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EFKON USA Partners with Sirit for New Toll Products

EFKON USA Partners with Sirit for New Toll Products.

articleTorq Resources Inc.September 18, 20065/company/torq-resources-inc/news/efkon-usa-partners-with-sirit-for-new-toll-products
EFKON USA Partners with Sirit for New Toll Products

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[{"type":"text","content":"\n\n\n\n\nDALLAS, Sept. 18 /CNW/ - Sirit Inc. (\"Sirit\") (TSX: SI), a leading\nprovider of radio frequency identification (\"RFID\") technology, announced\ntoday that it has entered into an OEM agreement with Dallas based EFKON USA,\nInc., a provider of intelligent transportation systems (ITS) and advanced\nvehicle communications. Under the terms of the agreement, EFKON USA will\nintegrate Sirit's Title 21-based toll tag technology into a range of new toll\nproducts that it unveiled at the International Bridge, Tunnel and Turnpike\nAssociation's (IBTTA) 74th Annual Meeting and Exhibition, in Dallas, Texas.\nEFKON USA's newly announced products include Pronto(TM), a high\nperformance toll tag system used for open road tolling, and can also be used\nfor parking and access control; and HOTShot(TM), a battery and solar powered\nsystem for high occupancy tolling (HOT) that uses smart cards and biometric\nidentification for virtually failsafe authentication. Sirit's underlying 915\nMHz toll technology, based exclusively on the open Title 21 standard, provides\nthe platform for these innovative solutions.\n\"We are very pleased to partner with Sirit to leverage its expertise and\nintegrate its technology into our new line of US electronic toll products,\"\nsays Dr. John Kasik, President and CEO, Operations of Americas, EFKON USA,\nInc. \"We firmly believe in providing open architecture-based solutions that\nbenefit our customers and end users by encouraging competition and allowing\nfor interoperability among compliant systems. We envision a day in the not too\ndistant future when national interoperability will mean open roads from coast\nto coast.\"\n\"We welcome the opportunity to work with such an esteemed partner as\nEFKON USA in expanding Sirit's technology reach into new products and\nmarkets,\" stated Norbert Dawalibi, Sirit's President and CEO. \"We are\nextremely impressed with EFKON USA's new products and their vision for the\nfuture.\"\nAdditionally, the agreement allows for EFKON USA to incorporate and/or\nsell other Sirit products such as Sirit's line of IDentity automotive vehicle\nidentification products into complementary markets including parking and\naccess control.\n\nAbout EFKON USA, Inc.\n\nEFKON USA, Inc. is a subsidiary of EFKON AG, a global leader in\nIntelligent Transportation Systems and Advanced Vehicle Comm...

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