Sky-Trax Partners with GENCO Supply Chain Solutions
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Sky-Trax, Inc. announces its strategic partnership with GENCO Supply Chain Solutions to bring new technologies to the Materials Handling Industry.
New Castle, Delaware, April 17, 2008 Sky-Trax Inc. is proud to announce its partnership with GENCO Supply Chain Solutions. Sky-Trax, a technology company, and GENCO Supply Chain Solutions, North America's 2nd largest and a Global Top 50 third-party logistics provider and recognized leader in Reverse Logistics, combine to form a strategic partnership that brings cutting edge technology and global third-party logistics together. As new strategic partners, Sky-Trax and GENCO Supply Chain Solutions look forward to bringing new and exciting technologies to the materials handling industry.
Mitch Silver, CEO of Sky-Trax explains, "This is a perfect match on many levels. Sky-Trax optical technologies deliver revolutionary accuracy in tracking vehicles and inventory. GENCO Supply Chain Solutions has been long regarded as a leading force in bringing technological advancements into warehouse operations. Their experience and resources are the ideal compliment to our innovation and entrepreneurial spirit. Together we expect to change the way companies look at warehouse operations."
Pete Rector, executive vice president of GENCO Supply Chain Solutions sees Sky-Trax as a way to keep his company in the front of their industry by being a first adopter of Sky-Trax's revolutionary technology. "GENCO continually looks for technologies that help our customers improve their competitive edge," said Pete Rector. "Sky-Trax has demonstrated in rigorous testing that it provides significant productivity advances. We believe it has the capacity to further develop into even more robust uses in supply chain efficiency."
While the details of the partnership are not yet public, Silver points out that GENCO Supply Chain Solutions and Sky-Trax have been working closely for about a year on Sky-Trax's first large installation in a GENCO run facility. In 2007 and part of 2008, GENCO conducted a pilot test of the Sky-Trax System at its 328,000 sq. ft. facility in Atlanta. Results revealed during the 14,000 pallet pilot that all pallets were put away with 100% accuracy without traditional operator dependent scanning. Based on time studies, GENCO projects a 30% overall daily productivity improvement in pallet putaway and retrieval using Sky-Trax throughout the entire facility. "While data is still being collected, we couldn't be more excited about the results so far," explains Silver.
About GENCO Supply Chain Solutions
GENCO Supply Chain Solutions is North America's 2nd largest and a Global Top 50 third-party logistics provider and the recognized leader in Reverse Logistics. The company manages over 125 operations and 37 million square feet of warehouse space throughout North America for a diverse range of retail, manufacturing and government customers. The company provides initial and ongoing value through a complete range of solutions, including contract logistics, transportation logistics, parcel negotiation & audits, reverse logistics, damage research, product liquidation, pharmaceutical services, government solutions and technology solutions.
For more information, visit www.genco.com.
About Sky-Trax Inc.
Sky-Trax develops revolutionary automatic data collection and inch-accurate location tracking systems for warehouse vehicles. Safety and productivity applications employing Sky-Trax's IPS technology are economical and practical to deploy, allowing warehouse professionals to substantially increase safety and improve warehouse efficiency. The results are fewer safety incidents, much lower operating costs, improved inventory accuracy, and greater throughput.
For more information, please visit www.Sky-Trax.com.
Sky-Trax, Inc. Contact:
Sarah Sagin
Marketing Manager
Sky-Trax, Inc.
98 Quigley Blvd.
New Castle, DE 19720
302-395-9540
GENCO Supply Chain Solutions Contact:
Don Rendulic
Director, Marketing and Corporate Communications
GENCO Supply Chain Supply Chain Solutions
100 Papercraft Park
Pittsburgh, PA 15238
412-820-3922
