Sirit Technologies (fka SRTTF)

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SIRIT INC. SECURES ITS INAUGURAL FLORIDA TRAFFIC
MANAGEMENT CONTRACT

Marks entry into Florida market and continued growth of advanced Traffic Management
Systems

Toronto, ON – October 13, 2004 – SIRIT Inc. (TSX:SI), a leading provider of radio frequency identification (RFID) hardware technology, today announced that it has secured an order in Florida for its advanced Traffic Management Systems (TMS) solution, which is used to monitor commute time and
traffic patterns. The contract, which is valued at approximately CDN $1.0 million, calls for SIRIT to
deliver an RFID hardware solution.

“This contract represents an important step in our efforts to expand across the United States and to build on our leading position in this innovative, high-growth application,” said John Freund, Vice President, Automatic Vehicle Identification, SIRIT Inc. “The superior technical performance of our readers was a key factor in winning this procurement and we see excellent opportunities to build on this initial order.”
SIRIT’s TMS solution, which has been successfully deployed in Colorado and California, is an easily implemented and cost effective way to monitor commute time and traffic patterns. By deploying SIRIT TMS readers at multiple points along designated intervals of a toll highway or freeway and connecting
those points by wire or wirelessly to a central host, travel time and traffic flow can be closely monitored in real-time, accumulating valuable data for traffic management or safety engineering. In addition, driving time estimates can be made immediately available to commuters through automated traffic service lines.

Additional information on SIRIT’s TMS solution and other RFID solutions can be found on the Company’s Web site at www.sirit.com.