(UPM, Helsinki, November 21, 2007, 11.00) - The world’s first commercial installation of an electronic price label system based on UPM Ella e-paper, has been introduced in the Lahti Euromarket hypermarket. The electronic paper labels were developed and produced by UPM and the solution has been implemented for the retailing company Tradeka by the software company SYSOPENDIGIA.
The electronic price label system has been adopted by the Lahti Euromarket’s fruit and vegetable section. Over a six-month testing period Tradeka will gather experience of the benefits of the system. Based on the experience, the benefits will be evaluated and a decision will be taken as to whether to adopt the system on a broader basis within the Euromarket store chain.
In addition to the UPM Ella Store Labels, the system includes productised cash register integration and management application as well as wireless hand terminals. Electronic price displays are linked directly to the store’s cash register system so that price updates are forwarded to the price displays in real time. Electronic price display information, such as product prices and weigh-in numbers, can be updated automatically, ensuring that they and the cash register always use the correct price.
"Through this system, Tradeka seeks flexibility in product pricing and solutions which make in-store work easier. We have been using the system for some time now and everything has worked smoothly, tells Aulis Anttila, Field Manager for the Euromarket chain of Tradeka.
The visual design of UPM Ella Store Labels fits in well with the store environment and brand elements can be added. UPM’s Corporate Venturing department has supplied the electronic price labels. SYSOPENDIGIA acts as the distributor and integrator of the electronic price labels.
For further information, please contact:
Mr Aulis Anttila, Field Manager for the Euromarket chain, Tradeka, tel. +358 9 733 2639
Mr Petri Anttila, Director, SYSOPENDIGIA, tel. +358 50 560 0223
Ms Jenni Virnes, Product Marketing Manager, UPM, Corporate Venturing, tel. +358 204 16 8115
UPM in brief
UPM is one of the world’s leading forest products groups. The Group's sales in 2006 were EUR 10 billion and it has about 28,000 employees. UPM Corporate Venturing seeks to develop and commercialise new technology-based business ideas and products for UPM. The department’s projects have resulted, for example, in an RFID radio frequency identification tags, wood plastic composite, shelf life guard and electronic paper. www.upm-kymmene.com , www.ellastorelabels.com
SYSOPENDIGIA in brief
SYSOPENDIGIA Plc is a modern, agile software company providing and implementing ICT products, services and technologies for its customers to improve their competitive advantage – solutions for the needs of a transforming world. The company is headquartered in Finland, and employs over 1,100 professionals worldwide. SYSOPENDIGIA is listed on the Nordic Exchange. www.sysopendigia.com
Tradeka in brief
Tradeka Ltd. is Finland’s third largest retailing company and its market leader in neighbourhood stores. With operations based on three national chains, Siwa, Valintalo and Euromarket, Tradeka has 750 retail outlets with a combined net turnover of EUR 1.4 billion. Tradeka’s largest shareholder is international private equity firm, Industri Kapital. www.tradeka.fi