JIS to market customized version of Sirit's INfinity 510 RFID reader in
Japan
TORONTO, Nov. 26 /CNW/ - Sirit Inc. ("Sirit") (TSX: SI), a leading provider of radio frequency identification ("RFID") technology, announced today that Japan Information System Co. Ltd. ("JIS") has agreed to sell a customized version of Sirit's INfinity 510 RFID reader in Japan. JIS intends to make this product their flagship UHF reader and expects it will be available to customers in early 2008.
JIS is a system integration company established in 1994 with broad-based experience in RFID and other technologies that provide information management solutions for a wide array of customers. Turn-key systems delivered by JIS encompass hardware, customized software, installation and training. Their version of the INfinity 510 will be installed into a number of applications including supply chain, logistics, healthcare, asset tracking, manufacturing, airline baggage, parking access, and factory automation.
"We are pleased to have an outstanding company like JIS selling the INfinity 510 platform in the Japanese market and other regions," stated Tony Sabetti, vice president, RF Solutions for Sirit Inc. "We greatly value their extensive experience in all RFID technologies and we look forward to developing a long-standing relationship with their team."
Under the agreement, Sirit will utilize the INfinity 510 platform and provide customized feature enhancements that meet JIS customers' unique configuration requirements. The JIS version of the product will incorporate all of Sirit's proprietary tag acquisition algorithms, extensive reader management tool-kit, and user-friendly documentation.
"Sirit has shown to have an excellent reputation for building full-featured, reliable products," said Isao Tomon, president of Japan Information System Co. Ltd. "As confirmed by several third-party studies and through our comprehensive evaluation process, Sirit's INfinity 510 was found to provide superior performance to competitive readers. Our company is excited about adding this product tailored for the Japanese market to our portfolio of solutions."
As part of the OEM Agreement, JIS will be obtaining and maintaining all of the necessary regulatory approvals in Japan in addition to providing localized support tools.
About Japan Information System CO, Ltd. (JIS)
Headquartered in Tokyo, Japan, JIS has been providing information technology systems since 1994 in the areas of supply chain, logistics, security, healthcare, asset tracking, manufacturing, airline baggage, parking access, and factory automation. Providing hardware, software and integration services, JIS has experience in delivering active and passive RFID solutions using all types of RFID technologies. JIS has also recently won contracts to install systems for libraries, laundries, and medical facilities. Key partners of JIS are Microsoft, Hewlett-Packard (Japan), Nippon Yusen, Yagi Antenna, Mitsubishi Electric, Hokushin Electric Co., and TOSCO. JIS customers include Toyota, Toshiba, Honda, NTT Docomo and Tokyo Metropolitan Government. For more information, visit www.jis-rfid.co.jp.
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 14 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 (including Electronic Tolling), Access Control, Automatic Vehicle Identification, Near Field Communications, 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 19, 2007 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.
