IPICO to Supply Foldable Returnable Packaging Management Solutions

    BURLINGTON, today announced
that it has received an order from CHEP Australia for 480,000 tags and reader
    infrastructure for IPICO's passive Dual Frequency RFID technology to be
integrated in CHEP's new, managed, foldable, returnable packaging (FRPCs)
solutions across New Zealand. This countrywide deployment will involve three
    service centres across New Zealand's two islands and kicks off the largest
deployment of IPICO's passive Dual Frequency RFID to date.
    This order follows the initial agreement signed last year for the trial
    and customisation of IPICO's passive Dual Frequency RFID tags, which involved
rigorous testing of the technology and its form factor as well as
demonstrating "fit for purpose" compliance in CHEP's managed returnable
    packaging solutions applications (see IPICO news release of Nov. 23, 2007.)
    IPICO has spent almost a year of thoroughly testing its technology in the
extreme environment that is the norm for handling produce, and has
    demonstrated to CHEP the suitability of its platform for this application.
    "This is one more important win for IPICO that proves the power and
reliability of our passive, dual frequency technology as well as our team's
    ability to meet and beat the specific "fit for purpose" demands of our
customers," said Gordon Westwater, President and CEO, IPICO. "In this case,
that meant deploying our tag and reader infrastructure to enable a workable
    industry solution in a challenging environment involving both moisture and
metal. In other words, we are providing one of the world's largest returnable
package solutions providers with unique products that work in the real world
    for what we are confident will prove to be a measurable benefit to their
bottom line."

    ABOUT IPICO Inc.: IPICO Inc. is an RFID solution supplier with operations
in Canada, USA, South Africa, Europe, Asia and Australia. IPICO produces smart
    labels and tags based on the IP-X communication protocol. IPICO's low
interference readers are designed to meet regulatory requirements in many
major markets, and allow for multi-reader rollout in close proximity. IPICO's
    low cost RFID products excel at long read range, fast multi-read
anti-collision and high thru-beam read-speeds of dynamic tag populations.
These products are used to optimize the management of items, people, animals
    and processes within the logistic supply chain and other value chains. For
further information, go to www.ipico.com.

    This news release contains certain forward-looking statements pertaining
    to future anticipated projected plans, performance and developments, as well
as other statements relating to future operations and results, including,
without limitation, statements as to sales forecasts and required minimum
    future revenues. Any statements in this news release that are not statements
of historical fact may be considered to be forward-looking statements. Written
words such as "may", "will", "expect", "believe", "anticipate", "estimate",
    "intends", "goal", "objective", "seek", "attempt", "suggest" or variations of
these or similar words, identify forward-looking statements. These statements
    by their nature are estimates of future results only. Actual results could
differ materially from those contained in the forward-looking statements and
are based on current expectations that involve substantial risks and
    uncertainties, including but not limited to the failure to meet market growth,
order volume, delivery commitment or minimum revenue expectations, political
intervention, and those other risks and uncertainties detailed from time to
    time in IPICO's periodic reports filed on SEDAR (www.sedar.com).

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