Postea: News

Fairfax, Virginia – May 26, 2010 – Postea Inc., a technology provider for the postal, mailing and logistics industry, announced that its wholly-owned subsidiary, Proiam, Inc., has signed an agreement with Singapore Post to deploy its next-generation track and trace system, PostMarque™, countrywide. In addition, Postea will work closely with Singapore Post’s wholly-owned subsidiary, Quantium Solutions, to implement PostMarque in an additional nine countries throughout Asia-Pacific.

“PostMarque supports our vision to be a world-class provider of consumer services across the region,” stated Mr. Lim Ho Kee, Chairman of the Board of Singapore Post. “This innovative system will enable us to gain efficiencies throughout the distribution process, offer a wider range of products and services, and enhance the customer’s overall experience with Singapore Post.”

The contract is a seven-year managed services agreement whereby Proiam will provide the hardware, software and support services for the new system, which is scheduled to be deployed by the end of this year. The new system will replace three existing track and trace systems currently in use by Singapore Post.

Postea’s PostMarque delivers the next-generation of track and trace technology. The solution introduces innovative new mobile devices capable of supporting bar code generation, image capture, geo-location services, and RFID-based services. Enhanced product supervision allows for dynamic redirection of deliveries via a geo-coded 3G network. It also provides greater visibility through the full chain of custody - supporting regulatory, compliance and customs pre-advice requirements. With PostMarque, post offices can offer web-based customer self-service transactions, and also implement transactional fees where applicable. Other features include SMS notification, point-of-call rating, warehouse management integration, data export to ERP systems, and data import from dimensioning and OCR solutions, such as Postea’s QubeVu™.

Mr. Elmar Toime, Chairman of the Board of Postea, Inc. said, “This is an important milestone for Postea. It builds on our existing capability as a systems integrator, bringing together both capital and know-how. We look forward to working closely with Singapore Post to help it achieve its ambitious growth plans.”

Fairfax, Virginia – September 29, 2009 – Postea Inc., a technology incubator for the postal, mailing and logistics industry, will be launching its family of companies and next generation products from exhibit stand #7005 at this year’s Post-Expo in Hannover, Germany.

Postea may be a new name in the postal and mailing industry but its team of executives is not. The company has brought together some of the most experienced and influential leaders to help create the next generation of postal products and services. Postea puts fresh ideas to the test and turns them into concepts that attract the human and financial capital necessary to bring them to market. Postea invests in technologies and companies that enable operators to better compete in the deregulated postal market and its portfolio includes emerging and established companies – all of which are forward-thinking and innovative.

Founded in 1996, IGI has a history of successfully implementing projects for the United States Postal Service and has been involved in every retail initiative at the USPS, including point-of-sale, self-service kiosks and stamp vending. In 2007, IGI was awarded the project for automation of the USPS Contract Postal Units – retail systems located outside of the post office-owned network. This project is widely considered the most successful retail program at the USPS. The team at IGI can provide financing, systems integration, project management, and hardware depot management expertise.

The Proiam team of computer scientists and engineering experts is working on the next generation of products based on open-source, best-of-breed technologies. In just two years, Proiam has developed and will be unveiling the QubeVu™ intelligent scale, the Almanac™ information delivery system, the Anamorphic Track and Trace™ solution and the low-cost, Ultralight-SD™.

In 2009, Singapore Post became an investor in Postea and will license Postea’s suite of hardware and software technology for use in Singapore. Commenting on the investment, Mr. Wilson Tan, Group Chief Executive Officer, Singapore Post Limited said, “Singapore Post has a history of investing in technology with a focus on deployable solutions. Postea brings us both world-class technology and access to individuals with long experience in the postal business. I am excited about the future of working together to create a generation of postal products that will allow Singapore Post to remain a key service to all Singaporeans.”

“With all of the challenges facing the postal industry, a new approach is needed - one that is open, flexible, and evolving,” said Michael J. Murphy, founder and CEO of Postea. “Postea believes in utilizing open source technologies, reducing advanced science into practical solutions, converging the electronic and physical worlds, and maintaining the quality of the customer experience. We are excited to be able to launch our brand at this technology exhibition and look forward to forging new relationships with postal organizations worldwide.”

Fairfax, Virginia – May 27, 2009 – Postea Inc. announces that Singapore Post will license Postea’s suite of hardware and software technology. Postea develops and operates companies which provide technology and support to the postal, courier and logistics markets. Subsidiaries include Proiam LLC and Innovations Group Inc. Innovations Group’s Retail Network and Franchise Management program is currently in deployment by the United States Postal Service.

In addition to the licensing agreement, Singapore Post has also made a strategic investment to acquire a 30 percent stake in Postea. This investment will support research and development and product development efforts currently underway within Proiam. It will also include new R & D facilities in Singapore and an expansion of existing operations in Fairfax, Virginia. Postea will increase its marketing, sales and customer support presence in North America, Europe and Asia in the coming months.

According to Elmar Toime (Chairman and co-founder), "Postea was founded in 2007 to develop technologies and business services that advance the postal and logistics markets. In just two years, our technology subsidiary, Proiam, has developed a number of next-generation technologies, and IGI's business model for outsourced retail and franchise management has proven to be a great success. Together with Singapore Post, the companies will bring the best of breed solutions to postal authorities and logistics networks worldwide."

Michael J. Murphy (CEO and co-founder) added, "Our goal is to develop solutions that can work standalone or alongside existing postal legacy systems, allowing a low-risk, low-cost transition to current technologies. Singapore Post's decision to use our technologies validates the products for international use. Singapore Post is a welcome partner, bringing a wealth of international experience and regional presence. We are pleased to have them as both a partner and customer."

Commenting on the investment, Mr. Wilson Tan (Group Chief Executive Officer, Singapore Post Limited) said, "Singapore Post has a history of investing in technology with a focus on deployable solutions. Postea brings us both world-class technology and access to individuals with long experience in the postal business. I am excited about the future of our teams working together to create a generation of postal products that will allow Singapore Post to remain a key service to all Singaporeans."

Fairfax, Virginia – Postal industry leaders Elmar Toime and Michael Murphy announce the launch of Postea, Inc. The company will invest in technologies that enable operators to compete better in the deregulated postal market. The primary goal will be tangible improvement in the expected return per delivery point, which will be accomplished by adding value to existing operating assets.

“As deregulation further opens the mailing and shipping business to commercial enterprises, postal operators worldwide face growing challenges to remain competitive with aggressive well capitalised private sector operators,” said Mr Toime. “Postea will invest in and develop new and innovative technology solutions that will allow these post offices to compete by leveraging core competences and realising the full value of their human resources.”

Mr Murphy said the new company is researching a number of promising technologies to develop. “Developing technologies that recognise postal authorities’ unique legacy obligations, Postea will offer solutions uniquely adapted to their trading environment. We are particularly focused on facilities that consider the Universal Service Obligation to be an asset. We believe that technology can attract new high unit value content to that channel which is not well suited to the competitors’ products.”

Mr Toime was CEO of New Zealand Post and Deputy Chairman of Royal Mail. Mr Murphy co-founded Escher Group, Ltd. and led the company to unrivaled success in the postal counter automation market.