Checkpoint Systems (ticker: CKP, exchange: New York Stock Exchange (.N))
News Release -
Checkpoint Systems and Sealed Air Cryovac Present the First Integrated and Automated Anti-Theft Label and Source Tagging System for Direct Contact with Fresh Food Products
The combination of Checkpoint's Food-Safe EAS labels, certified
for direct contact with food, and Sealed Air Cryovac(R) Smartpak(R)
vacuum shrink bags, will allow retailers to reduce inventory shrinkage
of cheese and fresh products.
THOROFARE, N.J.--(BUSINESS WIRE)--May 21, 2008--Checkpoint Systems
(NYSE: CKP), a leading manufacturer and marketer of identification,
tracking, security and merchandising solutions to the retail industry
and its supply chain, and Sealed Air Cryovac, a leading global
manufacturer of a wide range of food and protective packaging
materials and systems, announce the launch of an innovative anti-theft
tagging solution for food products. The solution targets frequently
stolen products such as cheese. In particular, Cryovac is using the
system to protect supplies of Parmigiano Reggiano and Grana Padano.
"The Global Theft Barometer has highlighted an increased amount of
theft of certain food products," notes Rob van der Merwe, President
and CEO of Checkpoint Systems, Inc. "In Italy, for instance,
Parmigiano Reggiano has a shrink rate of about 9 percent. The
combination of the Checkpoint and Cryovac solution is a good example
to combat grocery shrinkage."
Checkpoint's collaboration with Sealed Air Cryovac in Italy began
in early 2007. The companies initiated a label and source tagging
program designed to protect food, such as meat and dairy products.
Checkpoint's research and development laboratories produced the first
RF-EAS Food-Safe label - the only label to date that has received
European authorization and ISEGA certification, for direct contact
with dry, moist and fatty food products. The distinctive feature of
the label is its conformity with European health and safety
legislation to control the direct contact with fresh and dry
foodstuffs; the label also meets all FDA guidelines for direct food
contact. The label complies with Checkpoint's standards for
deactivation and detection by EAS systems.
The Food-Safe label enables the fresh food sector to gain all the
benefits of source tagging. These include time savings due to the
elimination of manual label applications.
Sealed Air Cryovac, known for continuous technological research
that has made the company a global leader in packaging, then set up a
manufacturing system to integrate Checkpoint's Food-Safe anti-theft
label inside its Cryovac(R) vacuum shrink bags. The integration makes
it difficult to tamper with product packaging and defeat the
The first tests were conducted with Parmigiano Reggiano in Italy
for a six-month period to determine the effectiveness of Checkpoint's
label source tagged and integrated into Cryovac(R) vacuum shrink bags.
The first market request to Sealed Air Cryovac was for two million
packs for the protection of Parmigiano Reggiano alone. However, the
system is expected in the near future to be applied to other types of
'softer' cheeses and to packaged cold meats. These products represent
a significant percentage of those displayed in supermarkets'
refrigerated food cabinets. They are also significant in terms of both
sales and inventory shrinkage. Initial studies have shown that this
RF-EAS source tagging program may cut down inventory shrinkage of
dairy products from 9 percent to 1 percent.
"This integrated solution for the source tagging of food products
that we have developed with Cryovac puts Checkpoint on the
cutting-edge of source tagging solutions to fulfil requirements of
both major retailers and producers of foodstuffs that are difficult to
preserve," notes van der Merwe.
"Sealed Air Cryovac is a solutions provider offering value added
products and systems to the entire food supply chain. With the RF
technology provided by Checkpoint, we are able to help our customers
and retailers to further improve their bottom lines by reducing the
in-store theft of items such as Parmigiano Reggiano cheese. There are
more opportunities with this technology in the fresh food segment,"
said Mr. Gerd Wichmann, Marketing Director EMEA, Cryovac Packaging.
About Checkpoint Systems Inc.
Checkpoint Systems Inc. is a world leading provider of product
identification and inventory shrinkage management solutions for the
retail sector and related supply chain. Checkpoint services aim at
increasing its customers' sales and at safeguarding their profits.
Checkpoint is traded on the New York Stock Exchange and operates in
all geographical markets with 3900 employees across the globe. The
company specializes in source tagging of consumer goods and in RF EAS
(Electronic Article Surveillance), RFID (Radio Frequency
Identification) and merchandising solutions.
ABOUT Sealed Air Cryovac
Cryovac(R) and Smartpak(R) are registered trademarks of Cryovac
Inc., a subsidiary of Sealed Air Corporation.
Cryovac Packaging and Cryovac Food Solutions are business units of
Sealed Air and global leaders in innovative flexible and rigid
packaging materials, systems and services for a wide range of food
With more than 3,000 employees throughout the region, Sealed Air
Cryovac in Europe, the Middle-East and Africa (EMEA) operates
manufacturing facilities in France (Arc-en-Barrois and Epernon),
Germany (Norderstedt), the UK (St. Neots and Poole), Italy (Passirana
di Rho), Spain (Bunol), Russia (Volgograd), Poland (Ozarow), Hungary
(Ujhartyan), South Africa (Spartan) and Botswana (Lobatse). Also
located at the Italian site is the Sealed Air Cryovac EMEA Packaging
Technical Center. The EMEA Customer Systems Center is located in Root,
Switzerland. Packforum(R), Sealed Air Cryovac EMEA's permanent
customer care center, is located at Roissy Charles de Gaulle near
Sealed Air is dedicated to permanently improving its environmental
performance and strives for safety and environmental excellence, while
also ensuring that plastic food packaging is more efficient than ever.
The company is actively engaged in source reduction and total material
utilisation through recycling or reuse of industrial scrap, otherwise
energy recovery through appropriate incineration.
The Sealed Air EMEA website can be found on
CONTACT: Checkpoint Systems, Inc.
Jennifer Henry, 856-251-2150
Spectrum Marketing & Communications
Bob Basmadjian, 908-823-9400
SOURCE: Checkpoint Systems Inc.