TORONTO, May 1 /CNW/ - Sirit Inc. ("Sirit") (TSX: SI), a leading provider of radio frequency identification ("RFID") technology, today reported the election of a new Director to the Company's Board at the Annual General Meeting ("AGM") as held on Thursday, April 26, 2007.
The Company is pleased to welcome Mr. Robert G. Beauchemin, who brings over 20 years of leadership expertise to both Sirit and its Board. Since 2005, Mr. Beauchemin has been the Chief Executive at RGB Global Management Consulting, a firm providing senior management advisory services to Boards of Directors, Presidents and Chief Executive Officers. Previously, Mr. Beauchemin was President and Chief Executive of Polyplan Technologies, a Manufacturing Process Management (MPM) software developer. Mr. Beauchemin has also held senior leadership positions including President and CEO of CNC Global - a North American Information Technology contract consulting and staffing company, Vice-President and General Manager of J.D. Edwards as well as President of SAP Canada - both global leaders in enterprise application software.
During the AGM, shareholders elected seven directors to the Company's Board, now comprised of Norbert Dawalibi, Cal Haverstock, Howard Johnson, George C. McKinnis, Art Mesher, Richard I. Segal and Robert G. Beauchemin.
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, 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.