Business
Sirit Awarded $5.9 Million RFID Transponder Contract
Sirit Awarded $5.9 Million RFID Transponder Contract.
About this update from Torq Resources Inc.
[{"type":"text","content":"\n\n\n\n\nTORONTO, June 21 /CNW/ - Sirit Inc. (TSX: SI), a leading provider of\nradio frequency identification (RFID) technology, announced today that it has\nsecured an order valued up to $5.9 million from the Bay Area Toll Authority\n(\"BATA\") in California. Commencing July 2006, the new contract calls for Sirit\nto deliver a combination of its traditional sealed and new battery replaceable\nTitle-21 based toll transponders including packaged tags available at retail\nlocations.\nThe one-year contract, awarded through BATA's competitive bid process, is\na follow-on to a deal announced in October 2005, which originally was expected\nto satisfy BATA's transponder requirements through November of this year.\nThrough recent marketing initiatives and the planned expansion of electronic\ntoll collection lanes at toll plazas in Spring 2007, BATA continues to\naggressively promote the use of electronic toll collection by making it easier\nfor new customers to enroll. BATA expects to begin retail distribution of\ntransponders in late August or early September 2006.\n\"We are working to increase the use of electronic toll collection in the\nBay Area,\" commented Linda Lee, FasTrak(R) Project Manager for BATA. \"Sirit\ncontinues to be a partner in that effort. Electronic tolling allows us to\nmaximize vehicle throughput on Bay Area bridges. Approximately 120 million\ntoll-paying vehicles cross the seven state-owned bridges in a year. Of these,\napproximately 42% currently use a FasTrak(R) toll transponder during the peak\ncommute period and our goal is to increase that usage rate to approximately\n60% to 70% over the next one to two years by making improvements to the\nsystem.\"\n\"Our win underscores our reputation in California as the supplier of\nchoice for tolling technology,\" commented John Freund, Vice President,\nAutomatic Vehicle Identification, Sirit Inc. \"We are proud that we continue to\nenjoy a strong relationship with our customers through our focus on reliable\nproduct delivery and performance, advanced open architecture tag technology\nand above all else - exceptional customer service.\"\n\nAbout Sirit Inc.\nSirit Inc. (TSX: SI) is a leading provider of Radio Frequency\nIdentification (RFID) technology worldwide. Harnessing the power of Sirit's\nenabling-RFID technology, customers are able to more rapidly bring high\nqu...