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Sirit and 3M Brazil Sign Strategic Supply Agreement
Electronic Tolling deployment results from successful proof of concept testing TORONTO, July 15 /...
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[{"type":"text","content":"\n\n\n\nElectronic Tolling deployment results from successful proof of concept\n\n\ntesting\n\n\nTORONTO, July 15 /CNW/ - Sirit Inc. ("Sirit") (TSX: SI), a leading\nprovider of radio frequency identification ("RFID") technology, announced it\nhas signed a strategic supply agreement ("SSA") with 3M's Brazilian subsidiary\nfor Sirit's RFID reader and tag technology, based upon open architecture\nprotocols, to support transportation-related projects in the Brazilian market.\nThis agreement builds upon the Global Cooperative Marketing Agreement that was\nsigned earlier this year between 3M's Traffic Safety Systems Division ("TSSD")\nand Sirit.\n\n\n3M Brazil is a subsidiary of 3M Company, St. Paul, Minnesota, and is a\nleading supplier of materials, solutions and systems to the transportation\nindustry in Brazil. The partnership combines Sirit's industry-leading IDentity\n5100 ("ID5100") reader and transponder with 3M's trusted traffic technology\nsolutions, enabling a strong, comprehensive solution targeted to penetrate\ntransportation applications in the Brazilian marketplace.\n\n\nThe strategic partnership between Sirit and 3M Brazil has resulted in a\nsuccessful proof of concept ("POC") for tolling applications in many States\nsuch as Rio Grande do Sul and Rio de Janeiro. The successful performance\nexperienced in the POC has led 3M Brazil to embark on the deployment of the\nID5100 reader and transponder technology in over 40 electronic toll lanes.\nOver the next 12 months, this specific toll application has the potential to\nexpand to over 400 lane systems and hundreds of thousands of transponders\nbased upon passive, open standard technology.\n\n\n"We are very pleased with the continued success of our relationship with\n3M, in particular to be working with 3M Brazil and the opportunities available\nfor Sirit's passive RFID technology in this transportation marketplace," said\nJohn Freund, vice president AVI Solutions, Sirit Inc. "3M Brazil is proving to\nbe a strong leader in deploying and supporting RFID solutions for the\nBrazilian transportation market. This high performance offering provides\ncustomers the opportunity to leverage RFID technology in their products with\nproven performance."\n\n\n"We are thrilled to have Sirit's products as ...