Press Releases iGPS Announces Agreement With Cott Corporation
One of the world’s largest beverage companies to ship its products on iGPS’ all-plastic pallet pool with embedded RFID tags
ORLANDO, Fla. – May 12, 2008 – Intelligent Global Pooling Systems (iGPS Company LLC), operator of the world’s first all-plastic pool with embedded RFID tags, announced today that Cott Corporation will begin to ship its popular beverages on iGPS’ innovative pallets.
Cott Corporation is one of many recent companies making the switch to the iGPS pallet. Cott is the world’s largest retailer brand soft drink provider, with business dealings in more than 60 countries. Some of their popular brands include Cott, Vintage, Red Rain, Xingtea, Emerge and FortiFido.
“Cott is committed to innovation, product safety, a safe workplace and efficiency in the supply chain,” said Rick Dobry, President, North America, Cott Corporation. “iGPS’ pallets excel in all these areas. By switching to iGPS we are also demonstrating our commitment to the environment, as iGPS pallets help to reduce deforestation, require less fuel to transport and won’t end up in landfills.”
In just two years, iGPS has revolutionized the way goods are being shipped throughout the US supply chain. Its all-plastic pallet meets all GMA requirements, weighs 30% less than typical multi-use wood pallets, is UL 2335 certified fire-retardant and 100% recyclable.
“We are thrilled by Cott’s decision to switch to iGPS,” said iGPS CEO Bob Moore. “The durability of our pallet and its 100% top deck coverage will significantly reduce damage to cans and bottles that too often result from the shortcomings of multi-use wood pallets.”
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. http://www.pcalp.com
About Cott Corporation
Cott Corporation is one of the world's largest non-alcoholic beverage companies and the world's largest retailer brand soft drink company. The Company commercializes its business in over 60 countries worldwide, with its principal markets being the United States, Canada, the United Kingdom and Mexico. Cott markets or supplies over 200 retailer and licensed brands, and Company-owned brands including Cott, RC, Vintage and Vess. Its products include carbonated soft drinks, sparkling and flavored waters, energy drinks, sports drinks, juices, juice drinks and smoothies, ready-to-drink teas, and other non-carbonated beverages. The Company's website is http://www.cott.com. The brand names and trademarks referenced in this press release are trademarks of Cott Corporation, its affiliated companies, customers, or other third parties.