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SIRIT INC.
Transmitted by CNW Group on : June 28, 2007 08:02
Sirit's INfinity 510 RFID Readers Selected by METRO Group
Ninety-nine stores slated to be outfitted with Sirit's global UHF RFID
reader
TORONTO, June 28 /CNW/ - Sirit Inc. ("Sirit") (TSX: SI), a leading
provider of radio frequency identification ("RFID") solutions, announced today
that METRO Group has selected Sirit's INfinity 510 UHF RFID reader for its
2007 rollout program at 99 Real hypermarket locations throughout Germany.
As an extension of their initial RFID trial initiative, this 2007 rollout
program will see one INfinity 510 reader installed in each of the ninety-nine
locations to track incoming products using Gen 2 tag technology.
"We are very pleased to be a part of METRO Group's continued investment
in RFID adoption into their operations. Clearly the awarding of this contract
is a significant validation of the superior performance of Sirit's INfinity
510 reader," stated Norbert Dawalibi, President and CEO, Sirit Inc. "The
selection follows many months of competitive testing where Sirit's INfinity
510 lived up to its 'best in class' reputation and we look forward to working
closely with METRO on a successful implementation throughout the year."
"The INfinity 510's reliable performance and ease of installation,
combined with Sirit's outstanding technical and sales support all factored
into the decision to award this contract," commented Dr. Gerd Wolfram,
Managing Director of MGI METRO Group Information Technology GmbH. "As we move
into the deployment phase of RFID, it becomes increasingly important to select
partners that deliver both product and services that allow METRO to meet our
business objectives - as we have found with Sirit."
Checkpoint Systems, Inc. (NYSE: CKP), a leading manufacturer and marketer
of RF- and RFID-based solutions for identification, tracking, security and
merchandising applications, who participated in the initial trials, will serve
as the hardware integrator for the project.
About METRO Group
The METRO Group is the world's fourth-largest trading and retailing
group. With its powerful brands, the METRO Group operates successfully in 28
different countries around the world - at almost 2,400 locations with more
than 240,000 employees. The METRO Group's six sales divisions operate
independently on the market with their own specific sales concepts:
Metro/Makro Cash & Carry - the world's market leader in self-service
wholesaling, Real hypermarkets, Extra supermarkets, Media Markt and Saturn -
the leading consumer electronics centers in Europe, Praktiker home improvement
and DIY centers, and the department stores of Galeria Kaufhof. More
information at www.metrogroup.de and www.future-store.org.
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, Near
Field Communications, Inventory Control & Management, Asset Tracking and
Product Authentication. For more information, visit www.sirit.com.
About Checkpoint Systems Inc.
Founded in 1969, Checkpoint Systems, Inc. is a leading manufacturer and
marketer of RF- and RFID-based solutions for identification, tracking,
security and merchandising applications. With a presence in more than 80
countries and a network of more than 30 service bureaus worldwide, the company
is the global leader for scalable, sure-performing 8.2 MHz, UHF, HF, EPC and
ISO-based EAS and RFID labeling products, systems, maintenance and support
services. For additional information, visit the Checkpoint Systems web site at
www.checkpointsystems.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.