Sirit, the leading electronic toll supplier to California is being acquired by Federal Signal. The Toronto Canada based company says it has signed a "definitive agreement to be acquired" by Federal Signal in a $48m (C$49.5m) deal.
The first installation of roadside systems for Mexico's ambitious nationwide electronic vehicle registration (EVR) has been completed by Sirit and Axiompass. The installation using Sirit's open road tolling technology including ID5100 readers, Sirit lane controllers and software and PIPS cameras produces a system that can simultaneously read the electronic registration stickers by RFID and their license plate numbers with cameras.
Sirit are a great little company up there in cold Canada. Without their FasTrak transponders Californians would still all be puttering around assembling coins for coin baskets or lining up to pay tolls with bills in outstretched hands ... but they have just committed an unforgivable crime against the language we share.
Sirit have brought out a new multi-protocol reader to improve their toll offering. Called the IDentity 5200 (or ID5200) it is described as "ruggedized" and providing more flexibility than the ID5100, presently the company's major toll reader. The ID5200 reader can cover two full lanes of traffic and read transponders of two quite different protocols.
Bay Area Toll Authority (BATA) have given Sirit a $6.6m contract for 410k more California standard Title 21 transponders at an average price of $16.10 each. They are interoperable throughout the state under the FasTrak brandname.
Sirit dominant supplier of electronic toll equipment to California and a partner with 3M in producing sticker tags announces it's teaming with eriginate corp to produce a UHF cattle ear tag to work with Sirit's IDentity 5100 reader.
Sirit, dominant supplier of transponder-reader systems in the US west, reports solid revenue and near profitability in their fourth quarter. Revenue, they report was C$6.3m 2008Q4 vs C$5.4m 2007Q4. (C$1=78c) The company says that AVI (automatic vehicle identification) for toll, parking and access revenues went from C$4.2m in 2007Q4 to C$5.6m in 2008Q4.
Total revenue for the 2009 fiscal year was C$19.2m of which AVI revenue was C$14.9m.
Sirit announced today it had received an order for Title 21 (T21) equipment from InTranS which is doing system integration on six lanes of open road tolling at the Golden Ears Bridge that is well into construction in the east of Vancouver BC.
A joint venture of 3M and Sirit is quietly mounting a major challenge to TransCore's supremacy in sticker tags for tolling and other motor vehicle identification.