Sirit Signs NFC Contract with BenQ Corporation

    Sirit to be multi-year supplier of embedded NFC software and services
    for mobile handsets

    TORONTO, June 5 /CNW/ - Sirit Inc. ("Sirit") (TSX: SI), a leading
provider of radio frequency identification (RFID) technology, announced today
that it has secured a Near Field Communications (NFC) contract with BenQ
Corporation ("BenQ"), one of the world's largest consumer electronics original
equipment manufacturers (OEM).
    The contract calls for Sirit to serve as BenQ's supplier of embedded NFC
software and technology engineering services for BenQ's forthcoming NFC mobile
smartphones and handsets. This design win further validates the value
proposition and expertise of Sirit's NFC team in helping OEMs shorten their
development cycles and time to market for NFC-enabled devices.
    "Given the significant and immediate opportunity for NFC handsets in the
Asia Pacific region and globally, time to market is critical to our success,"
said Dr. SS Chen, the Associated Vice President of Mobile Communication
Business Group of BenQ Corporation. "We chose Sirit's NFC team to help us in
our development of NFC handsets based on their early involvement in the NFC
market. Leveraging their demonstrated expertise with embedded NFC software and
successes working with OEMs, we are confident in the Sirit's NFC team's
ability to help accelerate our time to market."
    "BenQ is a multi-billion dollar Taiwan-based technology innovation
leader, supplying mass-market consumer devices including smartphones,
displays, and digital home peripherals," commented Chris Leong, Vice
President, NFC and Contactless at Sirit Inc. "We are honoured that BenQ has
chosen Sirit's NFC team as its supplier of embedded NFC software and services.
We look forward to helping BenQ capitalize on the NFC opportunity in the Asia
Pacific region and beyond."

    About Sirit Inc.

    Sirit Inc. (TSX: SI) is a leading provider of Radio Frequency
Identification (RFID) solutions 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 contactless
market applications including Near Field Communication, Supply Chain &
Logistics, Cashless Payment (including Electronic Tolling), Access Control,
Automatic Vehicle Identification, Inventory Control & Management, Asset
Tracking and Product Authentication.

    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

    "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: To learn more about Sirit's NFC capabilities,
please contact Chris Leong, Vice President NFC and Contactless at or (646) 321-6020

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