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Sirit Signs Exclusive Technology Partnership with MIKOH
Patent protected technology focused on worldwide AVI market TORONTO, Oct. 31 /CNW/ - Sirit Inc. (...
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[{"type":"text","content":"\n\n\n\nPatent protected technology focused on worldwide AVI market\n\n\nTORONTO, Oct. 31 /CNW/ - Sirit Inc. ("Sirit") (TSX: SI), a leading\nprovider of radio frequency identification ("RFID") technology, today\nannounced a worldwide strategic and exclusive partnership with MIKOH\nCorporation ("MIKOH") to incorporate MIKOH's Smart&Secure tamper-indication\ntechnology as a key feature in its passive RFID automatic vehicle\nidentification ("AVI") offerings.\n\n\nThe three year exclusive agreement, with two additional three year\noptions, licenses Sirit exclusively to promote and sell MIKOH's patented\nSmart&Secure technology worldwide in passive AVI systems where physically\nsecure vehicle tags are required. In return, MIKOH is paid a sliding-scale\nroyalty based on volume.\n\n\n"We see the addition of MIKOH's Smart&Secure tamper-indication technology\nas a key benefit that will assist in the prevention of misuse and theft of\nRFID enabled AVI tags," said Norbert Dawalibi, president of Sirit Inc.\n"MIKOH's technology enhances the strength of Sirit's partnership with 3M to\noffer best-in-class, comprehensive solutions for the worldwide transportation\nmarket."\n\n\n"MIKOH's Smart&Secure tags were an integral part of the world's first\nsuccessful electronic vehicle registration solution in Bermuda and this\ncollaboration with Sirit provides a solution easily available to other\ngovernments looking to implement effective AVI systems," added Matthew\nBlomfield, managing director and CEO for MIKOH Corporation Limited.\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 15 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 can be customized to address new and traditional RFID market\napplications including Supply Chain & Logistics, Cashless Payment (including\nElectronic Tolling), Access Control, Automatic Vehic...