Business
South Bay Expressway Selects Sirit as its SR-125 Tollway Supplier
South Bay Expressway Selects Sirit as its SR-125 Tollway Supplier.
About this update from Torq Resources Inc.
[{"type":"text","content":"\n\n\n\n\nFasTrak(TM) Deployment Expands State Wide Toll System Interoperability\n\nTORONTO, March 13 /CNW/ - Sirit Inc. (TSX: SI), a leading provider of\nradio frequency identification (RFID) technology, has been selected as a\nsupplier of its Title 21, FasTrak, toll tags and reader hardware to the new\nSouth Bay Expressway in San Diego County, California. Sirit was initially\ncontracted to provide readers and antennas and has received a follow-on\npurchase order for approximately US$1.3 million to provide FasTrak toll tags.\nThis represents a new toll customer for Sirit and incremental revenue\ncommencing in the second half of 2006.\nSouth Bay Expressway is a first class express toll road extending the\ncurrent SR-125 highway from SR-54 in Spring Valley, through eastern Chula\nVista, to SR-905 in Otay Mesa near the International Border. The road fills a\n10 mile gap in San Diego County's highway network and will allow commuters to\nenjoy a scenic drive straight through, from one end to the other, minus the\ntraffic of existing routes.\nThe continuation of SR-125 has been part of the state's planned freeway\nsystem since 1959, but was stalled due to lack of funding. Due to an\ninnovative public/private partnership among Caltrans and California\nTransportation Ventures, Inc., the long-awaited road is finally being built -\nmany years earlier than was likely without private funding and is one of the\nfirst roads of its kind in California and the U.S.\n\"SR-125 is an excellent example of how private and public agencies can\npartner to deliver new transportation infrastructures through the use of toll\nsystems,\" said Norbert Dawalibi, President and CEO, Sirit Inc. \"With\nincreasing congestion on existing thoroughfares, SR-125 is able to divert\nincreasing volume thereby improving the efficiency of the state's existing\ninfrastructure and providing a better commute experience for drivers.\"\n\"Title 21 continues to be the only proven open architecture available to\ntoll agencies across the U.S.,\" said John Freund, Vice President, Automatic\nVehicle Identification, Sirit Inc. \"As more states seek innovative ways to\nimplement tolling solutions it begins to make a compelling case to adopt the\nTitle 21 architecture as a nationally interoperable 915 MHz standard.\"\nWhen South Bay Expressway debuts in early 2007 two-thirds of its\n...