TraceTracker

TraceTracker

January 30, 2006 14:37 ET

GS1 Lebanon becomes reseller for Global Traceability Network

BEIRUT, LEBANON and OSLO, NORWAY--(CCNMatthews - Jan. 30 2006) - GS1 Lebanon and TraceTracker today announced a technology and market cooperation. GS1's supply and demand chain standards, and The Global Traceability Network (GTNet) are combined to form a total traceability solution enabling a rapidly deployable, practical solution for traceability.

"This is a great package to help Lebanese businesses, secure their food export to important markets like EU and US," says Sabah Corm, Director of Marketing at GS1 Lebanon.

By combining TraceTracker's globally recognized traceability software, with GS1's proven supply and demand chain standards, this cooperation will offer a completely new and comprehensive solution. It will make it simple and very cost effective for Lebanese companies, to provide traceability to their business partners. This solution will be managed by GS1 Lebanon with support from TraceTracker.

"We are very pleased with this new page in our relationship with GS1. It is a great opportunity for the customer to get the best from two leaders in their respective categories," says Ole-Henning Fredriksen CEO of TraceTracker.

TraceTracker has demonstrated the ability to track movements and information regarding ingredients, products and logistical units. TraceTracker's solutions are proven within complex international value chains, such as Norwegian salmon.

BASF, (NYSE: BF), the largest chemical company in the world is a strong supporter of TraceTracker. Their Fine Chemicals division use the TraceTracker global traceability solution to accurately trace their vitamins and food/feed additives across the value chain.

GS1's supply and demand chain standards capabilities complement those of TraceTracker. GS1 Lebanon will focus on the implementation of GS1 standards in the supply chain to ensure interoperability and security in a global Supply chain, while TraceTracker focuses on the platform and the technical service and support to make the information available. Partnering with TraceTracker was a result of many months of search to identify one unique solution platform valid for different markets. This will allow Lebanese businesses to focus on their processes advances and improvements instead of focusing on technology improvement that is just a tool for them and not an aim.

Several pilot projects are planned for the 2006. GS1 Lebanon is collaborating with the Local Food Industry Association and the Association of Lebanese Industrialists (ALI) to identify the pilots to be processed.

About TraceTracker

TraceTracker Innovation AS was founded in 2000 and is the world's leading software provider for global traceability solutions. In markets where food safety and consumer confidence are becoming ever more important, TraceTracker offers the Global Traceability Network (GTNet) - an online, decentralized exchange of traceability information between independent players along the entire value chains. Connectivity to GTNet enables the food industry to comply with international traceability demands and to make traceability a competitive advantage leaving the consumer with every reason to trust the food he or she eats.

TraceTracker has been chosen as the backbone information system in two major current EU traceability projects "Trace" involving BASF and fish feed & farming companies and "Seafood Plus".

TraceTracker is in close cooperation with GS1 to ensure compliance with existing barcode and RFID standards, and is an active member of the EPC Global Network Community.

TraceTracker with headquarter in Heddesheim, Germany, has regional offices in Milan, San Francisco, Singapore, Tokyo and Toronto. For more information, visit: www.tracetracker.com.

About GS1 and GS1 Lebanon

GS1: THE GLOBAL LANGUAGE OF BUSINESS. GS1 is an organisation dedicated to improving the efficiency and visibility of supply and demand chains, globally and across sectors.

The GS1 diversified portfolio of products, solutions and technologies includes the GS1 System of standards (the most widely used standards system in the world) as well as GS1 BarCodes, GS1 eCom, GS1 GDSN, EPCglobal and Traceability. GS1 also offers a wide range of services, including training, certification, technical support, and implementation advice.

GS1 operates in more than 20 industries and sectors in 101 countries, and addresses all aspects of the supply chain, enabling a million companies of all sizes to execute more than five billion transactions a day.

Formed in 2004 from the joining together of EAN International and the Uniform Code Council, Inc (UCC), GS1 is truly global, with Headquarters in Brussels (Belgium) and Princeton, New Jersey (USA). For more information, visit www.gs1.org.

GS1 Lebanon is the Lebanese authority for the worldwide GS1 System. GS1 Lebanon introduces, promotes, implements and supports the effective use of GS1 Standards in Lebanon's supply chains. Because GS1 Lebanon knows members' needs, it ensures these standards are accessible and affordable to the widest range of Lebanese companies, from the very largest to the very smallest.

During the past years, GS1 Lebanon has been the driver of remarkable implementation progress in the supply chain field, thereby stimulating the need of the market for several business solution to be built on top of barcodes. Since early 2005 and after the EU Sunrise, GS1 Lebanon is encouraging and supporting traceability projects for local, regional and international exports. For more information, visit www.gs1lb.org.

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