Universal Power Group Selects RedPrairie to Provide Warehouse Management System.Positions Company to Attract New Customers by Offering Enhanced Distribution Services and Network-Wide Inventory Visibility Expands Logistics Center to Support Immediate Growth Needs CARROLLTON, Texas Carrollton is a city in Texas, partially in Dallas County, partially in Denton County, and partially in Collin County. As of 2005, census estimates the city's total population to be 122,699.[1] Carrollton is a suburb of Dallas. -- Universal Power Group, Inc. (AMEX AMEX See: American Stock Exchange : UPG UPG Upgrade UPG University of Pittsburgh At Greensburg (Pennsylvania) UPG Union du Peuple Gabonais (French: Gabonese People's Union; political party) UPG Union do Povo Galego UPG Union for Progress of Guinea ), "(UPG") a leading provider of third-party logistics A third-party logistics provider (abbreviated 3PL) is a firm that provides outsourced or "third party" logistics services to companies for part, or sometimes all of their supply chain management function. and supply chain management services, and a global distributor of batteries, security products and related portable power products, today announced that it has selected RedPrairie Corporation, a leading consumer driven optimization company, to provide a warehouse management system, which will enhance UPG's existing capabilities. UPG also announced that it has expanded its leased space at its Carrollton, TX Logistics Center by approximately 70,000 square feet to support immediate growth needs. Randy Hardin, 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 UPG, stated, "We are excited about our partnership with RedPrairie, as we'll now be able to provide our customers a more robust portfolio of supply chain solutions, such as the ability to capture and manage performance metrics Performance metrics are measures of an organizations activities and performance. Performance metrics should support a range of stakeholder needs from customers, shareholders to employees [1]. , as well as improved inventory management and visibility throughout the supply chain. An integral part of our growth strategy is to attract and retain new customers by offering our customers the tools that they need to improve their competitive position in the marketplace. With the implementation of RedPrairie's warehouse management system, we believe we are now better positioned to execute on this strategy." Universal Power Group (UPG) plans to implement RedPrairie DLx[R] Warehouse, LENS[R] and Scorecard at three distribution facilities in Dallas, Oklahoma City Oklahoma City (1990 pop. 444,719), state capital, and seat of Oklahoma co., central Okla., on the North Canadian River; inc. 1890. The state's largest city, it is an important livestock market, a wholesale, distribution, industrial, and financial center, and a farm and Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. . The solutions will give UPG the ability to offer increasingly complex services for customers and provide network-wide visibility - including web-portal based order visibility - so customers can track the status of orders while in process. The solutions will enable UPG to support sophisticated Vendor Managed Inventory Vendor Managed Inventory (VMI) is a family of business models in which the buyer of a product provides certain information to a supplier of that product and the supplier takes full responsibility for maintaining an agreed inventory of the material, usually at the buyer's (VMI VMI Virginia Military Institute VMI Vendor Managed Inventory VMI Vertical Motion Index VMI Valtakunnan Metsien Inventointi (Finnish: National Forest Inventory) VMI Video Module Interface ) programs, tracking and controlling customer-owned inventory seamlessly. UPG's investment in the new warehouse management system is being funded with proceeds from the Company's December 2006 IPO (Initial Public Offering) The first time a company offers shares of stock to the public. While not a computer term per se, many founders, employees and insiders of computer companies have found this acronym more exciting than any tech term they ever heard. . John Jazwiec, CEO of RedPrairie, added, "Third party logistics providers always have to be a step ahead in the services and technology they offer to attract customers. In addition to offering more complex distribution services, UPG will also be more flexible to adapt to new customers' needs more quickly. We believe our Service Oriented Architecture (SOA (1) (Start Of Authority) The first record in a DNS zone file. See DNS records. (2) (Service Oriented Architecture) The modularization of business functions for greater flexibility and reusability. ) offers the scalability UPG needs to support their growth objectives, as the SOA will enable UPG to quickly adapt processes to meet changing requirements. We are glad UPG chose to partner with RedPrairie to support their growth plans." Expansion of Logistics Center To support immediate growth needs, UPG has expanded its leased space at its Carrollton, TX Logistics Center by approximately 70,000 square feet. The Company now occupies the entire building facility, representing a total of approximately 220,000 square feet. About Universal Power Group, Inc. Universal Power Group, Inc. (www.upgi.com) is a leading provider of third-party logistics and supply chain management services and a global distributor of batteries, security products and related portable power products to various industries. UPG's supply chain services include procurement, warehousing, inventory management, distribution, fulfillment, and value-added services such as sourcing, custom battery pack assembly, coordination of battery recycling Battery recycling is an recycling activity that aims to reduce the amount of batteries going into landfills. It is widely promoted by environmentalists who want to lower the presence of heavy metals and other toxic chemicals in the environment. efforts, custom kitting, and product development. UPG's range of product offerings include proprietary brands of industrial and consumer batteries of all chemistries, chargers, related portable power products, 12-volt DC accessories, and security products such as alarm panels, perimeter controls, speakers, sirens, and more. About RedPrairie RedPrairie is a leading consumer driven optimization company. Built on an advanced Service Oriented Architecture (SOA) developed over the past 10 years, the RedPrairie integrated suite of end-to-end (E2e(TM)) solutions offers on-demand capabilities to over 25,000 sites worldwide for many of the world's largest companies. With 22 global service sites and standard service methods that have been validated over the last 30 years, RedPrairie provides unparalleled service and support. Forward-Looking Statements Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the Company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the Company's filings with Securities and Exchange Commission. |
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