Sirit Technology Testing Successful at CAPUFE
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Paves way for interoperable toll road systems across Mexico
TORONTO, June 16 /PRNewswire-FirstCall/ - Sirit Inc. ("Sirit") (TSX: SI), a
leading provider of radio frequency identification ("RFID") technology, along
with its partner, Axiompass, a leading integrator and supplier of tolling
equipment and RFID systems across Mexico, and Caminos y Puentes Federales de
Ingresos y Servicios Conexos ("CAPUFE"), Mexico's Federal Tolling Authority,
announced today they had successfully tested Sirit's RFID readers and tags for
interoperability between legacy and new tolling systems.
Sirit's IDentity 5100 ("ID5100") reader is the latest generation in
multi-protocol readers that read different radio frequency protocols and
perform extremely well at high speeds. Among the protocols the ID5100 can read
is ISO 18000-6C, which is being installed in every vehicle in Mexico as part
of the National Public Vehicle Registry ("REPUVE") as well as legacy protocols
which are currently used on federal toll roads operated by CAPUFE.
In January 2009, Axiompass organized testing in the CAPUFE labs to establish
that the ID5100 could read all radio frequency tags currently being used for
electronic toll collection. In addition, CAPUFE invited all its current lane
controller technology providers to verify that the ID5100 could operate within
the existing infrastructure. Tests were also performed with ISO 18000-6C tags
at different speeds to demonstrate that electronic tolling could be achieved
without the requirement to stop vehicles along the road.
"We are committed to using state of the art technology that adapts well to our
needs and will allow interoperability by being able to read multiple protocols
at fast speeds." said Tarcisio Rodriguez Martinez, Director General, CAPUFE.
"These tests are proof of our commitment."
"We are very pleased as the tests were a complete success with all vendors
being able to literally 'plug-in' the ID5100 and achieve excellent read
performance with the existing tags," said Luis Maldonado, Chief Executive
Officer, Axiompass. "These tests open new opportunities for deploying
interoperable environments on the CAPUFE operated roads."
"The results of these tests demonstrate Sirit products' superior performance
and our commitment to providing some of the best open standard and scalable
tolling and electronic vehicle identification technology available worldwide
today. We believe the results of these tests will assist CAPUFE to achieve
improved service to all of their tolling customers," added Wolf Bielas,
President Latin America, Sirit Inc.
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 15 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 can be
customized to address new and traditional RFID market applications including
Supply Chain & Logistics, Cashless Payment (including Electronic Tolling),
Access Control, Automatic Vehicle Identification, Near Field Communications,
Inventory Control & Management, Asset Tracking and Product Authentication. For
more information, visit www.sirit.com.
About CAPUFE
Caminos y Puentes Federales de Ingresos y Servicios Conexos (CAPUFE) is a
decentralized public organism of the Federal Government of Mexico, with its
own judicial personality and independent assets, that operates and gives major
and minor maintenance to the federal roads and bridges. It also participates
in investment and co-investment projects for the construction and operation of
general communication routes. Its sector head is the Secretary of
Communications and Transport (SCT). At the beginning of 2008 CAPUFE operated
45 roads with a combined length of about 4,330 kilometers (2,690 miles) and 36
bridges, with 142 toll plazas and 937 toll lanes, translating in a presence of
about 73% of the Federal Network of Toll Roads. CAPUFE's central offices are
located in Cuernavaca, Morelos. For more information, visit www.capufe.gob.mx.
About Axiompass
Axiompass is a leading integrator of person and vehicle identification systems
in North America. Axiompass' products include automatic vehicle
identification, identity management, access control, electronic documents, and
secure electronic payment. Axiompass bases its technology solutions on
smartcard, biometric, and RFID technology. For more information, visit
www.axiompass.com.
Cautionary Note Regarding Forward-Looking Statements
Safe Harbor Statement under the United States Private Securities Litigation
Reform Act of 1995: Except for the statements of historical fact contained
herein, the information presented constitutes "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of 1995 and
Canadian provincial securities legislation. These forward-looking statements
relate to, among other things, Sirit's objectives, goals, strategies,
intentions, plans, beliefs, expectations and estimates, and can generally be
identified by the use of words such as "may", "will", "could", "should",
"would", "suspect", "outlook", "expect", "intend", "estimate", "anticipate",
"believe", "plan", "forecast", "objective" and "continue" (or the negative
thereof) and words and expressions of similar import, and may include
statements concerning possible or assumed future results, financial outlook
and/or future-oriented financial information. Although Sirit believes that the
expectations reflected in such forward-looking statements are reasonable, such
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievement
of Sirit to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Readers
are cautioned not to place undue reliance on these forward-looking statements.
Actual results may differ materially from those indicated by these
forward-looking statements as a result of risks and uncertainties impacting
Sirit's business. Important factors that could cause actual results to differ
materially from expectations include but are not limited to: Sirit's ability
to achieve commercialization and/or commercial acceptance of its RFID
technology; the evolution of, and adoption rate in, the RFID market; Sirit's
inability to expand sales both within and outside its traditional markets;
changes in Sirit's strategic relationships; Sirit's dependence on resellers,
distributors and significant customers; the utility of research and
development expenditures undertaken by Sirit; product defects; increased
levels of competition; changes in laws and regulations; foreign exchange
fluctuations; and Sirit's overall liquidity and capital resources. These and
other important risks are discussed in further detail in the section entitled
"Risks Factors" in Sirit's Annual Information Form dated March 13, 2009 and in
Sirit's management's discussion and analysis found in its 2008 annual report
as filed with the securities regulatory authorities in Canada via SEDAR.
Although Sirit has attempted to identify important factors that could cause
actual results to differ materially, there may be other factors that cause
results not to be as anticipated, estimated or intended. Unless otherwise
required by law, Sirit does not undertake any obligation to update any
forward-looking statements contained in this news release as a result of new
information, further events or otherwise. This cautionary statement expressly
qualifies the forward-looking information in this news release.
"Sirit", the Sirit Design and "vision beyond sight" are all trademarks of
Sirit Inc. All other names of actual companies and products mentioned herein
may be the trademarks of their respective owners.
SOURCE Sirit Inc.
Tawnya Clark, Sirit Inc., (619) 393-2645, tclark@sirit.com
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