Sirit Confirms $10.6 Million Renewal of RFID Tag Tollway Contract
(www.AllPayNews.com) - Sirit Inc. (TSX: SI) confirmed that pursuant to the announcement of June 7, 2007, the Company has been awarded a contract worth approximately US$10.6 million over three years from the Transportation Corridor Agencies ("TCA") in Southern California. Under the agreement, Sirit will supply its Title 21-based RFID transponders with shipments to begin in July 2007.
Sirit Inc. (TSX: SI) is a leading provider of Radio Frequency Identification (RFID) technology worldwide. Harnessing the power of Sirit's enabling-RFID technology, customers are able to more rapidly bring high quality RFID solutions to the market with reduced initial engineering costs. Sirit's products are built on more than 13 years of RF domain expertise addressing multiple frequencies (LF/HF/UHF), multiple protocols and are compliant with global standards. Sirit's broad portfolio of products and capabilities are easily customized to address new and traditional RFID market applications including Supply Chain & Logistics, Cashless Payment (including Electronic Tolling), Access Control, Automatic Vehicle Identification, Near Field Communications, Inventory Control & Management, Asset Tracking and Product Authentication.
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