Datalogic Acquires Evolution Robotics Retail

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Datalogic Acquires Evolution Robotics Retail

07/12/2010
Datalogic, a global provider of bar code readers, data collection mobile computers and RFID systems, has acquired Evolution Robotics Retail, a maker of checkout devices that use pattern recognition technology to reduce retail shrink.

The entire management and technical team of Evolution Robotics Retail will remain with the company and continue to drive innovation in the retail sector while also working with Datalogic to promote its visual pattern recognition technology.

"Even during these difficult economic times, Datalogic continues to seize bright opportunities for innovation and growth," says Mauro Sacchetto, Datalogic Chief Executive Officer. "This acquisition further strengthens our technological leadership with avant-garde technologies, which are unique in the field of visual pattern recognition."

Alec Hudnut, Evolution Robotics Retail Chief Executive Officer, says, "We were looking for a strong company with which to align and we could not be more pleased with Datalogic as our partner and parent company. We fully expect that Datalogic's strong position in the retail sector, its expansive distribution network and global reach and its access to other industrial-based applications will allow us to propel our company further and faster than we could otherwise do on our own."

Evolution Robotics Retail was established in 2006 by Idealab, a creator and operator of technology companies. The company's flagship product, LaneHawk BOB, is used for loss prevention in the bottom-of-basket at retail checkout and has gained broad acceptance with over 10,000 lanes installed in the U.S.
 
Several follow-on products, utilizing the ViPR® technology and focused on loss-prevention and productivity applications, including LaneHawk® InCartTM, ShelfHawkTM and TunnelHawkTM, are currently in pilot stage with major retailers in the U.S.

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