TORONTO, March 27 /CNW/ - Sirit Inc. ("Sirit") (TSX: SI), a leading provider of radio frequency identification ("RFID") technology, announced today that Component Distributors, Inc., a high-tech electronics distributor based in Denver, Colorado, has signed an extended distributor agreement with Sirit to carry its full line of INfinity RFID reader modules throughout the United States, Canada and Mexico.
CDI officially launched their support of Sirit's INfinity product line with an eWave campaign, CDI's monthly publication serving more than 10,000 engineers spanning wireless, microwave and RF, in March. In addition to providing rapid order fulfillment capabilities through its online portal, http://www.cdiweb.com/sirit, CDI will offer application engineering support to assist new OEM customers integrate Sirit's line of low frequency (LF), high frequency (HF) and ultra high frequency (UHF) INfinity RFID reader capabilities into their products and solutions.
"Sirit has benefited from its distribution agreement with CDI who have proven to be a strong extension of our own in-house sales and support team - having carried the Plug-n-Play line of HF readers for several months," commented Tony Sabetti, Vice President, RF Solutions, Sirit Inc. "By extending the agreement to include our INfinity line of RFID reader modules, we can further leverage CDI's sales team and technical support capabilities to assist OEM's and resellers with quick time to market design-ins across a broad range of industries."
"We are excited to expand our portfolio offerings and experience in wireless, microwave and RF chip sales by adding RFID through Sirit's INfinity series. RFID is a growing area of technological expansion for many of our clients who can now come to us for the supply and support of RFID readers across a wide range of frequencies," said John Williammee, President and CEO of Component Distributors, Inc. "We are excited about the opportunity for CDI to bring new innovations through this partnership for many years to come."
About CDI
---------
Headquartered in Denver, Colorado, CDI is a High Tech Electronics Distributor providing world-class service, which creates increased efficiencies, product demand, and the ability to capture new opportunities for our customers and partners.
CDI distributes semiconductor, discrete, passive, electro-mechanical components and power supplies. CDI is an employee owned enterprise, providing information-related services ensuring accurate and timely transactions between supplier and customer within the US, Canada and Mexico.
For more information, you may contact CDI at 1 (800) 777-7334, or visit our web site at http://www.cdiweb.com/ for a list of products, services, and to locate a sales location near you.
About Sirit Inc.
Sirit Inc. (TSX: SI) is a leading provider of Radio Frequency Identification (RFID) technology 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 13 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, Near Field Communication, Cashless Payment (including Electronic Tolling), Access Control, Automatic Vehicle Identification, Inventory Control & Management, Asset Tracking and Product Authentication. For more information, 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 Annual Information Form dated March 16, 2006 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. Sirit does not undertake any obligation to update any forward-looking statements contained in this document as a result of new information, further events or otherwise.
"Sirit", the Sirit Design and "vision beyond sight" are all trademarks of Sirit Inc. All other names of actual companies and products mentioned herein may be the trademarks of their respective owners.