Sirit Wins C$4.0 Million RFID Transponder Contract

Company Maintains Solid Customer Base

TORONTO, Oct. 13 /CNW/ - Sirit Inc. (TSX: SI), a leading provider of
radio frequency identification (RFID) technology, announced today that it has
secured an order valued up to CDN $4.0 million from the Bay Area Toll
Authority ("BATA") in California. The ten-month contract calls for Sirit to
deliver RFID toll transponder technology commencing November 2005.
"Sirit is pleased to again be selected to supply our RFID technology to
BATA and this contract win reaffirms our leadership position in California for
AVI technology," said Norbert Dawalibi, President and CEO, Sirit Inc. "AVI
continues to be a significant contributing RFID application for Sirit and
further solidifies Sirit's position as one of the leading suppliers of
hardware solutions in the RFID industry."
"Our win is a result of our ability to meet customer requirements for
consistent and predictable delivery of exceptional products and services,"
commented John Freund, Vice President, Automatic Vehicle Identification, Sirit
Inc. "Our team values the continued patronage of BATA and we appreciate the
confidence they have placed in us."

About Sirit Inc.
Sirit Inc. (TSX: SI) is a leading provider of Radio Frequency
Identification (RFID) reader technology to OEMs and solution providers
worldwide. Harnessing the power of Sirit's enabling-RFID technology, customers
are able to more rapidly bring high quality RFID solutions to the market with
reduced initial engineering costs. Sirit's products are built on more than
12 years of RF domain expertise addressing multiple frequencies (LF/HF/UHF),
multiple protocols and are compliant with global standards. Sirit's broad
portfolio of products and capabilities are easily customized to address new
and traditional RFID market applications including Supply Chain & Logistics,
Cashless Payment, Access Control, Inventory Control & Management, Asset
Tracking and Product Authentication. For more information on Sirit, visit
www.sirit.com.

Cautionary Note Regarding Forward Looking Statements
Safe Harbor Statement under the United States Private Securities
Litigation Reform Act of 1995: Except for the statements of historical fact
contained herein, the information presented constitutes "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievement of Sirit to be materially different from any future
results, performance or achievements expressed or implied by such forward-
looking statements. Readers are cautioned not to place undue reliance on these
forward-looking statements. Actual results may differ materially from those
indicated by these forward-looking statements as a result of risks and
uncertainties impacting Sirit's business which are discussed in the section
entitled "Description of the Business - Risks Factors" in Sirit's Initial
Annual Information Form dated March 22, 2005 as filed with the securities
regulatory authorities in Canada via SEDAR. Although Sirit has attempted to
identify important factors that could cause actual results to differ
materially, there may be other factors that cause results not to be as
anticipated, estimated or intended.

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