Sirit, TAGSYS Announce RFID Technology Partnership

Sirit’s UHF reader technology and TAGSYS’ RFID infrastructure combine to deliver turnkey, high-performing RFID solution

Sirit Inc. (“Sirit”) (TSX: SI), a leading provider of radio frequency identification (“RFID”) technologies, today announced a comprehensive partnership with TAGSYS, a global leader in item-level RFID infrastructure. The partnership further reinforces Sirit’s position as the leading supplier of UHF reader technology and provides TAGSYS with a more powerful RFID infrastructure, enabling companies to rapidly deploy and maintain RFID solutions.

As part of the agreement, TAGSYS will release its RXU-400 UHF fixed reader built on Sirit’s performance-leading INfinity 510 platform. Also, TAGSYS’ integrated tunnel systems, with proven capability to deliver Six Sigma performance, will be developed for UHF item-level applications powered by Sirit’s reader technology.

“We are pleased to reach an agreement with TAGSYS that leverages each company’s strengths and core competencies,” stated Tony Sabetti, vice president, RF Solutions for Sirit. “The INfinity 510 has proven to provide outstanding performance in the types of implementations in which TAGSYS is involved due to its strong feature-set and proprietary tag acquisition algorithms. TAGSYS leads the way in RFID applications for several key markets, such as fashion and pharmaceuticals, and we look forward to further developing this solutions-based relationship.”

“Bringing together complementary technologies from Sirit and TAGSYS represents an important milestone in our ability to bring the best technology to our customers, which leads to integrated, application-specific systems that exceed customer expectations,” said Fred Kohout, chief marketing officer for TAGSYS. “We performed extensive testing and evaluation of various readers, and Sirit’s INfinity 510 platform is clearly the type of product we want to deliver to our customers in terms of performance, reliability, and reader management capabilities.”

The technology partnership also includes e-connectware(TM), the innovative software from TAGSYS that remotely manages and optimizes RFID networks in real-time. e-connectware enables high-quality service levels and ensures data accuracy and integrity in item-level tagging. Sirit will certify the INfinity 510 and the RXU-400 from TAGSYS for compatibility with e-connectware.

“The INfinity 510 continues to live up to its ‘best in class’ reputation as is evidenced by customer field tests, the ODIN technologies European Reader Benchmark(TM) report, and now the selection by TAGSYS as its primary UHF reader platform,” continued Sabetti. “Along with outstanding field performance with large tag populations in challenging environments, our customers also tell us the broad portfolio of configuration and enterprise management tools set the INfinity 510 apart from competitive readers.”

TAGSYS will display the RXU-400 and its UHF product family at Euroshop in Dusseldorf, Germany, from Feb 23 through Feb 27, 2008 in booth D11, Hall 7A. Sirit will also exhibit their reader solutions for the retail market in booth D20, Hall 7A at Euroshop.

About Sirit

Sirit Inc. (TSX: SI | news | PowerRating | PR Charts ) 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 14 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, Near Field Communications, Inventory Control & Management, Asset Tracking and Product Authentication. For more information, visit www.sirit.com.

About TAGSYS

TAGSYS is the global leader in item-level RFID infrastructure. TAGSYS provides RFID systems and tags for end-to-end item-level tracking that automates labor-intensive processes, authenticates and safeguards goods, and enables real-time inventory and asset visibility. With a proven track record of delivering Reliable, Accurate and Secure (R.A.S.) RFID systems and tags, TAGSYS has deployed over 100 million tags and 60,000 reader systems to over 500 customers in more than 40 countries. TAGSYS’ RFID solutions are currently being deployed in a range of highly specialized vertical markets that include pharmaceutical, fashion apparel, libraries, and textile rental. The company is headquartered in Cambridge, Massachusetts with offices and R&D Centers in France, in Pennsylvania and in Hong Kong. More information on TAGSYS can be found at www.tagsysrfid.com. e-Connectware is a registered trademark of TAGSYS.

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. SOURCE: Sirit Inc.