Raytheon Company
NYSE : RTN

SIRIT Inc.
TSX : SI

SIRIT Inc.

November 07, 2005 13:00 ET

Consortium Demonstrates 5.9 GHz DSRC Technology; Unprecedented Industry Collaboration Speeds Development

SAN FRANCISCO--(CCNMatthews - Nov 7, 2005) -

Members of the Dedicated Short-Range Communications (DSRC) Industry Consortium, including MARK IV, Raytheon, Sirit Inc. and TransCore, will demonstrate units of next generation 5.9 GHz DSRC communications technology at the ITS World Congress, held in San Francisco Nov. 7-10. This occurs just 17 months after the consortium agreed to complete the standards and build prototypes under contract to the U.S. Department of Transportation (DOT).

5.9 GHz DSRC is a powerful new communication medium between moving vehicles and the roadway as well as directly among moving vehicles. DSRC uses an allocation of radio frequency spectrum established by the FCC to enable a broad slate of public and private safety applications that promise to enhance the productivity of the nation's transportation system. The development of 5.9 GHz DSRC is a critical milestone toward introduction of numerous applications such as intersection collision warning, curve speed warning, rollover warning, emergency electronic brake lights, nationally interoperable electronic toll collection and many others, some of which have not yet been conceived. Focusing on safety applications is part of the federal government's commitment to reducing vehicle fatalities by 50 percent in 10 years.

Government and vehicle manufacturers plan to make a collaborative decision on deployment of DSRC in the year 2008 that could signal the beginning of the deployment process in the auto industry and public agencies.

About the Consortium Member Companies

About MARK IV Transportation Technologies

MARK IV Transportation Technologies is a division of MARK IV Industries Inc., a $1.7 billion global diversified manufacturing company headquartered in Amherst, N.Y., employing approximately 7,500 people in 16 countries. The company's business units are leading suppliers to the industrial/distribution and automotive OEM markets. The industrial/distribution business unit includes transportation technologies operations that are focused on intelligent vehicle highway systems and passenger information and display systems. MARK IV is the leading electronic toll collection equipment manufacturer in North America. The highly renowned E-ZPass® system, located in the northeast, is equipped with MARK IV products. MARK IV brand names include Roadcheck™, Fusion™, Smart Fusion™, MGate™, Fusion CVO™, Ubiquity™, and Otto on Board™. For more information, visit www.ivhs.com.

About Raytheon

Raytheon Company (NYSE:RTN), with 2003 sales of $18.1 billion, is an industry leader in defense and government electronics, space, information technology, technical services, and business and special mission aircraft. With headquarters in Waltham, Mass., Raytheon employs 78,000 people worldwide. Raytheon's Highway Transportation Management Systems Business Area is a turnkey supplier of electronic toll collection systems. The company used innovative technologies such as active DSRC protocol and vehicle tracking as part of the world's first all electronic open road tolling system Highway 407 in Toronto, Canada. For more information visit: http://www.raytheon.com/htms

About Sirit Inc.

Sirit Inc. (TSX:SI) is a leading provider of Radio Frequency Identification (RFID) reader technology to OEMs and solution providers worldwide. Harnessing the power of Sirit's enabling-RFID technology, customers are able to more rapidly bring high quality RFID solutions to the market with reduced initial engineering costs. Sirit's products are built on more than 12 years of RF domain expertise addressing multiple frequencies (LF/HF/UHF), multiple protocols and are compliant with global standards. Sirit's broad portfolio of products and capabilities are easily customized to address new and traditional RFID market applications including Supply Chain & Logistics, Cashless Payment, Access Control, Automatic Vehicle Identification, Inventory Control & Management, Asset Tracking and Product Authentication. For more information, visit www.sirit.com

About TransCore

TransCore, a transportation services company with 1,800 employees and 80 locations worldwide, is a unit of Roper Industries, a $1.4 billion diversified industrial technology company. With installations in 41 countries, more than 100 patents and pioneering applications of RFID, GPS and satellite communications technologies, TransCore's technical expertise is unparalleled in the markets it serves. TransCore's 60-year heritage spans the development of RFID transportation applications at Los Alamos National Labs to implementation of the nation's first electronic toll system to establishing North America's first freight matching network. For more information, visit www.transcore.com.

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