Kernex selects IPICO to deploy automated railway car identification and anti-collision system for the Indian railways

    
    IPICO's IP-X RFID technology to help Indian Railways automatically track,
    trace and secure countrywide passenger trains
    

HYDERABAD, India, VIENNA, Austria, BURLINGTON, ON, Aug. 26 /CNW/ - IPICO Inc. (TSX-V: RFD.V) ("IPICO") is pleased to announce an understanding with Kernex Microsystems (India) Ltd. (KMIL: Bombay Stock Exchange) for the deployment of a radio frequency identification ("RFID") and anti-collision system for railway cars using IPICO's IP-X based UHF passive tags and readers. Kernex, a technology corporation based in Hyderabad, India will provide Indian Railways in a nationwide Rollout with a RFID anti-collision system that will increase safety to their trains. Given the large number of trains operated by Indian Railways it is a huge requirement and stands testimony to the superior technology of RFID Anti-Collision System. Kernex is a leading technology company focused on the development and implementation of Automated systems for Metro Sky-Bus Urban Transportation System, Advanced Railway Signal Systems and other safety systems with operations in USA, Far East, and eying markets in Africa and Middle East.

"Our goal is to offer to our partner Konkan Railways the most efficient and innovative solution for anti-collision based on IPICIO's leading IP-X protocol said Col. L.V. Raju, Managing Director, Kernex. "Working with IPICO during the past two years, we have helped to develop a unique safety offering for railways based on very robust technology fit to purpose."

"Kernex's strong engineering capabilities and long experience in the railway industry combined with IPICO's cost effective passive technology will create a unique offering to the railway market and contribute in increasing safety and security to operators and passengers by providing an accurate identifying and anti-collision system without the need for human intervention," said Michael Gorgi, Managing Director of IPICO EMEA.

"We are proud that for a large national railway operator such as Indian Railways Kernex has chosen our technology, at the end of their long and precise qualification process that took more than 2 years," said Gordon Westwater, President and CEO of IPICO Inc.

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 www.ipico.com

About Kernex: Kernex a leading technology provider and system integrator from India is engaged in the business of manufacturing, installing, commissioning and maintaining of anti-collision systems as well as conceptualizing, designing, and developing of safety and signal systems to trains in Railways in and outside India www.kernex.in as technology partner of Konkan Railway Corporation, a public sector undertaking of Indian railways.

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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Contacts

Gordon Westwater
President & CEO
IPICO Inc.
Tel: (905) 631-6310
Email: gordon.westwater@ipico.com

Col. L.V. Raju
Managing Director
Kernex Ltd.
+91-40-23113192
Email: md@kernexmail.in

Michael Gorgi
Managing Director
IPICO EMEA.
Tel: +43 6641 777547
Email: michael.gorgi@ipico.com