Sirit Technologies (fka SRTTF)

[Burpzilla]

Radio ID firm Sirit Inc. lands $16M contract from Colorado highway agency


Canadian Press
Tuesday, March 29, 2005

TORONTO (CP) - Sirit Inc., which makes radio frequency identification readers, has signed a $16-million deal to supply highway toll-collecting devices to the E-470 Public Highway Authority in Colorado.

Sirit (TSX:SI) said Tuesday that it will deliver its UHF RFID toll transponder technology to the authority over the next five years.

"Sirit has earned a reputation for providing high-performance tolling products and prides itself on building strong relationships with its clients," CEO William Staudt said in a release.

"Automatic vehicle identification continues to be a significant contributor to Sirit's business model and this agreement win is a testament to the reliability of our technology offering."

E-470 is a 75-kilometre toll highway that runs along the eastern perimeter of the Denver metropolitan area.

© The Canadian Press 2005
http://www.canada.com/national/nationalpost/news/story.html?id=ed40da4c-1ed8-4cdb-8727-135aa9e1bfed