Checkpoint Systems Expands Automated Data Collection Capabilities to H

    Business Editors

    THOROFARE, N.J.--(BUSINESS WIRE)--April 27, 2005--Checkpoint Systems, Inc. (NYSE: CKP), the leading provider of radio frequency-based product identification and shrink management solutions for retailers and consumer package goods manufacturers worldwide, has expanded its automated data collection capabilities with the acquisition of three asset protection solutions from Security Source, Inc., a provider of loss prevention solutions to the retail industry.
    According to Checkpoint, the acquisition is not considered a material transaction. Terms were not disclosed.
    The three products acquired by Checkpoint focus on collection, management and reporting services that enable retailers to collect real-time data, then connect it across the entire retail enterprise to help control shrink. The products, DataSource, AuditSource and InsightSource, deliver a range of mission critical functionalities spanning real-time data collection to predictive modeling.

    Below is a brief overview of each solution:

    DataSource

    This product is a third generation data collection solution that automates EAS system management. By utilizing a patented reason identification technique, it allows retailers to understand the performance of the EAS system and LP personnel. Its web-based reporting system provides store, regional and corporate information needed to manage loss prevention systems. Additional functionality, including people counting and service monitoring, is fully integrated with web-based reporting capabilities. This solution is compatible with both Checkpoint and third-party EAS systems.

    AuditSource

    Auditing process compliance is an important management tool for retailers. Using advanced mobile computing and wireless technologies, this product eliminates paper-based auditing systems, automating in-store data collection and reporting. This system enables rapid information flow and reduces administrative burdens through its web-based reporting system.

    InsightSource

    This product is an analytics-based software platform currently in development that connects data from multiple sources to facilitate decision-making. This tool will provide retailers with more information to help them manage store operations and inventory more efficiently.
    These products will be rolled-up and re-branded into Checkpoint's CheckPro Manager (TM) product platform.
    "The acquisition of these technologies is of particular benefit to our retail clients because it enhances their capability to manage and monitor their loss prevention investments and the effectiveness of their staff on an ongoing, real-time basis," said Dave Donnan, President of Checkpoint, North America. "We make sure our clients have the most advanced technology available to help them sell more and lose less."

    About Checkpoint Systems, Inc.

    Checkpoint Systems, Inc., is a multinational manufacturer and marketer of technology-driven solutions for retail security, labeling, and merchandising. Checkpoint is the 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. In addition to its shrink management capabilities, Checkpoint's end-to-end supply chain technology helps apparel and consumer product manufacturers and retailers brand, track and secure goods worldwide. Checkpoint has a presence in more than 80 countries and a global network of more than 25 service bureaus located in the world's apparel manufacturing capitals. Checkpoint's technology solutions include digital RF/EAS and RFID systems, RF source tagging, bar code labeling systems, EAS, handheld labeling systems, and retail merchandising systems. For additional information, visit Checkpoint Systems' web site located at www.checkpointsystems.com.

    Safe Harbor Statement

    This press release may include information that could constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements may involve risk and uncertainties that could cause actual results to differ materially from any future results encompassed within the forward-looking statements. Factors that could cause or contribute to such differences include those matters disclosed in the Company's Security and Exchange Commission filings.

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CONTACT: Checkpoint Systems, Inc. Glenda Laudisio, 800-257-5540, ext. 2411 glenda.laudisio@checkpt.com or TowersGroup Andrew Healy, 212-354-5020 andrewhealy@towerspr.com

KEYWORD: NEW JERSEY INDUSTRY KEYWORD: HARDWARE COMPUTERS/ELECTRONICS RETAIL MANUFACTURING PRODUCT MERGERS/ACQ SOURCE: Checkpoint Systems, Inc.

Copyright Business Wire 2005