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Allumis Inc. Receives $10,000 Cash Prize, Introduction to Select Members of the Venture Capital Community, and Recognition at EPCglobal US Conference
MOUNTAIN VIEW, CA. – September 14, 2005 - VeriSign, Inc. (Nasdaq: VRSN), the leading provider of intelligent infrastructure services for the Internet and telecommunications networks, today announced that Allumis Inc. was named the winner of the Electronic Product Code (EPC) Application Developer’s Contest sponsored by VeriSign to advance the use of RFID technology and improve global supply chain efficiency.
Allumis developed a Web-based application that improves shipping and tracking processes by alerting companies when a product is being shipped from one party to another at any phase in the supply chain. Allumis provides companies that have already invested in RFID readers and tag infrastructure with a return on that infrastructure investment by providing them with an affordable, easy-to-use, early warning and communications tracking system.
Today’s supply chain is complex and increasingly distributed, creating challenges around lost, late, damaged, counterfeited and stolen goods in the supply chain. Many companies are looking to improved visibility of product movement through RFID to address these issues.
The Allumis application effectively utilizes receiving and shipping events data generated from RFID to keep track of the location of products and automatically alert all affected supply-chain partners if an exception has occurred in the shipping process. By integrating with EPC Information Systems, the EPC Discovery Service, and the Object Naming Service, the Allumis system provides compliance with current standards and greater efficiencies in shipping and receiving. Allumis’s application provides labor savings through shipping and receiving efficiencies and increased service levels to customers all through a low-cost, hosted solution
The panel of four contest judges was made up of Lori Bigler, manager, Business Technology Standards, The J.M. Smucker Company; Byron Deeter, principal, Bessemer Venture Partners; Ann Grackin, chief executive office, ChainLink Research; and Bernie Hogan, chief technology officer, Uniform Code Council.
The Electronic Product Code (EPC) and radio frequency identification (RFID) are being deployed for the automation of product identification within the supply chain. Just as email and the browser were key drivers for Internet usage, new applications will drive innovative uses of these technologies to enable the next-generation supply chain. VeriSign created the EPC Application Developers Contest to highlight the best emerging ideas that use EPC data to solve real-world business challenges.
About Allumis
Based in Toronto, Canada, Allumis Inc. provides logistics, tracking
applications and information solutions to the freight brokerage industry
to help improve supply chain processes. For further information, please
visit www.allumis.com.
About VeriSign
VeriSign, Inc. (Nasdaq: VRSN), operates intelligent infrastructure services
that enable and protect interactions across voice and data networks-anytime,
from anywhere on multiple devices. Additional news and information about
the company is available at http://www.verisign.com/
For more information, contact:
VeriSign Media Relations: Patrick Burns, pburns@verisign.com,
703-948-4471
VeriSign Investor Relations: Tom McCallum, tmccallum@verisign.com,
650-426-3744
Statements in this announcement other than historical data and information constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause VeriSign's actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, the uncertainty of future revenue and profitability and potential fluctuations in quarterly operating results due to such factors as the inability of VeriSign to successfully develop and market new products and services and customer acceptance of any new products or services, the possibility that VeriSign’s announced new services may not result in additional customers, profits or revenues; and increased competition and pricing pressures. More information about potential factors that could affect the company's business and financial results is included in VeriSign's filings with the Securities and Exchange Commission, including in the company's Annual Report on Form 10-K for the year ended December 31, 2004 and quarterly reports on Form 10-Q. VeriSign undertakes no obligation to update any of the forward-looking statements after the date of this press release.
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