Checkpoint Systems Establishes Global Pricing Contract With Major European Hypermarket Chain

Business Wire, May 11, 2000

Business Editors

THOROFARE, N.J.--(BUSINESS WIRE)--May 11, 2000

Checkpoint Systems, Inc. (NYSE: CKP), a leading provider of supply chain management and security solutions worldwide, today announced that it has established a global pricing contract for electronic article surveillance (EAS) technology with Carrefour, a leading France-based hypermarket chain.

Checkpoint, which recently acquired Meto AG, has increased its worldwide EAS market share to 33% and its European share to 43%. Checkpoint offers both radio frequency (RF) and electro-magnetic (EM) technologies to the worldwide retail community.

"Europe continues to be our strongest market, one where we're continuing to pay special attention as we grow our customer base," said Kevin Dowd, President and Chief Executive Officer of Checkpoint. "This EAS global pricing contract with Carrefour is another indication of our expanding European presence."

Headquartered in Paris, Carrefour SA, which recently merged with Promodes, operates more than 9,000 stores throughout the world including 700 hypermarkets and Continent, Pryca and Champion stores. Most of Carrefour's stores are located in Europe and South America.

Checkpoint Systems, Inc. is a $750 million multinational company that manufactures and markets labeling systems designed to improve efficiency, reduce costs and provide value-added label solutions for customers across many markets and industries. Checkpoint is a leading provider of source tagging, barcode labeling systems, EAS, handheld labeling systems, and retail merchandising systems. Applications include automatic identification, retail security, and pricing and promotional labels. Operating in 27 countries, Checkpoint has a global network of subsidiaries and provides professional customer service and technical support around the world. Checkpoint Systems, Inc.'s web site is located at www.checkpointsystems.com.