Syscan Licenses Cold Chain Solution for Pharmaceutical Sector.MONTREAL -- Syscan International Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:SYA) today announced that it has signed a multi-year licensing and distribution agreement with Alternatives Technologie Pharma Inc. (ATP ATP: see adenosine triphosphate. ATP in full adenosine triphosphate Organic compound, substrate in many enzyme-catalyzed reactions (see catalysis) in the cells of animals, plants, and microorganisms. ) of Montreal, Quebec, for the North American pharmaceutical market. Under the agreement ATP, in conjunction with a number of U.S.-based partners (to be named later), will market and distribute Syscan's proprietary RFID-based (Radio Frequency Identification See RFID. ) Cold Chain Compliance and Control system (i4cIT(TM) - "I-foresee-it") to major manufacturers, transporters and retailers of pharmaceutical products throughout North America. The pharmaceutical industry annually suffers billions of dollars in losses due to fraud and product degradation. 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, "The successful integration of our patent-pending 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 (see news release dated January 18, 2006: Syscan Announces RFID Breakthrough) into the world's first proactive Cold Chain Compliance and Control solution (i4cIT(TM)), and this subsequent licensing deal with ATP for the pharmaceutical sector, represent significant milestones in Syscan's growth towards becoming the premier Cold Chain solution provider in North America." Mr. Jean Bedard, Vice-President & CEO of ATP said "We have been delivering cold chain management solutions to the pharmaceutical industry for many years. We recognize that i4cIT(TM) is a great leap forward Great Leap Forward, 1957–60, Chinese economic plan aimed at revitalizing all sectors of the economy. Initiated by Mao Zedong, the plan emphasized decentralized, labor-intensive industrialization, typified by the construction of thousands of backyard steel . Syscan's system enables our customers to significantly lower their operational costs on several fronts, and we know that our pharmaceutical customers watch their bottom lines very closely." Real-time proactive data and variance reporting along the entire supply chain concerning a product's location and condition allows manufacturers, transporters and retailers of pharmaceutical products to react as quickly as possible to problems in the cold chain before any significant damage is incurred. Users of i4cIT(TM) will be notified instantaneously of critical temperature variances and security violations (e.g. door openings, power disconnects and route deviations) and will thereby be able to prevent costly product degradation and losses. "i4cIT(TM) provides such a superior degree of additional security and monitoring capabilities for products that, we believe, there is little doubt that the pharmaceutical industry, will appreciate the bottom-line benefits of Syscan's solutions to their cold chain operations," continued Mr. Bedard. Mr. Robert Henri, Syscan Vice President, said, "ATP's established operations and valuable expertise should allow Syscan's solutions to penetrate the vertically-integrated pharmaceuticals market rapidly and, at the same time, position ATP as a leading provider of state-of-the-art RFID solutions to their customers. This partnership will mutually benefit both our companies". About Syscan International Inc. Syscan is a unique 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 (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. About Alternatives Technologie Pharma Inc. Alternatives Technologie Pharma (ATP) is a supplier of cold chain management solutions having products and services that are integrated into global solutions focused on the specific needs of the life sciences and transport markets. ATP's solutions and services follow the guidelines of the ICH QA (1994), USP USP - unique sales point Proposals (PSD), WHO Good Distribution Practices, BPX, Canadian Guidelines for temperature control of drug products during storage and transportation (Guide 0069), the GAMP, ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. , CFR CFR See: Cost and Freight 21, part 11 and PICS, annex 11 norms. 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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