THOROFARE, N.J. – Nov. 20, 2013 – Checkpoint Systems, Inc., (NYSE:CKP), a leading global supplier of merchandise availability solutions for the retail industry, today announced RFID-based EAS Overhead 2.0, delivering improved inventory visibility and loss prevention benefits at the point-of-exit.
Overhead 2.0 is a key component of an integrated solution delivering real-time inventory and demand-driven replenishment. It serves as an EAS system that alarms and identifies stolen merchandise, improving operations at the point-of-exit while enhancing the customer shopping experience by helping to ensure merchandise availability. The Overhead 2.0 leverages the OneTag™ approach, a single open-standards RFID tag for both inventory visibility and loss prevention, simplifying deployment and reducing tag costs significantly.
Optimized for use by specialty apparel and fashion retailers using RFID for inventory management, Overhead 2.0 is engineered as a standalone exit door solution in new and remodeled stores, or with traditional EAS systems in existing stores as part of a retailer’s RFID adoption strategy. This solution offers high read accuracy through Wirama Radar™, a unique combination of patented hardware and software that ensures unprecedented data integrity; retailers can confidently place tagged items at the front of the store without concern for stray reads causing false alarms.
Overhead 2.0 covers much higher ceilings and wider retail store entrances than the original Overhead solution, making it an even better fit for mall-based specialty retailers and department stores. The hardware is also more compact than previous versions, enabling it to fit in more locations and offering easier installation.
“With this new version of the Overhead, we can leverage RFID-based EAS in our new stores with larger entrances,” noted a senior apparel retail executive. “Now we know what’s leaving the store so we can make sure our shelves are stocked at all times, quantify our shoplifting problem, and respond confidently to alarms according to our store policy.”
“By working closely with our retail partners, we were able to better understand how they planned to use the technology,” said Farrokh Abadi, Checkpoint's president and COO, Merchandise Availability Solutions. “Even as we increased item visibility and coverage for higher and wider store entrances, we also enabled retailers to merchandise hundreds of items closer to the entrance, so that they can make better use of the valuable space in the front of the store and add loss prevention to the inventory management benefits the RFID tag affords.”
Overhead 2.0 is commercially available immediately in North America, in December in Europe, and in January in Asia Pacific. Live demonstrations are available upon request in all regions.
About Checkpoint Systems, Inc.
Checkpoint Systems is a global leader in merchandise availability solutions for the retail industry, encompassing loss prevention and merchandise visibility. Checkpoint provides end-to-end solutions enabling retailers to achieve accurate real-time inventory, accelerate the replenishment cycle, prevent out-of-stocks and reduce theft, thus improving merchandise availability and the shopper’s experience. Checkpoint's solutions are built upon 45 years of radio frequency technology expertise, innovative high-theft and loss-prevention solutions, market-leading RFID hardware, software, and comprehensive labeling capabilities, to brand, secure and track merchandise from source to shelf. Checkpoint's customers benefit from increased sales and profits by implementing merchandise availability solutions, to ensure the right merchandise is available at the right place and time when consumers are ready to buy. Listed on the NYSE (NYSE: CKP), Checkpoint operates in every major geographic market and employs 4700 people worldwide.
