Sirit Broadens Distribution Agreement with Component Distributors, Inc. (CDI)

    TORONTO, March 27 /CNW/ - Sirit Inc. ("Sirit") (TSX: SI), a leading
provider of radio frequency identification ("RFID") technology, announced
today that Component Distributors, Inc., a high-tech electronics distributor
based in Denver, Colorado, has signed an extended distributor agreement with
Sirit to carry its full line of INfinity RFID reader modules throughout the
United States, Canada and Mexico.
    CDI officially launched their support of Sirit's INfinity product line
with an eWave campaign, CDI's monthly publication serving more than 10,000
engineers spanning wireless, microwave and RF, in March. In addition to
providing rapid order fulfillment capabilities through its online portal,, CDI will offer application engineering support to
assist new OEM customers integrate Sirit's line of low frequency (LF), high
frequency (HF) and ultra high frequency (UHF) INfinity RFID reader
capabilities into their products and solutions.
    "Sirit has benefited from its distribution agreement with CDI who have
proven to be a strong extension of our own in-house sales and support team -
having carried the Plug-n-Play line of HF readers for several months,"
commented Tony Sabetti, Vice President, RF Solutions, Sirit Inc. "By extending
the agreement to include our INfinity line of RFID reader modules, we can
further leverage CDI's sales team and technical support capabilities to assist
OEM's and resellers with quick time to market design-ins across a broad range
of industries."
    "We are excited to expand our portfolio offerings and experience in
wireless, microwave and RF chip sales by adding RFID through Sirit's INfinity
series. RFID is a growing area of technological expansion for many of our
clients who can now come to us for the supply and support of RFID readers
across a wide range of frequencies," said John Williammee, President and CEO
of Component Distributors, Inc. "We are excited about the opportunity for CDI
to bring new innovations through this partnership for many years to come."

    About CDI

    Headquartered in Denver, Colorado, CDI is a High Tech Electronics
Distributor providing world-class service, which creates increased
efficiencies, product demand, and the ability to capture new opportunities for
our customers and partners.
    CDI distributes semiconductor, discrete, passive, electro-mechanical
components and power supplies. CDI is an employee owned enterprise, providing
information-related services ensuring accurate and timely transactions between
supplier and customer within the US, Canada and Mexico.
    For more information, you may contact CDI at 1 (800) 777-7334, or visit
our web site at for a list of products, services, and
to locate a sales location near you.

    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, Near Field Communication,
Cashless Payment (including Electronic Tolling), Access Control, Automatic
Vehicle Identification, Inventory Control & Management, Asset Tracking and
Product Authentication. For more information, visit

    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. 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

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