PRESS RELEASES

The Bolloré Group and the European Investment Bank (BEI) signed a financing contract for 130 million euros for the Bolloré Group’s Research, Development and Innovation programmes.

This loan granted to the Group is intended to finance its research programs in the field of electricity storage for electric vehicles and IER’s activities in innovative technologies for the automatic identification, access control and self-service checkout markets. Part of the loan granted by the EIB to the Bolloré Group will finance in particular IER’s development work and technological investments in RFID. Following the signing of the contract, a delegation from the European Investment Bank, representatives of the Bolloré Group and a number of journalists visited IER’s in Buc.

Following the signing of the contract, a visit on IER’s RFID technology centre, site dedicated to reading equipment R&D and design and production of RFID labels, provided an opportunity to highlight the applications of RFID and the importance of this advanced technology, at a time when IER intends to become a leading player in Europe in the use of RFID in the logistics and distribution markets.