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To: jmhollen who started this subject9/15/2003 9:32:07 AM
From: Pied Piper   of 216
 
SIRIT Inc. Secures Order for CDN $5,800,000
Monday September 15, 9:02 am ET

TORONTO, ONTARIO--
California toll agency order for FasTrak(TM) Radio Frequency Identification (RFID) transponders is the largest in SIRIT's history. This landmark deal reaffirms SIRIT's leadership position in California for Electronic Toll Collection (ETC technology).

SIRIT Inc. ("SIRIT") (TSX: SI - News), is pleased to announce that it has secured an order totaling approximately CDN $5.8 million for electronic toll collection transponders from the Transportation Corridor Agencies ("TCA"). This contract represents the largest order in SIRIT's history and secures its position as the dominant provider of electronic toll collection transponders in California and Colorado.

The new contract calls for SIRIT to deliver transponders over the next twelve months with deliveries to commence immediately. The transponders will be used to satisfy the growing demand for electronic toll collection and to begin a proactive program to replace aging transponders whose batteries have come to the end of their normal life.

Fred Veinot, Vice President of Marketing & Strategy for SIRIT commented, "As the TCA moves into the next major wave of transponder deployments, SIRIT is pleased to again be selected as its supplier. TCA has been a long standing customer of SIRIT and we have enjoyed a successful working relationship as electronic toll collection continues to flourish and expand in Southern California."

biz.yahoo.com

Piper
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