Torq Resources Inc. press release
Sirit Introduces, IDentity MaX, Latest RFID Parking and Vehicle Access Control System
TSXV - TSX Venture Exchange · Copper · Gold · Molybdenum · Iron · Canada
LAS VEGAS, NV, May 15 /CNW/ - Sirit Inc. ("Sirit") (TSX: SI), a leading provider of radio frequency identification (RFID) technology, today introduced its next-generation, IDentity MaX, UHF RFID reader for use in parking and vehicle access control deployments at the International Parking Institute's ("IPI") Growth 2006 Expo. The new integrated reader and antenna design delivers solid Automatic Vehicle Identification ("AVI") performance in single-lane read applications. With Power over Ethernet capabilities allowing a single cable to carry both power and data communications, the IDentity MaX is well suited for the most challenging installation environments. Measuring only ten inches by twelve inches, the IDentity MaX can deliver read ranges of up to twelve feet depending on the choice of Sirit IDentity transponder used. "The IDentity MaX was designed to address market demands for a system which combines the advanced features from our INfinity series of RFID readers and the performance characteristics from our existing IDentity ZiP and FleX systems," said Norbert Dawalibi, President and CEO, Sirit Inc. "With this new product offering, we believe that we now have a complete suite of best in class parking and vehicle access control solutions to meet one of the largest RFID market applications today." Initial production units are scheduled to begin shipping in early July 2006 and the Company plans to introduce both European and Korean compliant variations later in the year. The IDentity MaX has been developed to provide the best price in its class while supporting a variety of tag form factors. The system is offered with transferable and non-transferable windshield mount tags, license plate mount tags as well as a new badge design to allow customers the choice of tag form factor best suited for their environment. "For years, Sirit has delivered products that push the boundaries of price and performance to the parking and vehicle access control industry," stated John Freund, Vice President, AVI Solutions, Sirit Inc. "Leveraging our history with RFID technology and with recent advances in design, Sirit is setting a new paradigm that makes traditional access control technology for vehicle applications obsolete." Sirit will showcase the new IDentity MaX as well as its complete suite of Parking and Vehicle Access Control products at IPI's Growth 2006 Conference/Exhibition, Mandalay Bay Convention Centre (Booth No. 914), Las Vegas, Nevada May 15 - 17, 2006.
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 12 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 are easily customized to address new and traditional RFID market applications including Supply Chain & Logistics, Cashless Payment, Access Control, Automatic Vehicle Identification, Inventory Control & Management, Asset Tracking and Product Authentication. For more information, visit www.sirit.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. 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 which are discussed in the section entitled "Description of the Business - Risks Factors" in Sirit's Annual Information Form dated March 16, 2006 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.