Contact Information: Contact Information: For Vue Technology: Jamie Kress Vue Technology 440.543.3486 jkress@vuetechnology.com Jane Carpenter Lois Paul & Partners 781.782.5740 jane_carpenter@lpp.com
Vue Technology Partners With Mighty Card Corp. to Address International Demand for Proven Item Level RFID Solutions
Grants Exclusive Distribution Rights for the TrueVUE RFID Platform to Japanese Integrated Solutions Provider
| Source: Vue Technology
LAKE FOREST, CA -- (MARKET WIRE) -- October 16, 2006 -- Vue Technology, Inc., the leading provider
of RFID networking and item-level solutions, today announced a distribution
agreement with Marubeni Corporation and its subsidiary Mighty Card
Corporation, granting the Japanese company the exclusive distribution
rights to the TrueVUE RFID platform in Japan and non-exclusive distribution
outside of Japan. Vue Technology's TrueVUE RFID platform is the industry's
first end-to-end solution for tracking items, cases and pallets, using dock
doors, handhelds and smart shelving based solutions.
"We welcome the opportunity to introduce Vue Technology's breakthrough item
level technology to the Japanese market and others," said Koji Kabumoto,
President of Mighty Card Corp. "We are eager to offer our customers the
numerous benefits of item level visibility in the supply-chain and the
retail storefront. Vue Technology's end-to-end solutions deliver on the
ultimate promise of RFID-immediate benefits and measurable ROI."
Vue Technology's TrueVUE RFID platform is the industry's first completely
scalable item-level solution that enables unprecedented visibility into
inventory levels, location and authenticity while eliminating the
prohibitive cost barriers previously associated with item-level RFID
roll-outs. Benefits to retailers include enhanced customer experience,
reductions in out-of-stocks and shrinkage, increased employee productivity
and increased sales. The TrueVUE RFID platform has delivered dramatic
results in numerous customer pilots and offers retailers the immediate
capability for enterprise roll-out.
"As international demand for proven, ROI-driven RFID solutions increases,
Vue Technology is poised to roll out its scalable item level RFID solutions
to retailers around the globe," said Robert Locke, CEO of Vue Technology.
"We welcome Marubeni and Mighty Card as a trusted partner to market and
distribute our technology in Japan and other parts of Asia. Marubeni and
Mighty Card are well known for superior technology solutions and we have
selected them as our partner based on the company's strong reputation and
solid leadership position in Asia."
About Marubeni
Marubeni Corp. is one of Japan's leading general trading houses
(Sogo-shosha), with operations that encompass domestic, import, export and
offshore trade and investment activities, and range from the development of
natural resources to the retail marketing of finished products. The
company was established in 1858 and has been conducting its operations
through a worldwide business network. For more information, visit
www.marubeni.com.
About Mighty Card
Mighty Card Corp., a subsidiary company of Marubeni Corp, is a RFID
solution provider. Mighty Card was established in 1997 and has been
focusing only on RFID. Mighty Card is a leading company to integrate new
RFID technology into practical business use with its experienced superior
professional service. Mighty Card is known as the company who delivered
the most sophisticated UHF RFID solution to Yodobashi Camera who is the
first company in Japan to introduce UHF RFID into their real business. For
more information, visit www.mightycard.co.jp.
About Vue Technology
Vue Technology is the leading provider of item level RFID solutions,
delivering breakthrough technology that provides the most scalable,
reliable, and ROI-driven solutions on the market. With patent-pending
technologies, Vue allows standard RFID readers to network across thousands
of antennas, exponentially increasing the number of zones a typical reader
can support.
Vue's TrueVUE™ RFID Platform is the industry's first end-to-end solution
for tracking items, cases and pallets using dock doors, handhelds and smart
shelving based solutions. An integrated RF data networking hardware and EPC
management software solution, the TrueVUE™ RFID Platform provides
customers unprecedented visibility into inventory levels, location and
authenticity while eliminating the prohibitive cost barriers previously
associated with item level RFID roll-outs. For more information, visit
www.vuetechnology.com.