Flexible Electronics News

Sirit Completes RSI ID Technologies Acquisition

The deal has been structured as an all stock transaction

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Sirit Inc., a leading provider of radio frequency identification (RFID) technology, has completed its acquisition of RSI ID Technologies, Inc. (RSI). RSI is an industry leading, vertically integrated manufacturer of antennas, inlays and tags for specialized, passive RFID applications.   In accordance with the terms of the agreement announced on March 4, 2008, the deal has been structured as an all stock transaction with an initial payment of 10 million Sirit Common Shares plus additional shar...

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