Telepanel Installs Electronic Shelf Labels For SPAR Austria.PARIS Paris, in Greek mythology Paris or Alexander, in Greek mythology, son of Priam and Hecuba and brother of Hector. Because it was prophesied that he would cause the destruction of Troy, Paris was abandoned on Mt. , FRANCE France (frăns, Fr. fräNs), officially French Republic, republic (2005 est. pop. 60,656,000), 211,207 sq mi (547,026 sq km), W Europe. AND TORONTO--(BUSINESS WIRE)--July 6, 1998-- Telepanel Systems In(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 :TLSIF) (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :TLS (1) (Transport Layer Security) A security protocol from the IETF that is based on the Secure Sockets Layer (SSL) 3.0 protocol developed by Netscape. TLS uses digital certificates to authenticate the user as well as authenticate the network (in a wireless .) SPAR looks to Telepanel ESL's for a possible rollout in its 90 EUROSPAR Supermarkets and 45 INTERSPAR Hypermarkets in Austria. Telepanel Europe and Telepanel Systems Inc., the worldwide leader in electronic shelf label 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. (ESL (1) An earlier family of client/server development tools for Windows and OS/2 from Ardent Software (formerly VMARK). It was originally developed by Easel Corporation, which was acquired by VMARK. ) systems for retail stores, today announced that Telepanel had been selected by SPAR Osterreich Warenhandels-AG, and has now installed its ESL system in the Mattighofen EUROSPAR supermarket, 50 kilometers from the Salzburg head office. SPAR is a prestigious Austrian retail group operating 90 EUROSPAR Supermarkets, 45 INTERSPAR Hypermarkets, 400 SPAR Supermarkets and serving 1100 SPAR-stores throughout Austria. SPAR Managing Director, Erich Moriantz who initiated the ESL project said: "The demand for accuracy of the prices displayed will increase if we must display prices in both Euro and Schilling." The key success factors for SPAR are: - Excellent readability of item description and retail price. - 100 percent correspondence between the retail price at the shelf label and at the cash register. - Acceptance of the electronic shelf labels by the customer. A task force led by Dipl. Ing. Franz Holzl, Spar IT Director and Mag. Johann Neumayr, Spar IT Manager and including IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) Austria and Telepanel Europe managers and engineers successfully completed the installation on June 22, 1998 in the modern 1300 square meter Noun 1. square meter - a centare is 1/100th of an are centare, square metre area unit, square measure - a system of units used to measure areas EUROSPAR Mattighofen supermarket. The installation will allow SPAR to integrate Telepanel ESL's in its methods and procedures in the day to day life of the store, and to evaluate the benefits provided by the Telepanel ESL system. In the EUROSPAR Mattighofen store, store attendants and customers voluntarily expressed their satisfaction with being able to view prices displayed in both Euro and Schilling so soon, demonstrating the very positive initial response to the Telepanel ESL system. Jean-Francois Naquet-Radiguet, 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 Telepanel Europe S.A. said: "Telepanel and its business partner, IBM Austria, are very proud to have been selected by SPAR and are pleased to have the opportunity to demonstrate the interest, reliability and profitability of an investment in the Telepanel ESL system." "This is another key step in becoming the market leader for Europe," said Chris Skillen, President and CEO of Telepanel Systems, Inc. "We believe that the Euro currency requirement is a strong factor in the accelerating demand for our product throughout Europe." Telepanel ESL's are placed on the edge of store shelves to display product price, promotional, management and other information for use by shoppers and store staff. The price and other information displayed can be changed by a radio frequency communications link to the stores' electronic checkout scanner system, resulting in accurate and up-to-date pricing, improved shelf, inventory and merchandising management and eliminating the need for labour-intensive and inaccurate paper label maintenance. Each liquid crystal display liquid crystal display (LCD) Optoelectronic device used in displays for watches, calculators, notebook computers, and other electronic devices. Current passed through specific portions of the liquid crystal solution causes the crystals to align, blocking the passage of light. module is an independently powered stand-alone two-way radio A voice network that provides an always-on connection enabling the user to just "push the button and talk." Also called "dispatch radio," two-way radio has traditionally been used by police, fire, taxi and other mobile fleets. frequency device that attaches to the existing shelf edge in a store. Communications to and from the ESL's are effected through a patented radio frequency technology that uses Telepanel's advanced software and transceiver network. The Telepanel system is the only two-way radio frequency ("RF") ESL system homologated for sale throughout Europe. In addition to its unique capability to display multiple currencies including the Euro, Telepanel is the only RF-based ESL system that confirms through its two-way communication capability, that each and every price change has been accurately communicated to the shelf edge and that the ESL's are in position, a key advantage for European shoppers and retailers. In Europe, Telepanel Systems are installed or being installed in premier supermarket chains including, in France, INTERMARCHE, LECLERC and CHAMPION, the PROMODES supermarket chain, and in Portugal at PINGO DOCE, the JERONIMO MARTINS supermarket chain. This press release includes forward looking statements as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements do not constitute historical facts and involve risks and uncertainties, including, but not limited to, the possibility that adverse economic or other factors may cause actual results to be materially different than current estimates and projections. Additional detailed information concerninto differ materially from the information contained in this press release is contained in the reports and other documents of Telepanel filed with the Securities and Exchange Commission from time to time.
CONTACT: In Canada - Telepanel Systems Inc.
Chris Skillen, 905/477-7877
Internet: www.cdn-news.com
or
In Europe - Telepanel Europe S.A.
Jean-Francois Naquet-Radiguet, 33/01 41 22 93 90
or
In the US - Straus Communications
Irving Straus, 212/768-2477
or
In the US - Mallory Factor Inc.
Mallory Factor, 212/350-0000
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