LUXEMBOURG CITY, LUXEMBOURG--(Marketwired - Nov 1, 2016) - RM2 International SA (AIM: RM2)
Release Date: Nov. 1, 2016
RM2 International S.A.
Pallet Loss Will Be Reduced with RM2 New Innovation
RM2 International, the vertically-integrated innovator in pallet development, management and supply is introducing a proprietary solution to monitor pallets as they move through the supply chain. ELIoT (Electronic Link to the Internet of Things) is a track & trace monitoring device that enhances both pallet and supply chain security and provides actionable information.
"What separates ELIoT from other track & trace technologies is that it's knitted into the fabric of the BLOCKPal™ and it's completely maintenance free," said David Simmons, Chief Technology Officer of RM2. "ELIoT can provide a standalone service or be seamlessly integrated into a customer's operational IT systems."
"ELIoT is entering the market at an opportune time as demand for technological solutions in the supply chain surges," said David Kalan, VP of Marketing and Sales for RM2. "For example, in the US Pharmaceutical Supply Chain Act of 2012, there is a future mandate for the track and trace capability from raw materials to finished goods. This mandate is for both the product and pallet, until ELIoT there was no solution to satisfy this demand. ELIoT increases our client's visibility and provides them with accurate location information throughout the supply chain."
RM2 will introduce ELIoT at Pack Expo International and Pharma Expo in Chicago, IL from Nov. 6 - 9, 2016. RM2 will be located in the East Hall booth 6785 within the Reusable Packaging Association Pavilion.
"The strength, durability and reparability of the BLOCKPal translate into well over a hundred pallet trips. These characteristics combined with ELIoT, makes the RM2 BLOCKPal pallet an affordable and trackable solution comparable to both wood and plastic pallets," said Kalan.
All Pack Expo attendees are invited to RM2's Learning Center Session on "The New Pillar of a Successful Reusable Packaging Program: IoT". The session will be on Nov. 8 from 12:00 pm - 12:45 pm Central Standard Time held on the Reusable Packaging Association Stage located in the East Hall.
RM2 International S.A.
|David KalanSenior Vice-President of Marketing & Business Development
|Strand Hanson Limited (Nominated & Financial Adviser)
||+44 (0) 20 7409 3494
|James Spinney / Ritchie Balmer / James Bellman
|Zeus Capital Limited (Joint Broker)
||+44 (0) 20 3829 5000
|Giles Balleny / Hugh Kingsmill Moore
|RBC Capital Markets (Joint Broker)
||+44 (0) 20 7653 4000
|Tristan Lovegrove / Jonathan Hardy / Ema Jakasovic
Note to Editors
RM2 International S.A. specialises in pallet development, manufacture, supply and management to establish a leading presence in global pallet supply and improve the supply chain of manufacturing and distribution businesses through the effective and efficient use and management of composite pallets. For further information, please visit www.rm2.com