Business
Sirit Confirms US$10.6M Renewal Toll Contract
Sirit Confirms US$10.6M Renewal Toll Contract.
About this update from Torq Resources Inc.
[{"type":"text","content":"\n\n\n\nTORONTO, June 15 /CNW/ - Sirit Inc. (TSX: SI), a leading provider of\nradio frequency identification (RFID) technology, confirmed today that\npursuant to the announcement of June 7, 2007, the Company has been awarded a\ncontract worth approximately US$10.6 million over three years from the\nTransportation Corridor Agencies ("TCA") in Southern California. Under the\nagreement, Sirit will supply its Title 21-based RFID transponders with\nshipments to begin in July 2007.\n\n\nAbout Sirit Inc.\n\n\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\nquality RFID solutions to the market with reduced initial engineering costs.\nSirit's products are built on more than 13 years of RF domain expertise\naddressing multiple frequencies (LF/HF/UHF), multiple protocols and are\ncompliant with global standards. Sirit's broad portfolio of products and\ncapabilities are easily customized to address new and traditional RFID market\napplications including Supply Chain & Logistics, Cashless Payment (including\nElectronic Tolling), Access Control, Automatic Vehicle Identification, Near\nField Communications, Inventory Control & Management, Asset Tracking and\nProduct Authentication. For more information, visit www.sirit.com.\n\n\nCautionary Note Regarding Forward Looking Statements\n\n\nSafe Harbor Statement under the United States Private Securities\nLitigation Reform Act of 1995: Except for the statements of historical fact\ncontained herein, the information presented constitutes "forward-looking\nstatements" within the meaning of the Private Securities Litigation Reform Act\nof 1995. Such forward-looking statements involve known and unknown risks,\nuncertainties and other factors which may cause the actual results,\nperformance or achievement of Sirit to be materially different from any future\nresults, performance or achievements expressed or implied by such\nforward-looking statements. Readers are cautioned not to place undue reliance\non these forward-looking statements. Actual results may differ materially from\nthose indicated by these forward-looking statements as a result of risks and\nuncertainties impacting Sirit's business which are discussed...