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COMPANY INFORMATION
IPICO Inc. 4480 Harvester Rd Burlington, ON L7L 4X2 Tel: (905) 631-6310 Toll-free: (866) 824-8759 Fax: (905) 631-6614 Contact Name Gordon Westwater Industry Communications Equipment		Key Executives Gordon Westwater, CEO Edward R. Irwin, CFO Provides RFID (Radio Frequency Identification) solutions, leveraging its IP-X air protocol to design, develop, manufacture and market a broad range of RFID solutions, including smart labels, tags and readers.
FP ADVISOR COVERAGE iPico Inc. • FP Corporate Surveys • FP Directory of Directors • FP Predecessor & Defunct • Ordering FP Products		TOP INDUSTRY PLAYERS Communications Equipment Company Name Revenue ($000s)  Research In Motion Limited 12,215,965 Aastra Technologies Limited 832,070 Sierra Wireless, Inc. 605,318 Evertz Technologies Limited 315,905 COM DEV International Ltd. 240,410 (Links are to Snapshots.)
FINANCIAL RATIOS AS OF FEB 5/10 Listed Close 52-wk High 52-wk Low IAD Latest Dividend Yield 60-mo Beta TSX-VEN/RFD $0.13 $0.33 $0.05 n.a. n.a. n.a. n.a. Avg 20-day Volume P/E 12-mo EPS EPS Date 1-yr Return 3-yr Return 5-yr Return Market Cap. (000s) 40,824 n.a. $-0.16 Sept. 30/09 78.57% -37.0% n.a. $7,224
ANNUAL FINANCIALS Periods ended: 12m Dec. 31/08 12m Dec. 31/07 12m Dec. 31/06 $000s $000s $000s Operating revenue 3,885 3,171 1,079 Net income (18,259) (9,303) (6,573) Total assets 17,014 28,158 27,374 $ $ $ Earnings per share* (0.35) (0.29) (0.27) % % % Return on equity (150.14) (62.03) n.m.   * Common

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