Updates: I took the Connie out for a short ride this afternoon and I managed to read out the ID of the front sensor by placing the pad close to the valve stem.
I then used the ID to program to the new sensor. This evening, I was curious to see if the new sensor was programmed correctly. So, I started the engine and used the pad to wake up the sensor. In about 30 seconds, my bike picked up the signal and showed 0 PSI.
I was pretty stoked that this worked. The next thing to do is to remove the wheel and tire to replace the sensor.
Thanks again to Big Red, dbird29 and Boomer for your help and suggestions.
Thanks guys. Will give it a shot. I did not have a chance to bring the bike out these few days. Should have some time this weekend to try it out.