New Simplified Audit Procedure a Result of Avery Dennison's Strict
End-to-End Tracking Processes
WESTBOROUGH, Mass.--(BUSINESS WIRE)--Apr. 22, 2014--
Avery
Dennison Retail Branding and Information Solutions (RBIS), the
world’s leading provider of RFID-based inventory management solutions
for apparel, announced today further details of its ability to meet the
requirements of the licensing agreement with Round Rock Research, LLC
for radio frequency identification (RFID) tags, labels, and readers.
This agreement, signed in December2013, is designed to help US based
apparel retailers and brands implement item level RFID. Round Rock
Research, LLC has confirmed that Avery Dennison provides strict
end-to-end tracking of its RFID products, thereby alleviating Round Rock
licensing audit requirements.
"We have reviewed Avery Dennison's ability to track RFID tags and labels
and consider the end to end visibility provided through their service
bureaus and other customer based solutions sufficient to allow end users
to meet audit and certification requirements necessary under Round
Rock’s licensing program to confirm that RFID tags are licensed," said
Jim Burris, vice president of licensing, Round Rock Research, LLC.
“This license agreement, which encompasses a simplified audit process,
reduces time, energy, and risk for US based Apparel Retailers and Brands
who use Avery Dennison RFID inlays,” said Shawn Neville, president of
Avery Dennison RBIS. “We will continue to invest in market leading
solutions, products, and global manufacturing and services support to
help our customers achieve dramatically improved inventory accuracy and
visibility with RFID enabled solutions.”
Avery Dennison's Retail Branding and Information Solutions business
(RBIS) is the global leader in RFID-enabled solutions for the apparel
and retail industry with more than 800 patents and applications, global
manufacturing capabilities that have produced over 4 billion RFID tags
and labels, and an industry-leading solution development team that
supports retailers and brands from business case development to complete
solution roll-out.
About Avery Dennison RBIS
Avery Dennison RBIS, a global leader in apparel and footwear industry
solutions, is a $1.6 billion division of Avery Dennison (NYSE: AVY).
Avery Dennison RBIS provides intelligent creative and sustainable
solutions that elevate brands and accelerate performance throughout the
global retail supply chain. We elevate brands through graphic tickets,
tags and labels, embellishments and packaging solutions that enhance
consumer appeal. We accelerate performance through RFID enabled
inventory and loss prevention solutions, price management, global
compliance, and brand security solutions. Based in Westborough,
Massachusetts, Avery Dennison RBIS responsibly serves the global
marketplace with operations in 115 locations, 50 countries, across 6
continents. For more information, visit www.rbis.averydennison.com.
About Avery Dennison
Avery Dennison (NYSE:AVY) is a global leader in labeling and packaging
materials and solutions. The company’s applications and technologies are
an integral part of products used in every major market and industry.
With operations in more than 50 countries and 26,000 employees
worldwide, Avery Dennison serves customers with insights and innovations
that help make brands more inspiring and the world more intelligent.
Headquartered in Glendale, California, the company reported sales from
continuing operations of $6.1 billion in 2013. Learn more at www.averydennison.com.
Source: Avery Dennison
Avery Dennison RBIS:
Racepoint Global
Nate Towne, 617-624-3219
781-392-5445
ntowne@racepointglobal.com
or
Avery
Dennison:
David Frail, 626-304-2014
626-298-5902
david.frail@averydennison.com
or
Investor
Relations:
Eric M. Leeds, 626-304-2029
investorcom@averydennison.com