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Fujitsu to Install AbsoluteSKY’s RFID Inventory Tracking Systems at Staples Business Depot

Fujitsu Transaction Solutions Inc.

Toronto, ON, May 24, 2007

Fujitsu Transaction Solutions Inc. today announced that Staples Business Depot, Canada’s largest supplier of office supplies, business machines, office furniture and business services, will perform an initial installation of AbsoluteSKY’s (OTC: ABSY) intelliTRACKER™ RFID-based product suite at a Canadian store beginning May 2007.

"This is clearly a significant installation in our inventory management improvement initiative," said Joe Soares, Director, Process Engineering at Staples Business Depot. "We’ve done our homework on RFID and expect a positive ROI and the ability to meaningfully improve inventory visibility and customer service."

During this installation, Staples Business Depot will tag thousands of items that will be dynamically tracked in real-time (at long range), from entering into store inventory, to store shelves, through to completion of the sales transaction. While automatically tracking the inventory, the intelliTRACKER™ software performs a range of functions including: on-hand status and search, automated receiving, inventory status changes, zone differentiation and shrink reduction. In addressing privacy concerns, the RFID tags are not concealed on the items and are re-usable. They are physically detached when the item is sold to the customer at a Staples Business Depot store.

"Staples Business Depot is not only a leader in office supplies, but they are also a leader in applying new technology to improve the retail shopping experience," said Peter Sciberras, general manager and vice president of sales, Canada, Fujitsu Transaction Solutions. "Staples has a clear and practical vision with respect to RFID technology and its potential to reap significant operational benefits in the store environment including better serving their customers."

Fujitsu and AbsoluteSKY formed a strategic relationship during 2006 to respond to the growing need for item-level inventory tracking in the retail industry. Delivering accurate, long-range tracking in real- time, intelliTRACKER™ provides an extensive range of customer benefits that includes: increased inventory turns, virtual elimination of missed sales as a result of out-of-stocks and extensive control over loss prevention.

About STAPLES Business Depot

Founded in Toronto in 1991, The Business Depot Ltd., is Canada's largest supplier of office supplies, business machines, office furniture and business services for the small business and home office customer. The company is an everyday low price retailer. The chain operates stores in all provinces across Canada under the banners STAPLES® Business Depot™ and BUREAU EN GROS™. The company has over 13,500 employees serving customers through more than 280 office superstores, catalogue, and e-commerce. STAPLES® Business Depot™/BUREAU EN GROS™ is committed to making shopping easy by offering customers three ways to shop - online, by catalogue and in-store.
For more information, please see: www.staples.ca

About Staples

Staples, Inc. invented the office superstore concept in 1986 and today is the world's largest office products company. With 74,000 talented associates, the company is committed to making it easy to buy a wide range of office products, including supplies, technology, furniture, and business services. With 2006 sales of $18.2 billion, Staples serves consumers and businesses ranging from home-based businesses to Fortune 500 companies in 22 countries throughout North and South America, Europe and Asia. Headquartered outside of Boston, Staples operates approximately 1,900 office superstores and also serves its customers through mail order catalog, e-commerce and contract businesses.
For more information, please see: www.staples.com

About AbsoluteSKY, Inc.

AbsoluteSKY, Inc. (OTC: ABSY) specializes in the design, development and implementation of Radio Frequency IDentification (RFID) technology that provides real-time item-level inventory tracking for retail customers. Based in Montreal, Canada, the Company’s business model combines strategic, creative and technical skills to deliver solutions that help its clients achieve their business objectives through the use of AbsoluteSKY’s breakthrough technology and extensive knowledge of their business operations.
For more information, please see: www.absoluteSKY.ca

About Fujitsu Transaction Solutions Inc.

Fujitsu Transaction Solutions Inc., a wholly owned subsidiary of Fujitsu Limited (TSE: 6702), collaborates with retailing companies to relentlessly reduce their costs and facilitate consumer interactions that improve their profitability. Fujitsu’s Pervasive Retailing™ approach enables companies to minimize the time, cost and risk of creating interoperability between disparate applications and devices that support a multitude of consumer touch points. Fujitsu’s offering includes solution software, point-of-sale store technology, U-Scan self-checkout systems, self-ordering systems and multi-vendor lifecycle services. Customers include Canadian Tire, Chevron Corporation, Hallmark, Hannaford Bros., H-E-B, Kroger, Loblaws, Nordstrom, Payless ShoeSource, PetSmart, Regal Cinema, Staples, Stop & Shop and The TJX Companies, among others.
For more information, please see: us.fujitsu.com/retailing

Press Contact - FAI

Phone: Phone: 224 545 2705
E-mail: E-mail: victoria.hansen@us.fujitsu.com
Company: Fujitsu America, Inc.

Finn Partners

Phone: Phone: 212 593 5844
E-mail: E-mail: andrew.corcione@finnpartners.com
Company: Finn Partners


CONTACT INFORMATION UPDATED AS OF AUGUST 2014.

Date: May 24, 2007
City: Toronto, ON