Sirit's Automatic Vehicle Identification Solution Chosen by a Major Automotive Company

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     Sirit Inc., a leading provider of radio frequency identification ("RFID") technology, announced that it has signed a contract with a major automotive company to provide Sirit's IDentity MaX portfolio of readers and customized software suite to identify, track and secure its vehicles.
    
Sirit will deliver a comprehensive closed loop solution comprised of more than 500 gate, desktop and mobile RFID IDentity MaX readers for automatic vehicle identification (AVI) as well as customized Microsoft-based system software solutions. The initial rollout, valued at more than $1 million, will be installed from November 2006 through April 2007.

     The Solution
     As vehicles are added to a store's assets, Sirit IDentity MaX desktop readers will be used to encode an RFID tag which will then be affixed to the car to allow for automatic vehicle identification until the vehicle is sold. IDentity MaX gate readers will be used to monitor when a vehicle is removed from the lot, providing a secure method of monitoring the flow of assets.

     The IDentity MaX mobile reader, mounted to a vehicle, will track the location of vehicles throughout the company's lot daily.      "This win is the largest commercial installation of our new IDentity MaX system, launched earlier this year," commented John Freund, Vice President, AVI Solutions, Sirit Inc. "MaX has been met with tremendous interest from customers and vendors alike who continue to look for ways to add efficient and cost effective technologies that go beyond traditional access control systems."

     "At the heart of the solution is Sirit's 12 years of RFID expertise and a team that is focused on providing customers - whether they are end users or OEM partners - with full support to realize solutions that meet and exceed their expectations," continued Freund. "This particular contract is an excellent example of a client accessing all aspects of our RFID design and integration capabilities."

 

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 12 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.

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