Syscan's New RFID Technology Selected by NATO.MONTREAL -- Syscan International Inc. (TSX VENTURE:SYA) today announced that it has been selected by Logis-Tech, inc. of Manassas, Virginia, to supply its patent applied iCE (Intelligent Communication Enabled) network technology (see Press Release, January 18, 2006: SYSCAN MAKES RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. TECHNOLOGY BREAKTHROUGH), as well as application support services, to the North Atlantic Treaty Noun 1. North Atlantic Treaty - the treaty signed in 1949 by 12 countries that established NATO Organisation's (NATO NATO: see North Atlantic Treaty Organization. NATO in full North Atlantic Treaty Organization International military alliance created to defend western Europe against a possible Soviet invasion. ) Item Unique Identification (IUID IUID Item Unique Identification IUID Individual User Identification Device IUID Intranet User Id ) and Asset Visibility Technology and Conformance Test. The IUID program is funded by Logistics Branch, Headquarters, Supreme Allied Commander Supreme Allied Commander is the title given to the most senior commander of some multinational military alliances. It originated as a term used by the Western Allies during World War II and is currently used by NATO. Transformation whose mission is to maximize the effectiveness of logistical support provided to NATO Armed Forces. Mr. Axel Striefler, President and 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. of Syscan, said "We are commencing deliveries of our newly developed iCE technology this quarter as part of our Cold Chain Compliance Control solution. Its comprehensive design however, makes it compatible with the needs of many different industries. This NATO supply chain application truly highlights the universal applicability and versatility of iCE and is tangible evidence of its tremendous potential." Mr. Bob Grasso, Vice-President of Logis-Tech, said, "Like other military organizations, NATO has experienced challenges in identifying and tracking vital items and parts in its supply chain. As the number of member nations grows, the logistical challenges increase exponentially. In order to enhance item visibility within the supply chain, NATO is in the process of creating a new standard agreement (STANAG The NATO term derived from "standardization agreement." See also NATO standardization agreement. 2290) for the implementation of Unique Identification (UID) criteria. Syscan's technology is unique and will enable significant upgrades to the new standards to be set for NATO's 26 member nations." Pursuant to the contract, Syscan will design, produce and supply its low-power bi-directional dynamic communication network technology to track and trace mission-critical NATO supply chain materials as they move between countries and continents. The system employs Syscan's proprietary transponders, readers and UMCD's (Universal Monitoring Communication Devices) with GPRS enabled communications to gather and transmit critical data to the operational NAATS NAATS National Association of Air Traffic Specialists (NATO Automated Asset Tracking System) server. Mr. Striefler concluded, "NATO operations are, by-definition, multi-national in scope and by enhancing supply chain visibility, all of NATO's member nations will reap significant benefits. We are excited to have secured this huge growth opportunity for Syscan." The Company also reported that the previously announced private placement financing led by Dominick & Dominick Securities Inc. is proceeding as planned and is expected to close during the last week of March. About Logis-Tech, inc. Logis-Tech is a logistics engineering and professional services organization focused on three core business areas: (1) Specialized Acquisition, Analytical and Logistics Services, including studies and risk analysis, decision making support, operational planning, maintenance, and logistics support programs; (2) Logistics Supply Chain Management, including Automated Identification Technology A suite of tools for facilitating total asset visibility (TAV) source data capture and transfer. Automated identification technology (AIT) includes a variety of devices, such as bar codes, magnetic strips, optical memory cards, and radio frequency tags for marking or "tagging" individual (AIT) and related software, inventory control, supply chain analysis, maintenance management, and database management; and (3) Corrosion Prevention, including controlled humidity protection, controls technology, remote monitoring, and contractor logistics support. Logis-Tech's involvement in these core areas involves all facets of program execution including concept development, product design, risk analysis, systems integration, manufacturing, installation, implementation, training and follow-on support. About Syscan International Inc. Syscan is a world class supply chain solution provider that delivers integrated real-time tracking and tracing In logistics, tracking and tracing is the concept of locating property that is being forwarded from an origin to a destination through various hubs and passing along spokes, and determining the location and other status of such object. systems that improve business efficiency through Radio Frequency Identification See RFID. (RFID). Its standardized supply chain solutions include traceability, temperature monitoring and quality control methodologies for the food, pharmaceutical and healthcare sectors. Shares of Syscan trade on the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. under the symbol SYA. There are approximately 34.7 million shares outstanding. To receive Company press releases, please email julia@chfir.com and mention Syscan on the subject line. The TSX Venture Exchange has not reviewed this release and it does not accept responsibility for its adequacy or accuracy. Syscan International Inc. (TSX VENTURE:SYA) |
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