Contact Information: Jamie Kress Vue Technology, Inc. 440.543.3486 jkress@vuetechnology.com Jane Carpenter Lois Paul & Partners 781.782.5740 Jane_Carpenter@lpp.com
Former Nordstrom Director, Charles Lynch, Joins Vue Technology's Advisory Board; Further Strengthening Retail Expertise and Cross Industry Expertise
Joins Item-Level RFID Leader as Company Builds Momentum With Breakthrough Solutions, New Pilots in Retail and Pharmaceuticals
| Source: Vue Technology, Inc.
LAKE FOREST, CA -- (MARKET WIRE) -- February 13, 2007 -- Vue Technology, Inc., the leading provider
of item-level RFID networking solutions, today announced the appointment of
Charles A. Lynch, current chairman of Market Value Partners Company, as Vue
Technology's newest advisory board member. Lynch joins the company with
diverse management expertise in specialty retail areas including apparel
and footwear and draws upon an impressive career during which he served at
the helm of major corporations in transportation, hospitality,
manufacturing and distribution. This board appointment comes on the heels
of Vue Technology's recent introduction of a breakthrough UHF solution for
item level tracking in the retail pharmacy and the closing of several new
pilots across multiple retail segments including apparel, footwear,
electronics and pharmaceuticals.
"Charlie joins our board at a time when RFID technology is on the cusp of
becoming the next ubiquitous technology, making a significant impact across
virtually every major industry," noted Robert Locke, CEO of Vue Technology.
"His vast leadership experience provides him with keen insight into the
inner working of so many different markets at a time when Vue Technology is
experiencing tremendous success with its item level networking solutions.
We are looking to Charlie to help guide us as we continue to strengthen our
offerings in retail and pharmacy and map out our strategic direction for
the coming year."
In addition to serving on Vue's board, Lynch is currently chairman of
Market Value Partners Company, a management, mentor, and/or advisor
resource for existing and emerging businesses where he has had
responsibility for 70-plus companies, mainly in consumer related businesses
such as specialty retail, manufacturing, distribution, transportation, and
hospitality. The former chairman and CEO of Saga Corporation, Lynch has
served as a director at more than 20 major corporations including
Nordstrom, Inc., Pacific Life Insurance Company, Southern Pacific
Transportation Company, KaiserTech, Kaiser Aluminum and Chemical
Corporation, Consolidated Freightways, Industrial Indemnity, Crocker
National Corporation and Crocker National Bank, John Blair & Company,
Syntex Corporation, Mid-Peninsula Bank, Hexcel Corporation, DHL Airways,
Inc., W. R. Grace & Co. and Greyhound Lines, Inc.
"I am pleased to join Vue Technology's board of directors at a time when
there is so much excitement and buzz around the newest implementations of
RFID technology," commented Lynch. "While many companies are jumping into
the game now, Vue Technology pioneered RFID networking technology and is
truly unique in offering a third generation product based on feedback from
successful pilots with some of the retail industry's biggest players. I
look forward to contributing to the continued success of Vue Technology and
watching as the retail industry moves toward widespread adoption of item
level RFID."
About Vue Technology
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™ 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.
With its patent-pending RF Networking devices and UHF enabled VUEPointsTM,
Vue allows standard readers to network across thousands of antennas,
exponentially increasing the number of zones that readers can support and
dramatically reducing the cost barriers previously associated with
item-level RFID roll-outs. Combined with an integrated software suite for
device and network management, EPC commissioning, and RFID workflows, the
TrueVUE™ RFID Platform is uniquely able to deliver significant and
measurable ROI to its customers. For more information, visit
www.vuetechnology.com.