Sirit announced that the Ontario Superior Court of Justice has issued a final order approving the previously announced plan under which Federal Signal Corporation will acquire all of the issued and outstanding common shares of Sirit for $0.46 per share in cash.

As previously announced, Sirit signed a second amendment to its definitive arrangement agreement with Federal Signal, whereby Federal Signal would acquire all of the issued and outstanding Common Shares for cash consideration of $0.46 per share, an increase of $0.16 per share or 53% over the original cash consideration announced.

Sirit shareholders already approved the arrangement at a recent meeting of shareholders held on February 26, 2010. The Company expects the transaction to close on or about March 5, subject to the satisfaction of certain closing conditions.