MEDIA RELEASE PR35054
iGPS Responds to Inaccurate and Misleading Information Published by Australian Financial Review
ORLANDO, Fla., June 17 /PRNewswire-AsiaNet/ --
Intelligent Global Pooling Systems (iGPS Company LLC), operator of the world's first all-plastic pallet rental
service with embedded RFID (radio frequency identification) tags, today issued the following letter to the
Australian Financial Review to correct misleading and inaccurate information the paper has recently published
relating to iGPS.
Gentlemen:
iGPS would like to clarify inaccuracies and misleading statements recently published by the Australian
Financial Review that relate to iGPS. Rather than respond to the various articles that repeat the same
inaccuracies, iGPS herein responds to all of them.
1. There have been no discussions between iGPS and Brambles at any time
regarding a purchase or sale. In fact, iGPS is not for sale.
2. Contrary to Brambles' allegations, iGPS is well capitalized and is
backed by two prestigious private equity firms.
3. Since iGPS' inception three years ago, CHEP (and now Brambles as well)
has engaged in an ongoing campaign of defamation, misrepresentation and
coercion-even theft of our pallets-in an effort to thwart iGPS and divert attention from the obvious
deficiencies of CHEP's offerings
(See: iGPS Company LLC vs. CHEP USA - Case No.2009-CA-009520-O, filed
in the Circuit Court for the Ninth Judicial Circuit, Orange County, Florida, U.S., where CHEP "admits to
liability for converting" iGPS pallets). Brambles' allegations contained in the most recent article
in your publication are simply the latest chapter.
4. You have reported that Brambles alleges that decabromine, the fire
retardant encapsulated in our pallet, is a "suspected carcinogen." This is false. In fact, no authoritative
governmental public health,
environmental or regulatory agency in the world classifies decabromine
as a known or suspected carcinogen.
5. You have referenced alleged banning of decabromine in Europe. This is
false as well. The European Risk Assessment conducted a ten-year
investigation in which it evaluated over 1,000 studies and concluded that there was no need for
additional risk reduction measures related
to the use of decabromine. Moreover, in the US no state prohibits the
use of decabromine in pallets.
6. You report that the US Food and Drug Administration could have issues
with decabromine relating to its use in the food industry. This, too,
is inaccurate. First, no transfer of decabromine takes place to the food products that are shipped or
stored on our pallets. Furthermore,
the solubility of decabromine is well below any level that would
require FDA certification.
Rather than attack our pallet, which is the safest and greenest in the
world, CHEP would be well served to focus its energy on the safety issues
inherent in its composite block pallets. Your readers would be well served to
know that CHEP's composite block pallet contains "engineered wood" which is
bound together with adhesives containing formaldehyde, a substance that,
unlike decabromine, is universally classified as a "suspected" or "known"
carcinogen. Moreover, the inherent porosity of wood creates a breeding ground
for bacteria at a time when food safety is of particular concern in the US.
Your readers should also know that iGPS has on numerous occasions
challenged CHEP to an independent side-by-side comparison of our respective
pallets. This is one issue on which CHEP has remained absolutely silent.
Nonetheless, iGPS again invites CHEP to accept our challenge.
It is our hope that we can now disengage from the public tit-for-tat
campaign that Brambles has instigated and instead engage each other in a more
constructive forum-in the marketplace, where it really matters.
Sincerely,
James E. Anderson
General Counsel
About iGPS
iGPS is the world's first company to provide manufacturers and retailers
with an all-plastic pallet pool with embedded RFID-tags. iGPS'
state-of-the-art pallets are 30 percent lighter than wood, which saves on
transport costs, are easier to handle and eliminate protruding nails and
splinters that cause workplace injuries, damaged goods 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
SOURCE: Intelligent Global Pooling Systems
CONTACT: David McNamee,
of MWW Group for Intelligent Global Pooling Systems,
+1-646-215-6898
NEWS 
