SIRIT Company Description
When it comes to radio frequency identification, SIRIT has spirit. Founded in 1993, the company designs, manufactures, and sells radio frequency identification (RFID) systems, used in electronic toll identification, traffic management, cashless payment systems, product identification, supply chain management applications, and access control. The company's IDentity Title 21 tags (designed for highway speed monitoring applications) and readers are used in California, Colorado, South America, and China. Among its customers are municipal and state highway agencies. Cost-reduction efforts prompted the company to lay off more than 15% of its workforce in 2005.
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The Company Description provides a historical perspective of SIRIT's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of SIRIT's evolution in the marketplace.
