Business Wire
Welcome
  • Log In
  • Sign Up
Search News:
Help
http://www.digrec.com
February 09, 2010 09:05 AM Eastern Time 

DRI Corporation Announces Order From Major Transit Operator in Belgium

  • Order Valued at Approximately $1.4 Million USD
  • Deliveries Expected to Commence and Conclude in FY2010

DALLAS--(BUSINESS WIRE)--DRI Corporation (DRI) (NASDAQ: TBUS), a digital communications technology leader in the domestic and international surface transportation and transit security markets, announced today that the Company’s Mobitec AB (Mobitec) subsidiary in Sweden has received an order for Mobitec® electronic destination sign systems and other equipment for DeLijn, a major transit operator in Belgium. The order is valued at approximately $1.4 million USD.

David L. Turney, the Company’s Chairman, President and Chief Executive Officer, said: “With multiple depots across Belgium, DeLijn operates the largest network of trams and buses in five Flemish provinces. The organization, which provides public transportation services to more than 483 million passengers each year, already has Mobitec® products installed on a large percentage of its vehicle fleet. We feel honored to have this opportunity to continue serving DeLijn, a highly valued and respected customer for many years. Deliveries are expected to begin in first quarter 2010 and to conclude in fiscal year 2010.”

Products ordered include Mobitec® electronic information display systems, Mobitec® voice announcement systems, and Mobitec® global positioning satellite control units. The products will be installed on new regular and hybrid city buses in the DeLijn transit fleet.

For more information about DeLijn, visit www.delijn.be.

ABOUT MOBITEC GROUP

Mobitec, a global supplier of electronic information display systems, is highly respected for its products, technology, service, and quality. Mobitec is based in Herrljunga, Sweden. It presently operates business units in Australia, Brazil, Germany and Singapore, as well as a joint venture in India. For more information, visit www.mobitec.eu.

ABOUT THE COMPANY

DRI is a digital communications technology leader in the domestic and international public transportation and transit security markets. Our products include: TwinVision® and Mobitec® electronic destination sign systems, Talking Bus® voice announcement systems, Digital Recorders® Internet-based passenger information and automatic vehicle location/monitoring systems, and VacTell® video actionable intelligence systems. Our products help increase the mobility, flow, safety, and security of people who rely upon transportation infrastructure around the globe. Using proprietary hardware and software applications, our products provide easy-to-understand, real-time information that assists users and operators of transit bus and rail vehicles in locating, identifying, boarding, tracking, scheduling, and managing those vehicles. Our products also aid transit vehicle operators in their quest to increase ridership and reduce fuel consumption, as well as to identify and mitigate security risks on transit vehicles. Positioned not only to serve and address mobility, energy conservation, and environmental concerns, our products also serve the growing U.S. Homeland Security market. For more information about the Company and its operations worldwide, go to 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 timing of completed orders, Mobitec’s relationship with DeLijn, 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 associated with the anticipated time for orders to be completed, Mobitec’s relationship with DeLijn, as well as other risks and uncertainties set forth in our Annual Report on Form 10-K filed March 31, 2009, and as updated in our Quarterly Report on Form 10-Q filed Nov. 16, 2009, 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.

Contacts

DRI Corporation Contact:
Veronica B. Marks
Manager, Corporate Communications
Phone: (214) 378-4776
Fax: (214) 378-8437
E-Mail: ir@digrec.com

Recent Stories from DRI Corporation

  • View Press Release
    DRI Corporation Announces Transition to OTCQB Marketplace
    December 28, 2011
    DALLAS--(BUSINESS WIRE)--DRI Corporation Announces Transition to OTCQB Marketplace; Transition is Expected to Help Reduce Expenses; Management Remains Committed to Providing Ongoing Transparency an... more »
  • View Press Release
    DRI Corporation Announces Plans to Voluntarily Delist From NASDAQ
    December 16, 2011
    DALLAS--(BUSINESS WIRE)--DRI Corporation Announces Plans to Voluntarily Delist From NASDAQ; Company Plans to Transition to OTCQBâ„¢ Marketplace for Continued Orderly Trading; Action Initiated to Redu... more »
  • View Press Release
    DRI Corporation Receives NASDAQ Notice of 180-Day Extension of Time to Satisfy Bid Price Rule
    December 12, 2011
    DALLAS--(BUSINESS WIRE)--DRI Corporation Receives NASDAQ Notice of 180-Day Extension of Time to Satisfy Bid Price Rule more »
More Stories
RSS feed for DRI Corporation
http://www.digrec.com

Release Versions

  • EON: Enhanced Online News

Company Information Center

DRI Corporation RSS feed for DRI Corporation

NASDAQ:TBUS

Share

  • Facebook
  • Twitter
  • LinkedIn
  • Delicious
  • Reddit
  • StumbleUpon
  • Digg
  • MySpace
  • Newsvine
  • Google Bookmark
  • Yahoo! Bookmark
  • EmailEmail
Tweet
  • EmailEmail
All News
Business Wire
  • Home
    • Home
    • Membership Benefits
    • Submit a Press Release
  • News
    • All News
    • News with Multimedia
    • News by Industry
    • News by Subject
    • News by Language
    • RSS Feeds
    • Business Wire Mobile
    • Features
    • Company NewsCenters
    • Smart Marketing Pages
    • Company Profiles
    • Annual Reports
  • Events
    • Trade Shows & Events
    • Earnings & Conference Calls
    • Business Wire Events
  • PR Services
    • Press Release Distribution
    • Distribution Lists
    • Industry Targeting
    • LatinoWire & Ethnic Media
    • Public Policy Wire
    • Trade Show Services
    • Photos & Multimedia Marketing
    • GloMoSoMe
    • Press Release Measurement
    • Mobile Alerts
    • Clips & Research
    • Fax & Email Services
    • Online Newsrooms
    • News Feeds
  • IR Services
    • Material News Disclosure
    • XBRL
    • EDGAR (US)
    • IPO Services
    • SEDAR (Canada)
    • European Disclosure
    • Corporate Social Responsibility (CSR)
    • Investor Targeting
    • Fax & Email Services
    • Online Investor Centers
    • IR Resource Center
  • SEO Services
    • Press Release Optimization
    • EON: Enhanced Online News
    • Webinars & Resources
  • Journalist Tools
    • PressPass: Your News
    • Conduct Surveys
    • Business Wire News Feeds
    • Business Wire News On Your Website
    • Journalism Associations
  • Support & Education
    • FAQ
    • How to Write a Press Release
    • How To Optimize a Press Release for Search
    • How to Distribute a Press Release
    • Find Your News Online
    • Sample Press Release
    • Features News Tips
    • International Media Tips
    • SEC Regulations
    • Exchange Guidelines
    • White Papers
    • Webinars & Podcasts
    • Get WiredIn!
  • About Us
    • Business Wire Newsroom
    • Contact Us
    • History
    • Jobs
  • About Us
  • Contact Us
  • Site Map
  • Privacy Statement
  • Terms of Use
  • ©2012 Business Wire

More Business Wire sites

  • Canada
  • UK/Ireland
  • Deutschland
  • France
  • Italy
  • Japan
  • EON: Enhanced Online News
  • Tradeshownews.com
  • PYMNTS.com

About Us

  • Business Wire Newsroom
  • Contact Us
  • Business Wired blog

News on BusinessWire.com

  • All News
  • RSS Feeds
  • Business Wire Mobile Apps

Follow Us on Twitter

  • @BusinessWire
  • @BWSportsWire
  • @BWPolitics
  • @BWCSRNews
  • @EONpr
  • @TradeshowNews
  • @BW_Canada
  • @BWIntlMedia
  • @BWInfoDiva
  • @BusinessWireFR

Like Us on Facebook

  • Business Wire
  • Tradeshow News