Checkpoint Systems (ticker: CKP, exchange: New York Stock Exchange (.N))
News Release -
Checkpoint Systems Grows RFID Library Market Share; 10 New Customers Opt for Company's RFID Library Solution
THOROFARE, N.J., Aug 19, 2004 (BUSINESS WIRE) -- Checkpoint
Systems, Inc. (NYSE: CKP), the leading provider of radio frequency
identification (RFID) technology to libraries, has continued to expand
its commanding share of the RFID-driven library marketplace with
contracts to install its Intelligent Library System(R) (ILS) in 10
academic and public libraries in nine states. More than 30 years of
technology development has earned Checkpoint the leading position as a
provider of RFID-based solutions to libraries.
Checkpoint's new library partners include the prestigious Berkeley
Public Library in Northern California; Plano Community Library (Ill.);
Chicopee Public Library (Mass.); Redford Township District Library
(Mich.); Salem-South Lyon District Library (Mich.); Port Charlotte
Public Library (Fla.); Lincoln Parish Library (Ruston, La.); City of
Allen Public Library (Texas). Additionally, two academic institutions,
the University of Southern Indiana's David L. Rice Library and the New
York Institute of Technology, have also selected Checkpoint's
Intelligent Library System based on the company's strength in serving
the demanding and specialized needs of university libraries.
"We are happy to have the opportunity to work with such a diverse
collection of libraries," notes Doug Karp, General Manager, ID
Products Group at Checkpoint Systems. "Our newest customers reflect
our ability to understand - and design solutions for - libraries of
all types. Whether they are focused on serving communities at large or
an academic population, Checkpoint's technology enhances service and
value for both librarians and patrons."
About the Intelligent Library System(R)
The Intelligent Library System (ILS) speeds up the materials
checkout process by providing a swift, one-step motion for issuing
materials, simultaneously updating the information in the library's
circulation system and electronically deactivating security. After
installing the ILS, libraries have realized significant operational
improvements by reducing materials handling time by as much as 75%.
The ILS also allows for individual self check-out, enhanced security,
circulation management, and efficient inventory, all integrated into a
The ILS employs a single technology supporting both material
handling and security applications. It functions via a unique RFID
circulation circuit(R) placed on or inside the items. This circuit
operates within its own local area network (LAN) of RFID readers
placed at appropriate locations throughout the library, including the
library entry/exit where it functions as a security alert, triggering
an alarm when books are removed from the library without permission
and recording the specific item's identity. The ILS processes up to 20
items a second, making it the fastest system available for libraries.
Key to the efficiency of the ILS is its Inventory Wand, a
lightweight, handheld sensing unit that facilitates fast and accurate
inventory of the library material. Librarians simply walk down the
stacks, passing the Wand over the books and other items. The ILS
"reads" the circulation circuit in each item, and automatically
updates the library's database as to the existence and location of the
item. In addition to its inventory use, the Wand can also be used for
locating lost items.
The ILS's Patron Self-Checkout Station lets patrons check out
items from the library in a matter of seconds. To do this, they simply
wave their patron card over the unit, place their items on the
self-checkout station, touch the monitor and they're done. A receipt
for the items being checked out is automatically generated by the
system, and the patron can exit the library.
About Checkpoint Systems, Inc.
Checkpoint Systems, Inc., a multinational company, is a pioneer in
the development of RFID technology for libraries and other industries.
Founded in 1967 as a library security company, Checkpoint is the
leading provider of RFID technology to libraries has a leading share
of the RFID library marketplace. Checkpoint is the world's leading
provider of radio frequency- (RF) based shrink management solutions to
the global retail industry, including over half of the world's top 200
largest global retailers. The company, which has a presence in more
than 80 countries, also markets laser and thermal printers and CCTV
systems designed to improve efficiency, reduce costs and provide
value-added solutions for customers across many markets and
industries. For more information, visit www.checkpointlibrary.com.
SOURCE: Checkpoint Systems, Inc.
Checkpoint Systems, Inc.
Glenda Laudisio, 800/257-5540 x 2411
Scott Sunshine / Ed Sweeney, 212/354-5020
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