Sirit Announces New Solution for the Electronic Vehicle Registration Market



    High performance IDentity 5100 reader targets global market; 650 million
    cars

    VIENNA, Austria, Oct. 9 /CNW/ - Sirit Inc. ("Sirit") (TSX: SI), a leading
provider of radio frequency identification (RFID) technology, today introduced
its latest Automatic Vehicle Identification ("AVI") reader solution, the
IDentity 5100, at the International Bridge, Tunnel and Turnpike Association's
75th Annual Meeting and Exhibition in Vienna, Austria.
    The IDentity 5100 builds on the Company's AVI expertise and advanced
architecture to deliver an RFID reader solution for use in a variety of
traditional and new AVI applications including Electronic Vehicle Registration
(EVR) and Electronic Vehicle Identification (EVI) deployments. The IDentity
5100 reader was designed to communicate with vehicles traveling up to
100 miles per hour (160 kilometers per hour) and supports North American,
European and other worldwide regulatory environments making it a suitable EVR
solution for any country.
    "Our new IDentity 5100 was designed to leverage Sirit's best in class
RFID reader technology and years of AVI experience to deliver a high
performance solution for the emerging EVR market," said John Freund, Vice
President, AVI Solutions, Sirit Inc. "Market estimates suggest that between
five to ten percent of vehicles are not registered with government agencies
resulting in lost revenue and public and environmental safety issues. The
IDentity 5100 is a cost effective, global solution that can automate
registration compliance and enforcement thereby reducing the number of unsafe
vehicles on the roads."

    The EVR Infrastructure

    The traditional registration methods used by most agencies, both foreign
and domestic, are annually replaced visual-based stickers. In an EVR system
deployment, motor vehicles are outfitted with RFID transponders issued through
vehicle inspection and registration offices.
    An entire EVR system consists of RFID transponders, antennas, readers and
a host computer database system. A unique electronic identification code is
assigned to each vehicle via the tamper-resistant windshield RFID sticker
transponder and each unique code is linked to a record in the centralized
vehicle-database. The EVR reader network of fixed reader points (similar to
electronic tolling plazas) and randomly located handheld readers then verifies
vehicle registration compliance. A back-office processing system generates
violation citations.
    The IDentity 5100 solution protects both privacy and anonymity as no
personal data is maintained on the transponders while authentication layers on
the EVR reader provide additional security to the system making EVR an
effective and attractive method to enforce transportation regulations. Motor
vehicle compliance and enforcement is a growing issue throughout the world,
and EVR is a solution which maximizes agencies' ability to collect
registration fees, process violations, and drive future infrastructure
funding.
    "The IDentity 5100 continues Sirit's tradition of developing open
standard-based solutions and vastly expands the addressable AVI market
opportunities for Sirit in areas of the world that we have not traditionally
focused. The performance and cost benefits of implementing our globally
compliant EVR system are too compelling for countries - both large and small -
not to consider using this emerging technology," concluded Freund.

    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 13 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 (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.

    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 19, 2007 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. Sirit does not undertake any obligation to update any
forward-looking statements contained in this document as a result of new
information, further events or otherwise.

    "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.





For further information:

For further information: Lorelei L. Luchkiw, Sirit Inc., (416) 367-1897
x249, lluchkiw@sirit.com

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