Contact Information: Jamie Kress Vue Technology, Inc. 440.543.3486 jkress@vuetechnology.com Jane Carpenter Lois Paul & Partners 781.782.5740 Jane_Carpenter@lpp.com
Vue Technology Provides UHF Item-Level Solutions to Metro Group Future Store Initiative
Vue Technology's TrueVUE RFID Platform Offers Compelling ROI to Retailers for a Broad Range of Categories, Including Apparel, Media & Entertainment and Pharmaceutical Products
| Source: Vue Technology
LAKE FOREST, CA -- (MARKET WIRE) -- March 7, 2007 -- Vue Technology, the leading provider of
item-level RFID solutions, today announced that the company has joined the
METRO Group Future Store initiative as a technology partner. Vue Technology
is providing European frequency UHF technology for on-shelf, item-level
visibility for apparel. The METRO Group Future Store initiative is a
cooperative effort between METRO Group and more than 60 partner companies
from the information technology and consumer goods industries to test a
range of new technologies, including RFID, in a live environment.
Vue Technology is showcasing its award-winning TrueVUE™ RFID Platform,
the first commercially available, item-level solution in Europe. The
TrueVUE RFID Platform is the only RFID infrastructure that enables
retailers to easily initiate any item-level deployment. Vue Technology has
the ability to track items from dock doors and portals to mobile and smart
shelving solutions, and can achieve inventory tracking accuracy of well
over 99 percent. Vue Technology is providing both reporting and network
management applications in the deployment.
"As a partner in the METRO Group Future Store, we welcome the opportunity
to showcase the value of Vue Technology in one of the world's largest
retailers," said Robert Locke, CEO of Vue Technology. "METRO's recognition
of the benefits and potential of item-level RFID will contribute to the
wide-spread acceptance of the technology."
About the METRO Group
METRO Group is one of the most important international retailing companies.
In 2006 the group reached sales of about EUR 60 billion. The company has a
headcount of some 270,000 employees and operates about 2,400 outlets in 30
countries. The operating business is performed by the sales brands which
operate independently in the market: Metro/Makro Cash & Carry -- world
market leader in cash & carry wholesale, Real hypermarkets and Extra
supermarkets, Media Markt and Saturn -- market leader in consumer
electronics centers in Europe, and Galeria Kaufhof department stores.
About METRO Groups Future Store Initiative
The METRO Group Future Store Initiative gathers companies from the
retailing, consumer goods and information technology industries to
elaborate solutions for tomorrow's retailing. Together with Intel, IBM,
T-Systems and more than 60 other cooperating partners from the IT and
consumer goods industries and the service sector, the METRO Group
(www.metrogroup.de) is developing feasible concepts for the trade of
tomorrow. All of the parties involved are united by a single vision: the
setting of new technological standards for the consumer goods industry and
the speeding up of the modernization process in commerce. The METRO Group
Future Store Initiative is the joint platform for this objective.
About Vue Technology
Vue Technology is the leading provider of item-level RFID solutions,
offering breakthrough RFID infrastructure components and a powerful
software suite that delivers the most scalable, reliable, and ROI-driven
RFID solutions on the market. Vue's TrueVUE™ RFID Platform provides the
industry's only unified RFID infrastructure that allows customers to manage
dock doors, portals, mobile devices, smart surfaces and smart shelves to
achieve RFID visibility down to the item-level.
With its patent-pending RF Networking devices and UHF enabled
VUEPoints™, Vue allows standard readers to network across thousands of
antennas, exponentially increasing the number of zones that readers can
support and dramatically reducing the cost barriers previously associated
with item-level RFID roll-outs. Combined with an integrated software suite
for device and network management, EPC commissioning, and RFID workflows,
the TrueVUE™ RFID Platform is uniquely able to deliver significant and
measurable ROI to its customers. For more information, visit
www.vuetechnology.com.