention."
    "We are proud that a national railway operator such as SNCB has chosen
our technology following a long and precise qualification process. This
success again confirms that IPICO's passive IP-X UHF based systems can
reliably improve a wide variety of business operations, while at the same time
saving money and enhancing bottom lines" said Gordon Westwater, President and
Chief Executive Officer 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

    About ProcAT: ProcAT disposes a group of software engineers with a
comprehensive knowledge of automation systems applicable in a large domain of
processes. This fact, together with standardized procedures results in
projects which meet the highest qualities.

    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 (


    %SEDAR: 00023515E

For further information:

For further information: Gordon Westwater, President & CEO, IPICO Inc.,
Tel: (905) 631-6310, Email:; Eddy Vierlinck,
Managing Director, ProcAT N.V., Tel: +32 (0) 33607778, Email:; Michael Gorgi, Managing Director, IPICO EMEA., Tel:
+43 6641 77547, Email:

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