NewsSirit Announces European Certification for IDentity 5100 RFID Reader
Monday November 17, 8:29 am ET
High performance reader targets automatic vehicle identification market
TORONTO, ON, Canada; ITS World Congress, NEW YORK, Nov. 17 /CNW/ - Sirit Inc. ("Sirit") (TSX: SI - News), a global provider of radio frequency identification ("RFID") technology today announced during the ITS World Congress show in New York City, it has achieved European Telecommunications Standards Institute ("ETSI") certification for its industry leading IDentity 5100 reader.
The IDentity 5100 ETSI is ideal for long-range, high speed applications where vehicles may travel at speeds up to 100 MPH (160 KMH). It has been designed to withstand extreme weather conditions, temperatures, humidity and vibration, while providing optimal performance and security in European or other ETSI regulated regions.
"Open standards-based technology is leading the way in automatic vehicle identification ("AVI"), be it for electronic toll collection, vehicle registration or emissions control applications. Sirit is excited to bring the ETSI certified version of our flagship AVI product to serve the European and other markets worldwide," said John Freund, Vice President Sales, Sirit Inc. "The ISO 18000-6C technology that the IDentity 5100 is built upon is fast, adaptive, provides a flexible memory space and is capable of transmitting encrypted data, creating a solution which offers a superior balance of performance and price for AVI applications," added Mr. Freund.
The IDentity 5100 ETSI enables Sirit's integrated AVI solutions to serve the European markets in vehicle registration, vehicle emissions validation and insurance compliance, in addition to traditional AVI applications such as electronic tolling, parking and access control.
Sirit will be showcasing their industry leading IDentity 5100 reader in both FCC and the newly released ETSI versions at the ITS World Congress show, Booth 366, November 17-20 in New York City.
About Sirit Inc.
Sirit Inc. (TSX: SI - News) 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 15 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 can be 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 and Canadian provincial securities legislation. These forward-looking statements relate to, among other things, Sirit's objectives, goals, strategies, intentions, plans, beliefs, expectations and estimates, and can generally be identified by the use of words such as "may", "will", "could", "should", "would", "suspect", "outlook", "expect", "intend", "estimate", "anticipate", "believe", "plan", "forecast", "objective" and "continue" (or the negative thereof) and words and expressions of similar import, and may include statements concerning possible or assumed future results, financial outlook and/or future-oriented financial information. Although Sirit believes that the expectations reflected in such forward-looking statements are reasonable, 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. Important factors that could cause actual results to differ materially from expectations include but are not limited to: Sirit's ability to achieve commercialization and/or commercial acceptance of its RFID technology; the evolution of, and adoption rate in, the RFID market; changes in Sirit's strategic relationships; Sirit's dependence on resellers, distributors and significant customers; the utility of research and development expenditures undertaken by Sirit; product defects; increased levels of competition; changes in laws and regulations; foreign exchange fluctuations; and Sirit's overall liquidity and capital resources. These and other important risks are discussed in further detail in the section entitled "Risks Factors" in Sirit's Annual Information Form dated March 14, 2008 and in Sirit's management's discussion and analysis found in its 2007 annual report 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 news release as a result of new information, further events or otherwise. This cautionary statement expressly qualifies the forward-looking information in this news release.
"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.
For further information
Tawnya Clark, Sirit Inc., (619) 393-2645, tclark@sirit.com
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