Sonoco Provides Intellicore Cores to Paper Manufacturers Using IPICO's
HARTSVILLE, SC and BURLINGTON, ON, June 30 /CNW/ - Sonoco (NYSE: SON) one
of the largest diversified global packaging companies, and IPICO Inc. (TSX-V:
RFD) today announced the availability of the world's first RFID (Radio
Frequency Identification) enabled core solution specifically designed for the
Using IPICO's dual frequency technology, the new fiber cores allow
customers to automatically identify, track, and locate paper rolls at any
point in the supply chain.
"IPICO and Sonoco have developed a unique process by which RFID
technology is embedded in fiber-based cores. Sonoco is using this process to
produce its new Intellicore engineered carriers which are specifically
designed to meet the unique needs of paper manufacturers," said John Colyer,
Sonoco vice president, Industrial Products - North America. "This technology
can be read through any size of paper roll, which allows for easy management
throughout the product's life cycle."
Sonoco is the world's largest manufacturer of fiber-based tubes and
cores, many of which are used by companies around the world to package various
grades and types of paper.
"Until now, the paper industry has been unable to seamlessly provide real
time tracking and location for the hundreds of millions of rolls it produces
annually," said Gordon Westwater, President and Chief Executive Officer of
IPICO. "Working with Sonoco and using IPICO's leading identification
technology, we have created what we believe will quickly become the RFID
standard for the paper industry."
Leading paper manufacturers have long sought reliable and cost-effective
tools to help their customers instantly track exact paper roll location,
recognizing that paper grade identification, storage visibility and waste
reduction are key opportunities for cost savings and profit enhancement. This
new technology shows potential to deliver important financial and
environmental benefits to customers around the world, and is designed as an
end-to-end management solution dedicated to improving the user's bottom line.
"The RFID-enabled paper rolls represent a step-change in material
management for our site. We have a solution that is actually working and
enables automatic goods receipt and matching against order and shipping
document without any manual intervention," said Mike Ramsay, managing
director, Mondi March Corrugated Packaging. "The system gives the site
real-time, fool-proof data that enables us to determine exactly which reel has
been used for each customer product. This, for the first time, gives us full
traceability so that we can guarantee to a customer that the correct type and
source of paper has been used. The technology is so simple to use that it
provides a win-win solution with accurate data reporting and at less cost to
acquire through savings in labor, waste, stock levels and stock outs."
Founded in 1899, Sonoco is a $4.0 billion global manufacturer of consumer
and industrial products and provider of packaging services, with 334
operations in 35 countries, serving customers in some 85 nations. For more
information on the Company, visit our Web site at www.sonoco.com.
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
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).
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For further information:
For further information: Gordon Westwater, President & CEO, IPICO Inc.,
Tel: (905) 631-6310, Email: firstname.lastname@example.org; Hilary Bassett,
MAVERICK for IPICO Inc., Tel: (416) 640-5525 x245, Email:
email@example.com; Roger Schrum, Sonoco, Tel: (843) 339-6018, Email: