Sirit Inc. (Sirit) is a technology company specializing in the design, development, manufacture and implementation of radio frequency identification (RFID) products and solutions, including tags and readers. Sirit provides technology for use in tolling, emission control, electronic vehicle registration (EVR), parking and access control solutions and is one of the top solution providers of active and passive automatic vehicle identification (AVI) technology. Sirit’s operations are 100% focused on its RFID technology business segment. During the year ended December 31, 2008, its AVI application sales generated approximately 77% of the revenue. In April 2008, the Company acquired RSI ID Technologies, Inc.