2012-11-16: 3M are moving to integrate the manufacturing operations and research and development of the acquired Federal Signal Technology group into their facilities in Austin TX. Sirit's 6C sticker tag line is currently in a small industrial park in Chula Vista just off the South Bay Expressway in the San Diego area of California, and it will be closed, and equipment and jobs transferred to Austin Texas.
Sirit president John Freund joining Kapsch - will the Austria-based company compete in sticker tags?
2012-10-21: In one of the biggest toll industry personnel changes in recent times John Freund left 3M/Sirit this week to work for Kapsch. His appointment at Kapsch has not yet been officially announced, but a 3M spokesman has confirmed he left them voluntarily Wednesday, and we have it on good authority his leaving was due to an offer by rival Kapsch.
A close look at the text of Neology's complaint against Federal Signal and subsidiary Sirit shows it not only challenges their right to sell their range of equipment for ISO 18000-6C (6C) tags and readers used in what has been regarded as open standard and non-proprietary electronic toll collection but also in its parking and supply chain RFID systems.
Federal Signal and its Sirit unit have been sued in US District Court by Neology over six alleged breaches of Neology 6C patents. The lawsuit was filed today in the US court in Delaware where both companies are registered.
The lawsuit demands that Federal Signal and related companies such as its subsidiary Sirit cease manufacturing, marketing and selling the ISO 18000 6C protocol RFID tags, readers and systems.
Washington State DOT say they are going with a new family of ISO 18000 6C transponders from Federal Signal/Sirit (FS/S) at the front end of their "Good To Go!" brand electronic tolling. They are presently using eGo Plus sticker tags from TransCore - a proprietary development of the previous generation ISO 18000 6B system.
Sirit shareholders have approved 46c/share (C-shares) price for their acquisition by Federal Signal (FS) after a mystery competitor for control of the Toronto Canada based electronic toll systems supplier caused two previous increases in the price bid by Federal Signal. Approval was by majority vote at a shareholder meeting in Toronto today.
Federal Signal have found yet more value in Sirit upping their offer a second time this week - this time to 46c/share 3c or 7% more in an apparent bidding war with a mystery rival for control of the Toronto based electronic toller.
Federal Signal has upped its offer for Sirit by 43% after a mystery competing bid for the Toronto Ontario manufacturer and supplier of RFID transponder-reader systems. The offer is now $69m v the $43m previously agreed for the acquisition.
Stock of Sirit were trading on Canadian stock exchanges before the announcement today at the 30c per share from the earlier agreement with Federal Signal.
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.