TR3 Pulls In $4M to launch RFID Applications

BOSTON, MA— September 9, 2005 — TR3 Solutions, an RFID applications provider for the CPG/Retail Market, has raised $4M in Series A financing based on the founder's track record of success. The founders prior venture, TR2 Consulting, was acquired by Sterling Commerce, an SBC company, in 2004. TR3 was found in early 2005, and have just launched their initial set of products and services. This round of financing was made up of private investors. TR3 said the funds will be used to expand their suite of RFID-based solutions and services targeted at the CPG industry, augment the company's technology infrastructure, and drive demand for the company's offerings with increased sales and marketing efforts.

Manufacturers have looked to the TR3 team for more than 15 years to help them solve their collaboration needs, and RFID is the next opportunity where TR3 will assist. TR3's solution is a turn-key, on-demand application that helps CPG manufacturers hit their immediate challenge of 100% read rates, and then move beyond to take advantage of the enhanced supply chain visibility provided by RFID. Their out-of-the-box solution helps in the areas of Inventory Management, Trade Promotions Management, Logistics, and Credit & Claims Management.

"We're now prepared to accelerate our plans to roll out the leading On-Demand RFID solution for CPG manufacturers", said Tom Rauh, TR3 President . "Our plans include to grow by 15 to 20 employees by the end of the year in the areas of product development, professional services, and business development".

TR3 is a leader in helping CPG manufacturers get internal benefit out of their RFID initiatives, having more experience with customers and collaboration technologies than any other company. TR3 is a private company headquartered in Woburn, Massachusetts. For more information about TR3, visit http://www.tr3solutions.com or call 781.481.0700.