Sirit Secures US$4.8M Annual RFID Transponder Supplier Contract
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Manufacturing News, Source : The Manufacturer US
Zone : IT in manufacturing
Published : 10 May 2007 12:24
TORONTO, May 10 /CNW/ - Sirit Inc. (TSX: SI), a leading provider of radio frequency identification (RFID) technology, announced today that it has been
awarded, through a competitive bid process, an order valued up to US$4.8 million 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.
"Sirit continues to be a strong partner in helping us meet our goals of growing the customer base of toll users in the Bay Area," commented Linda Lee,
FasTrak(R) Project Manager for BATA. "We look forward to working with the Sirit team throughout the coming year and thank them for their outstanding
support over the past three years."
"BATA continues to drive new user demand with innovative programs and distribution strategies aimed at growing their customer base," commented John Freund, Vice President, AVI Solutions, Sirit Inc. "We are thrilled to be the successful supplier and to be able to continue to provide our toll transponder technology to BATA for yet another year."
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