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:
"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. |
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