Checkpoint Systems and Royal Philips Electronics will jointly provide RFID-enabled tags and readers combined with system integration services to retailers and fast moving consumer products companies.
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. 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.
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 development efforts resulting in synergies that could lead to a significant lowering of the cost of RFID tags in the foreseeable future through advanced manufacturing techniques and processes.
www.checkpointeurope.com
