Business
Sirit Issues Statement Regarding Recent Trading Activity
Sirit Issues Statement Regarding Recent Trading Activity.
About this update from Torq Resources Inc.
[{"type":"text","content":"\n\n\n\nTORONTO, Feb. 7 /CNW/ - Sirit Inc. (\"Sirit\") (TSX: SI), a leading\nprovider of radio frequency identification (\"RFID\") solutions, in response to\nthe increase in trading volume of its common shares on the Toronto Stock\nExchange, announced that while there have been no new material developments,\nSirit has received indications that its INfinity 510 UHF RFID reader is being\nconsidered as part of a pilot program which will see approximately one hundred\nINfinity 510 readers installed with a customer to track products using Gen 2\ntag technology.\n\n\n\"We are very pleased to be considered for this pilot as this is a\nsignificant validation of the superior performance of Sirit's INfinity 510\nreader,\" stated Norbert Dawalibi, President and CEO, Sirit Inc. \"Following\nmany months of competitive testing with multiple customers and within a\nvariety of applications, Sirit's INfinity 510 continues to live up to its\n'best in class' reputation and we look forward to the opportunity to be\ninvolved in many successful implementations in 2007.\"\n\n\nFurther details on the pilot are not available at this time.\n\n\nAbout Sirit Inc.\n\n\nSirit Inc. (TSX: SI) is a leading provider of Radio Frequency\nIdentification (RFID) and Near Field Communication (NFC) solutions worldwide.\nHarnessing the power of Sirit's enabling-RFID technology, customers are able\nto more rapidly bring high quality RFID solutions to the market with reduced\ninitial engineering costs. Sirit's products are built on more than 13 years of\nRF domain expertise addressing multiple frequencies (LF/HF/UHF), multiple\nprotocols and are compliant with global standards. Sirit's broad portfolio of\nproducts and capabilities are easily customized to address new and traditional\ncontactless market applications including Near Field Communication, Supply\nChain & Logistics, Cashless Payment (including Electronic Tolling), Access\nControl, Automatic Vehicle Identification, Inventory Control & Management,\nAsset Tracking and Product Authentication.\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 ...