Checkpoint Systems and Philips Form Strategic RFID Alliance

Wednesday 26 May 2004 18:32 CET | News

Checkpoint Systems and Royal Philips Electronics have entered into a strategic alliance, to jointly provide RFID-enabled tags and readers combined with system integration services to retailers and fast moving consumer products companies.

Working together, Checkpoint and Philips will combine their industry expertise to address the growing need for RFID-based technology in day-to-day business processes and operations. As a result, full-scale implementation of RFID will be made available to the large number of retailers and suppliers whose objective is to meet industry mandate deadlines some of which are set for 2005. The two companies are already working together on several projects in the European retail industry, including the Metro Group in Germany. Within the scope of the agreement, Checkpoint Systems Europe will be building and integrating applications and solutions for the retail industry and its supply chain based on Philips HF and UHF RFID chip solutions including EPC. In addition to collaborating on tags and readers, the two companies will deliver system integration services that address the specific needs of retailers seeking to adopt RFID in their supply chains. In addition, Checkpoint and Philips will combine their expertise and development efforts resulting in synergies that could lead to a significant lowering of the cost of RFID tags in the foreseeable future through some of the most advanced RFID tag manufacturing techniques and processes. Through Checkpoint Systems CheckNet Services, which comprise Checkpoints tag, label and service bureau solutions, companies will now have a phased and easy to integrate approach to RFID implementation. By leveraging Checkpoint Systems retail market leadership with Philips expertise and technology strengths, both companies will gain greater scope, interaction and feedback from current and potential retail supply chain customers.

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Categories: Payments & Commerce | Payments General
Countries: World
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Payments & Commerce