DRI Corporation Announces Domestic Order Valued at Approximately $2.2 Million
2011年11月2日 - 10:05PM
ビジネスワイヤ(英語)
DRI Corporation (NASDAQ: TBUS), a digital communications
technology leader in the global surface transportation and transit
security markets, announced today that its Digital Recorders, Inc.
subsidiary in Durham, N.C., has received an order for Digital
Recorders® automatic vehicle location (“AVL”) systems, valued at
approximately $2.2 million, from a transit operating authority
located in the Southeast.
David L. Turney, Chairman of the Board of Directors and Chief
Executive Officer, said: “This order is from a long-standing
Digital Recorders® customer. The project, which showcases much of
the Digital Recorders® engineered systems and services suite, may
enable the customer to leverage its current installed base of
Digital Recorders® Talking Bus® automatic voice announcement
systems with cost-effective upgrades that should optimize fleet
operation efficiencies. Through the products’ enhanced features,
the customer’s passengers also should be able to enjoy
user-friendly, Web-based applications.”
Deliveries are expected to commence in fourth quarter 2011 and
conclude in fourth quarter 2012. Deliverables include the Digital
Recorders® AVL; paratransit scheduling and monitoring, automatic
passenger counting, and OTvia2® Web-based passenger advisory
systems and wireless features.
ABOUT DIGITAL RECORDERS, INC.
Digital Recorders, Inc. designs, manufactures, sells, and
services intelligent transportation solutions for the U.S. transit
industry. Products include: Digital Recorders® computer-aided
dispatch/automatic vehicle location systems; Digital Recorders®
automatic vehicle monitoring systems; Talking Bus® automatic voice
announcement systems; Digital Recorders® vandal-resistant,
hands-free driver microphones; Digital Recorders® TransitVision™
video surveillance systems; Digital Recorders® VacTell® video
actionable intelligence systems; and more. Digital Recorders, Inc.,
a DRI Corporation subsidiary established in 1983, is based in
Durham, N.C. For more information, visit www.digitalrecorders.com.
ABOUT THE COMPANY
DRI Corporation is a digital communications technology
leader in the global surface transportation and transit security
markets. We manufacture, sell and service Mobitec® and
TwinVision® electronic information display systems and
Digital Recorders® engineered systems. These proprietary
systems and other related products and services help increase the
mobility, flow, safety and security of public transportation
agencies and their passengers. From our inception in 1983
through our fiscal year-end on Dec. 31, 2010, we’ve grown our
product installations to include public transit fleets in more than
50 countries, our annual sales revenues to $87.3 million, and our
global workforce to 275 people. We presently have operations
and/or sales offices in Australia, Brazil, Germany, Singapore,
Sweden and the United States, a joint venture in India, and
corporate administrative offices in Dallas, Texas. We also are
expanding into Russia. The next time you see a bus, think of
us.SM For more information, visit www.digrec.com.
FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements” within
the meaning of the Private Securities Litigation Reform Act of
1995. In particular, statements concerning the order’s uniqueness,
the project’s anticipated completion date, the transit agency’s
ability to help optimize fleet operation efficiencies and enrich
the ridership experience of passengers, as well as any statement,
express or implied, concerning future events or expectations or
which use words such as “expect,” “fully expect,” “expected,”
“appears,” “believe,” “plan,” “anticipate,” “would,” “goal,”
“potential,” “potentially,” “range,” “pursuit,” “run rate,”
“stronger,” “preliminarily,” “forecast,” “opinion,” etc., is a
forward-looking statement. These forward-looking statements are
subject to risks and uncertainties, including risks and
uncertainties that the order may not be unique, the project’s
completion date may not conclude when anticipated, and the transit
agency may not help optimize fleet operation efficiencies and/or
enrich the ridership experience of passengers, as well as other
risks and uncertainties set forth in the Company’s Annual Report on
Form 10-K as filed April 15, 2011 and Quarterly Report on Form 10-Q
as filed May 16, 2011 and Aug. 15, 2011, particularly those
identified in Risk Factors Affecting Our Business. There can be no
assurance that any expectation, express or implied, in a
forward-looking statement will prove correct or that the
contemplated event or result will occur as anticipated.
Digital Recorders (NASDAQ:TBUS)
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