Science & Technology
Science and Technology
Science and Technology 
Fri, March 18, 2011
Thu, March 17, 2011
IPICO INC. REPORTS COURT APPROVAL OF PROPOSAL TO RESTRUCTURE
BURLINGTON, ON, March 17 /CNW/ - IPICO Inc. (TSXV:RFD) ("IPICO" or the "Company") reported today that the Ontario Superior Court of Justice has approved IPICO's proposal under the Bankruptcy and Insolvency Act (Canada) referred to in the Company's news release of February 18, 2011. The Court authorized the implementation of that proposal, and in particular the filing of articles of reorganization which, when filed, will result in the redemption and cancellation of all of IPICO's outstanding common shares and Class A Preferred shares without any payment or compensation to the holders of those shares. Upon implementation of the proposal IPICO will continue to carry on business as a wholly owned subsidiary of Trilon Bancorp Inc., an affiliate of Brookfield Asset Management Inc.
ABOUT IPICO Inc. IPICO Inc. is an RFID solution supplier with operations in Canada, USA, South Africa, Europe, and Asia. IPICO produces smart labels, tags and readers based on the IP-X communication protocol. Its products are designed to conform to regulatory requirements in most major geographical regions, to excel at long read range, fast multi-read anti-collision and high thrubeam read-speeds of dynamic tag populations, and to allow for multi-reader rollout in close proximity. IPICO's products are used to optimize the management of products, equipment, people, animals and processes within the logistics and other value chains. For further information, go to [ www.ipico.com ].
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