RFID California Toll Contract

Sirit RFID tech will drive California toll solution. The IDentity Title 21 transponder is a small radio frequency identification (RFID) device designed for Sirit's Electronic Toll Collection and advanced Traffic Management Systems. ...

... "contract worth approximately US$10.6 million over three years from the Transportation Corridor Agencies (TCA) in Southern California. Upon Board approval, Sirit will enter into an agreement to supply its Title 21-based RFID transponders following the completion of the existing contract. Sirit anticipates the new contract to be approved on or about June 14, 2007 with shipments to begin in July 2007. " ...

Via Sirit: Sirit Selected for US$10.6M Renewal Toll Contract

Sirit RFID Transponder BATA Contract

Sirit has been awarded US$4.8 million RFID order from the Bay Area Toll Authority, BATA, in California. ...

... "Commencing in July 2007, the contract calls for Sirit to continue to deliver its Title 21-based toll transponders. The year-long contract extends Sirit's supplier relationship with BATA which originally began in 2004. Additionally, terms of the contract grant BATA the option to add on transponder orders to a maximum of US$1.6 million once the initial contract has been satisfied. " ...

Via Sirit: Sirit Secures US$4.8M Annual RFID Transponder Supplier Contract

Sirit RFID Orange County Traffic Management

OCTA utilizes Sirit RFID technology on the SR-91 Riverside Freeway Express Lanes in Southern California. ...

... "Sirit Inc. announced that it has secured an order totaling US$2.0 million from the Orange County Transportation Authority (OCTA) in Southern California. The contract calls for Sirit to deliver its UHF RFID transponder technology over the next 3 years, with deliveries to commence in Q2 2007. " ...

Via PR News Wire: US$2.0 million RFID Transponder Contract

RFID Pioneer: CTO Role at Sirit

Bruce Roesner has been appointed to the position of Chief Technology Officer and Vice President of Engineering at Sirit, where he will manage RFID product and solutions development across all application focus areas. ...

... "After starting his career with industry leaders like Hughes Aircraft Company, Burroughs Corporation and Applied Micro Circuits, Bruce has been an entrepreneur and technologist in the domains of IC design and RFID. He was the founder of a number of technology companies including Instant Circuit Holdings, SCS Corporation and ClarIDy Solutions. He was instrumental in the development of low-cost RFID tags used in inventory tracking and control applications which won him Most Innovative Product and Entrepreneurial Team of the Year awards. Mr. Roesner is the author of numerous publications and presentations on the subject of high technology electronics including RFID. He is also the holder of over 25 patents and earned a M.S.E.E. and Ph.D. in Solid State Electronics from Purdue University. " ...

Via Sirit: Sirit Appoints Pioneering RFID Engineer to Lead Development Team ...

Sirit RFID: Revenue Increasing

Sirit sees RFID revenue increasing and it is positioned to capitalize on future RFID market growth. ...

... "Radio Frequency Solutions (RFS) related revenue represents 27% or $1.4 million of total revenue, a 180% increase over prior year reported revenue of $0.5 million. Sirit remains one of the few companies with significant, real world RFID experience with over 330,000 RFID readers deployed around the world. As supply chain adoption hovers on the horizon, our solid and profitable AVI business becomes an important differentiator among our peers, noted Anastasia Chodarcewicz, Chief Financial Officer, Sirit Inc. With continued focus on top line growth and bottom line cost controls, we believe that we should achieve a cash flow neutral position by the end of next year. " ...

Via Sirit: Sirit Reports Financial Results for the Third Quarter ...