Vue Technology's In-Store RFID Technology Enhances Inventory Control for
Retailers
PEMBROKE, Bermuda, Oct. 7 /PRNewswire-FirstCall/ -- Tyco International
Ltd. (NYSE: TYC; BSX: TYC) today announced the acquisition of Vue
Technology, Inc., a leading provider of radio frequency identification
(RFID) technology, for approximately $43 million in a move to strengthen
the technology portfolio offered to retailers through its Sensormatic
business. Privately-held Vue Technology's item-level RFID technology
provides retailers with greater inventory visibility and accuracy by
tracking individual items throughout the supply chain from manufacturing
facilities to retail locations.
"The acquisition of Vue Technology marks the next phase of
Sensormatic's strategy for providing layered technology at the retail
selling floor," said Scott Clements, Vice President of Sensormatic
Solutions. "The complimentary products, software and services offered by
Vue Technology will provide Sensormatic and ADT the most comprehensive
solution set to maximize retail store operations."
"For the past six years, Vue Technology has focused on providing
retailers with scalable, reliable and ROI-driven RFID solutions," said
Robert Locke, Chief Executive Officer of Vue Technology. "By bridging the
gap between the sales floor and the stockroom, this transaction will help
to accelerate the adoption of RFID technology to more efficiently manage
in-store operations and enhance the overall customer shopping experience."
Sensormatic, part of Tyco International, is the industry leading
provider of retail loss prevention solutions. The Sensormatic solutions
portfolio is sold through ADT and Tyco partners around the world.
ABOUT TYCO INTERNATIONAL
Tyco International (NYSE: TYC) is a diversified, global company that
provides vital products and services to customers in more than 60
countries. Tyco is a leading provider of security products and services,
fire protection and detection products and services, valves and controls,
and other industrial products. Tyco had 2007 revenue of more than $18
billion and has 110,000 employees worldwide. More information on Tyco can
be found at http://www.tyco.com.
ABOUT VUE TECHNOLOGY
Privately-held Vue Technology is the leading provider of item-level
RFID solutions, offering breakthrough RFID infrastructure components and a
powerful software suite that delivers the most scalable, reliable, and
ROI-driven RFID solutions on the market. Vue's TrueVUE(TM) RFID Platform
provides the industry's only unified RFID infrastructure that allows
customers to manage dock doors, portals, mobile devices, smart surfaces and
smart shelves to achieve RFID visibility down to the item-level.
SOURCE Tyco International Ltd.
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Related links:
http://www.tyco.com
CONTACT:
Media: Paul Fitzhenry, +1-609-720-4261, or
Investor Relations: Ed Arditte, +1-609-720-4621, or Antonella
Franzen, +1-609-720-4665, all for Tyco International
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