Sirit Inc. (SI.TO) announced it has entered into a strategic supply deal with 3M's Brazilian subsidiary for its RFID reader and tag technology, based upon open architecture protocols, to support transportation-related projects in the Brazilian market.
The company noted that this deal builds upon the Global Cooperative Marketing Deal that was signed earlier this year between 3M's Traffic Safety Systems Division and it.
The company stated that the strategic partnership both the companies has resulted in a successful proof of concept for tolling applications in many States such as Rio Grande do Sul and Rio de Janeiro.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.