Printer Friendly
The Free Library
19,607,053 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Electronic Retailing Systems International, Inc. Names New Board Member.


NORWALK, Conn.--(BUSINESS WIRE)--Oct. 13, 1998--Electronic Retailing Systems International, Inc. (ERS ERS,
n.pr See extended rotated side-bent.
) (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: ERSI ERSI Environment Remote Sensing Institute ) today announced the appointment of Sheldon Weinig, Adjunct Professor at the Engineering School at Columbia University Columbia University, mainly in New York City; founded 1754 as King's College by grant of King George II; first college in New York City, fifth oldest in the United States; one of the eight Ivy League institutions.  and former Vice Chairman of Sony Engineering and Manufacturing of America to its Board of Directors, effective September 25, 1998.

Weinig has been an Adjunct Professor at Columbia University since 1994 and at State University of New York (body) State University of New York - (SUNY) The public university system of New York State, USA, with campuses throughout the state. , Stony Brook Stony Brook may refer to:

Massachusetts:
  • Stony Brook, a tributary of the Charles River in Boston
  • Stony Brook (MBTA station) on the Orange Line in Jamaica Plain
  • Stony Brook (B&M station), a former Boston and Maine Railroad station in Weston
, since 1993. From 1990 to 1994, he was Vice Chairman of Manufacturing at Sony Engineering and Manufacturing of America. From 1994 to 1996, Weinig served as Consultant to Sony. Prior to his positions at Sony, Weinig was CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  and Chairman of Materials Research Corporation. He is a board member of Aseco Corporation, Insituform Technologies, Inc., Intermagnetics General Corporation, Kentek Information Systems, Inc. and U.S. Cast Polymers, Inc.

"Throughout his career, Mr. Weinig, 70, has been very successful at directing manufacturing and distribution for such world-class technology companies as Sony. As ERS grows its customer base and extends its installations, Mr. Weinig's knowledge and expertise in this area will be very valuable," said Bruce F. Failing, Jr., Chief Executive Officer of ERS.

Mr. George Weathersby ceased to be a director of ERS following the ERS annual meeting of stockholders.

ERS is a leading developer and supplier of electronic shelf labeling Electronic Shelf Label is a system used by Retailers for displaying price on shelves. Automating the price change process enhances in-store merchandising and store compliance. These features add up to increased sales and reduced overall operational costs.  systems designed to improve retailer profitability. The ERS ShelfNet(R) system is designed to assist retailers in cost savings and pricing accuracy by using a wireless network to link a store's central computer both to its check-out scanner and to the Electronic Shelf Labels (ESLs) that display pricing information at the shelf edge. With ShelfNet, this pricing information is updated automatically on the ESLs when prices in the point-of-sale (POS (1) See point of sale and packet over SONET.

(2) "Parent over shoulder." See digispeak.

POS - point of sale
) scanner are changed. This provides price integrity between the shelf edge and the POS scanners. ShelfNet uses spread spectrum RF technology, which is the most widely used method of wireless communication in retail today. In addition, ShelfNet uses a suite of patented software applications designed to communicate merchandising, inventory and other information to and from store personnel in the aisle. These applications are designed to provide value-added benefits to retailers in the areas of shelf-edge merchandising, replenishment control, strategic pricing and shelf set compliance.

This press release contains forward-looking statements that involve risks and uncertainties. ERS' actual results may vary from those anticipated due to a number of factors, including, without limitation, the timely availability and acceptance of new products, the rate of development of the emerging market for electronic shelf label systems, the impact of competitive products and pricing, the management of growth, and other factors set forth in reports and other documents filed by ERS with the Securities and Exchange Commission from time to time.
COPYRIGHT 1998 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1USA
Date:Oct 13, 1998
Words:457
Previous Article:Becton Dickinson and Company Acquires MDI Instruments, Inc.
Next Article:Technology Coast Initiates Coverage On IBNL With "Speculative Buy" Rating.
Topics:



Related Articles
Catalina Marketing Corp. names two executives to newly created posts.
Electronic Retailing Systems International Announces $8.5 Million Equity Placement.
Instill Corporation Names John M. Lillie, Former Lucky Stores Chairman, to Board of Directors.
Applied Intelligence Group, Inc., Announces a Change in its Name to "The viaLink Company".
Michael G. Rhodes to be New Chairman of MasterCard International's U.S. Region Board of Directors.
GlobalNetXchange Names Joseph E. Laughlin As CEO; Former Sears Executive to Lead World's First Retail Online Exchange.
Harvard Business School Professor Named to SmartMouth Technologies Board.
Dan Oswald elected NEPA president.
Grubb & Ellis Company.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles