IRVINE, Calif., Dec. 13, 2010 /PRNewswire/ -- Sirit Corp. ("Sirit"), a global provider of radio frequency identification ("RFID") technology, today announced that it has been awarded a contract by Washington State Department of Transportation (WSDOT) to supply its industry leading IDentity 5200 readers and tags for the SR 520 bridge in Seattle, as well as the existing SR 167 HOT lanes. The initial contract is valued at approximately $2.8 million.
Sirit will provide toll readers, along with both standard and self declaration transponders, for a toll collection system on SR 520 across Lake Washington. The SR 520 Toll Collection System is an open road tolling system which will automatically identify and classify each vehicle traveling in both directions at a single location on the highway and capture the transponder identification number.
The Sirit IDentity 5200 readers and tags selected by WSDOT will offer ISO-18000-6C technology, and are designed for long-range, high speed vehicle identification and tolling applications. The readers and tags are based on open standards and incorporate multiple protocols to enable interoperability with legacy tolling systems in Washington State, while ensuring that features and capabilities can be added as RFID technology continues to evolve.
"Open standards-based technology is leading the way in Electronic Toll Collection (ETC) applications. Sirit is excited to play a role in the innovative implementation of this emerging toll technology," said John Freund, President, Sirit Corp. "Sirit's ISO-18000-6C reader and transponder options offer a superior balance of performance and price for any ETC application," added Mr. Freund.
"We're pleased to partner with Sirit to bring some of the most advanced toll collection systems in the nation to Washington State," said WSDOT Toll Division Director Craig Stone. "Sirit was able to offer us an entire suite of 6C transponder options and has been very responsive to our needs."
About Sirit Corp.
Sirit Corp. is a business unit of Federal Signal Corporation (NYSE: FSS), a leader in environmental, safety and transportation solutions. Sirit 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 16 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 can be customized to address new and traditional RFID market applications including Supply Chain & Logistics, Cashless Payment (including Electronic Tolling), Access Control, Automatic Vehicle Identification, Inventory Control & Management, Asset Tracking and Product Authentication. For more information, visit www.sirit.com.
About Federal Signal
Federal Signal enhances the safety, security and well-being of communities and workplaces around the world. Founded in 1901, Federal Signal is a leading global designer and manufacturer of products and total solutions that serve municipal, governmental, industrial and transportation customers and markets. Headquartered in Oak Brook, IL, with manufacturing facilities worldwide, Federal Signal operates four groups: Safety and Security Systems, Environmental Solutions, Federal Signal Technologies, and Fire Rescue. For more information on Federal Signal, visit: http://www.federalsignal.com.
Cautionary Note Regarding Forward-Looking Statements
This release contains unaudited financial information and various forward-looking statements as of the date hereof and we undertake no obligation to update these forward-looking statements regardless of new developments or otherwise. Statements in this release that are not historical are forward-looking statements. Such statements are subject to various risks and uncertainties that could cause actual results to vary materially from those stated. Such risks and uncertainties include but are not limited to: economic conditions in various regions, product and price competition, supplier and raw material prices, foreign currency exchange rate changes, interest rate changes, increased legal expenses and litigation results, legal and regulatory developments and other risks and uncertainties described in Federal Signal's filings with the Securities and Exchange Commission.
"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.
SOURCE Sirit Inc.