iGPS announces supply agreement with Schoeller Arca Systems to produce up to 30 million pallets in the next five years

Intelligent Global Pooling Systems (iGPS Company LLC), operator of the world's first RFID-tagged all-plastic pallet pool, announced today that due to high demand for the iGPS pallet, it has signed a new long-term preferred supplier agreement with Netherlands-based Schoeller Arca Systems, the global leader in plastic packaging systems for materials handling, to manufacture 30 million pallets for the company over the next five years.

"As the world's leading manufacturer of plastic returnable pallets for materials handling, Schoeller Arca Systems has been an ideal strategic partner to manufacture our state-of-the-art pallets," said Bob Moore, chief executive officer of iGPS.  "Because the marketplace has responded so enthusiastically to our offering, we have commissioned Schoeller Arca to produce a record number of pallets so that we can continue to provide quality service to new and existing customers. This is truly a watershed moment for our company as it validates the demand the supply chain has for our service."

The pallets will be manufactured in a new high-tech and fully automated manufacturing plant located in Springfield, MO with more new plants to be opened in the coming years. The new contract will make iGPS one of the largest pooler of pallets (wood or plastic) within the next five years and will enable iGPS to respond to demand from all industries-including beverages, grocery/consumer packaged goods, produce/meat and raw ingredients. The advantages of iGPS' plastic pallets include their greater durability, safety, light weight, consistent size, shape and quality, superior hygiene and traceability. The iGPS pallet also meets or exceeds all Grocery Manufacturers Association (GMA) requirements and is FM Global 4996 and UL 2335 certified fire retardant.

"iGPS has revolutionized the supply chain with a unique pallet and pooling system," said Ludo Gielen, Director of Sales and Marketing  of Schoeller Arca Systems. "iGPS offers the best manufactured plastic pallet in the world and we are proud to be a partner in their success."

The iGPS pallet is 30% lighter than the traditional wooden pallet and is 100% recyclable.  A recent life-cycle analysis conducted by Environmental Resource Management (ERM) has confirmed that the iGPS pallet is environmentally superior to its wood counterpart in all aspects. By making the switch to the iGPS pallet, companies significantly reduce greenhouse gas emissions and consumption of diesel fuel as well as reduce the harmful effects of deforestation, a major contributor to global warming.

Specific terms of the agreement were not disclosed.

About iGPS
iGPS is the world's first company to provide manufacturers and retailers with an all-plastic pallet pool with embedded RFID-tags. iGPS's state-of-the-art pallets are 30% lighter than wood, which saves on transport costs, are easier to handle and eliminate protruding nails and splinters that cause workplace injuries and damaged equipment. In addition, embedded RFID tags enable shippers and receivers to track and trace shipments in real time. Launched in March 2006, the company is led by pallet and supply chain veterans with decades of experience. iGPS (www.igps.net) is headquartered in Orlando, FL., with offices in Dallas, New York and Bentonville, Arkansas.

Pegasus Capital Advisors, a private equity fund manager with offices in New York and Cos Cob, CT, retains a majority interest in iGPS. Founded in 1995, Pegasus provides capital to middle market companies across a wide range of industries, with particular focus on businesses that make a meaningful contribution to society by positively affecting the environment, contributing to sustainability and enabling healthy living.

About Schoeller Arca Systems
Operating in over 50 countries, Schoeller Arca Systems provides reliable, high quality plastic packaging systems and services. As an innovative and experienced development partner, they are committed to helping their customers reduce their overall logistics costs and enhancing product branding.  Their systems are used in a broad variety of industry segments including, beverage, automotive, agriculture, retail distribution, postal services and pool providers. Through their own production facilities and selected licensee partners, they are able to combine a global presence with fruitful local partnerships.  Schoeller Arca Systems has over 30 sales and production operations in Europe, Asia, North and South America. It employs 1400 people worldwide and has a turnover of approximately $825 million (U.S.).