Sirit Awarded $2 Million RFID Transponder Contract
April 3, 2007 — Sirit Inc. ("Sirit") (TSX: SI), a leading provider of radio frequency identification ("RFID") solutions, announced today that it has secured an order totaling US$2.0 million from the Orange County Transportation Authority ("OCTA") in Southern California. The contract calls for Sirit to deliver its UHF RFID transponder technology over the next 3 years, with deliveries to commence in Q2 2007.
"We are very pleased to be considered by the OCTA as their supplier of choice for UHF RFID transponder technology," stated John Freund, Vice President, AVI Solutions, Sirit Inc. "Our product performance, customer service and dedication to the needs of our tolling customers enable agencies, such as the OCTA, to place their confidence in Sirit and our products."
"The OCTA is utilizing Sirit's technology on the SR-91 Riverside Freeway Express Lanes in Southern California. We continue to receive quality products, software services and technical support from Sirit, which gives us the confidence to renew our agreement for the following three years," added Kirk Avila, 91 Express Lanes General Manager.
About Orange County Transportation Authority
The Orange County Transportation Authority (OCTA) is a multi-modal transportation agency serving Orange County. We keep Orange County moving with countywide bus and paratransit service, Metrolink commuter-rail service, the 91 Express Lanes toll facility, freeway, street and road improvement projects, motorist aid services and by regulating taxi operations.
About Sirit Inc.
Sirit Inc. (TSX: SI) is a leading provider of Radio Frequency Identification (RFID) solutions 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 contactless market applications including Near Field Communication, Supply Chain & Logistics, Cashless Payment (including Electronic Tolling), Access Control, Automatic Vehicle Identification, Inventory Control & Management, Asset Tracking and Product Authentication.