PowerID Used by DHL Solutions in Large-Scale Pilot Project for Inventory and Pallet Tracking

Mr. Gidy Weisglass brings more than 20 years of sales experience in high-tech companies. Prior to joining Power Paper, Mr. Weisglass served as VP of Sales, Europe of Crystal Systems Solutions Ltd. (Nasdaq:CRYS) and was responsible for the operations of the European office in the Netherlands. At Crystal, he was instrumental in creating strategic partnerships with IBM, Cap Gemini, CMG, Logica and T-Systems, and increasing sales to $20 million in three years. Prior to joining Crystal, Mr. Weisglass served as VP of Sales, Europe at E-Sim (Nasdaq:ESIM), a leading provider of simulation software development technologies for embedded products, where he achieved over 300% accumulated sales growth between the years 1996 to 1998. Prior to that, he was one of the founders of Formula Computer Technologies, a software product division of the Formula Group, which spun off to become a separate company and later became a publicly traded entity. Mr. Weisglass holds a B.Sc. in math and computer science from Tel Aviv University and served in the IDF Technology Unit as a chief programmer.

PowerID is a division of Power Paper Ltd., a leading provider of micro-power source technology and devices that are based on its patented, ultra-thin and flexible, environment friendly energy cells.

PowerID develops high performance RFID label systems based on a new generation of label transponders: battery-powered labels. The incorporation of the Power Paper battery into a thin and flexible, printable RFID label enables unprecedented visibility, reliability and superior performance for supply chain management, fixed asset tracking and manufacturing environments, among other applications, even in tough RF environments that include liquids, metals and foils.

The company's first offering is the PowerID System, a solution containing UHF-based battery-assisted, backscatter labels and readers. The PowerID System targets the tracking of high value assets -- including crate and pallet tracking, fixed asset tracking and work-in-process tracking -- in challenging environments.