On July 29, 2009, IPICO Inc. (TSX-V: RFD) announced an agreement with Runners Inc., a Japanese company, for the distribution of IPICO Sports automated tracking and timing solutions for use in the active sports and wellness markets in Japan.
IPICO is an RFID solution supplier with operations in Canada, USA, South Africa, Europe, Asia and Australia.
Allan Beach of Fasken Martineau advised IPICO in this transaction.