TransCore to Acquire Intermec's AmtechTransportation Systems; Intermec will provide Intellitag...

Business/High Tech Editors

WOODLAND HILLS, Calif.--(BUSINESS WIRE)--April 24, 2000

Intermec Technologies Corp., a UNOVA Inc. (NYSE:UNA) company, today announced that UNOVA has signed a letter of intent with TransCore Inc., of Harrisburg, Penn., for the purchase of Intermec's

The transaction, subject to approval by federal anti-trust authorities and by the TransCore and UNOVA boards of directors, is expected to close by the end of June 2000. Financial details were not disclosed.

TransCore provides commercial enterprises, and state and local government agencies with information technologies, management systems and services to manage their transportation operations. Amtech is one of the world's leading providers of wireless identification, tracking and monitoring technologies for the intelligent transportation industry, known as ITS. Amtech provides products that meet automatic equipment identification standards set by transportation groups in maritime, U.S. rail and trucking, as well as European and Asian rail industries. The company has more than 550 employees in 14 offices throughout the United States and abroad.

As part of the agreement, TransCore will become the exclusive reseller of Intermec's Intellitag(R) RFID (radio frequency identification) technology for the electronic toll, traffic management and other ITS-related market segments. Intermec also will develop next-generation RFID tags and ITS equipment for TransCore based on its Intellitag technology. In addition, Intermec will retain a minority equity position in the combined company. Intermec will continue to offer Intellitag technology to customers in supply chain markets.

Intermec previously moved its Intellitag-related technology, product and application development activities from Amtech into its own organization. Intellitag's supply chain applications now are integrated throughout Intermec's organization. Intermec's product operations remain responsible for combining RFID with conventional bar code technology.

"The merger of our Amtech activities with those of TransCore is the right solution at the right time," said Bob O'Malley, Intermec president and head of UNOVA's Automated Data Systems segment. "Going forward, we plan to concentrate our own efforts on Intellitag RFID applications in the rapidly growing supply chain markets, while TransCore will continue to serve the transportation industry. As they acquire our transportation subsidiary, TransCore will have greater scale and expanded resources, enabling it to compete more effectively on a global basis. With our Intellitag supplier agreement and investment in this new company, we will continue to benefit from TransCore's projected success."

According to TransCore, the company plans to continue to operate Amtech's engineering and manufacturing facilities in Albuquerque, New Mexico. In addition, TransCore expects to leverage the existing integration, sales, marketing, operations and other support groups within Amtech's Dallas office for expanding coverage in multiple transportation markets worldwide.

"These operations combine some of the best talent in our industry," said John Worthington, TransCore president and chief executive. "Through this combination of resources and the exclusive supply relationship with Intermec, we look forward to building on our collective knowledge base to deliver new and innovative RFID-based applications that will provide much broader benefits to the transportation industry."

According to the U.S. Department of Transportation, ITS solutions such as electronic toll collection increase toll lane capacity by 250 percent or more, cutting operating expenses by 90 percent, and reduce fuel consumption by 6 to 12 percent and emissions by 45 to 80 percent. Electronic freeway management systems such as ramp metering have reduced crashes by 24 to 50 percent, enabling highways to handle 8 to 22 percent more traffic at speeds 13 to 48 percent faster than pre-existing congested conditions. New RFID technology offers a broader range of applications that will accelerate adoption of ITS solutions.

The ITS industries historically have been a prime user of wireless RFID products, but recent technology advances, such as Intermec's Intellitag product generation, have greatly reduced systems' cost and have begun to significantly broaden the market into other commercial areas. Independent research estimates the global 2000 RFID market at $1.4 billion, including readers, tags, software and service. The market is expected to grow at about 25 percent annually.

"Another important part of our cooperation efforts is in the development of global standards for the worldwide RFID market," Intermec's O'Malley said. "When customers can use this technology seamlessly in all markets and all applications, RFID will see explosive growth."

About Amtech

With more than 10 million tags and 19,000 readers distributed in 32 countries, Amtech is one of the world's leading providers of wireless identification, tracking and monitoring technologies for the intelligent transportation industry. Amtech provides turnkey solutions for the transportation industry, offering ITS solutions for electronic toll and traffic management, rail, mass transit, intermodal, fleet and access control for parking, security and airport ground transportation management. Amtech provides products that meet automatic equipment identification standards set by transportation groups in maritime, U.S. rail and trucking, as well as European rail industries. The company has more than 550 employees in 14 offices throughout the United States and abroad. More information about Amtech can be found at www.amtech.com.

About Intermec

Intermec Technologies Corp., a UNOVA Inc. (NYSE:UNA) company, is a leader in global supply chain solutions and in the development, manufacture and integration of wired and wireless automated data collection, Intellitag(R) RFID (radio frequency identification) and mobile computing systems. The company's products and services are used by customers in many industries to improve productivity, quality and responsiveness of business operations, from supply chain management and enterprise resource planning to field sales and service.

To learn more about how companies can benefit from Intermec's supply chain technologies, contact Intermec Technologies Corp., 6001 36th Ave. West, P.O. Box 4280, Everett, WA 98203-9280 USA; telephone 425/348-2600 or 800/347-2636; facsimile 425/355-9551; or visit Intermec's web site at www.intermec.com. To learn more about UNOVA, visit www.unova.com.

Certain forward-looking statements in this release (as defined by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934) relate to matters that are not historical facts. They include, but are not limited to, statements about the demand for the Company's products and services, the Company's ability to profitably exploit new technologies acquired or developed, and the Company's ability to realize its intentions with respect to the future performance of operations acquired by the company. Such forward-looking statements involve and are dependent upon certain risks and uncertainties. These include, but are not limited to, the following which are beyond the Company's control: the presence of competitors with greater financial and other resources; technological changes and developments; regulatory uncertainties; worldwide political stability and economic conditions; operating risks associated with international activities; the failure of the Company's due diligence procedures to discover undisclosed adverse material information concerning acquired operations; and other risks and uncertainties described more fully in the Company's filings with the Securities and Exchange Commission.