DRI Corporation Announces Strategic Order for Bus Fleet in Poland
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DRI Corporation (NASDAQ: TBUS), a digital communications technology leader in the global surface transportation and transit security markets, announced today that the Company's Mobitec AB (Mobitec) subsidiary in Sweden has received a strategically significant order valued at more than $500,000 USD for Mobitec® electronic destination sign systems and other equipment from Solaris Bus & Coach, a bus manufacturer in Poznañ, Poland.
David L. Turney, the Company's Chairman of the Board of Directors and Chief Executive Officer, said: 'We feel honored to have this opportunity in Warsaw, Poland; this is our first strategically significant order in that region. It is meaningful because Poland and the surrounding markets hold great potential for Mobitec® products. We plan to continue penetrating these markets as we look further east to Russia where we are actively marketing. Deliveries are expected to begin in third quarter 2010 and to conclude in fourth quarter 2010.'
Oliver Wels, the Company's President and Chief Operating Officer, Global Operations, said: 'In this breakthrough order for the transit market in Poland, the end customer specified Mobitec® electronic information display systems, including thin-film transistor screens and control units, for new diesel and hybrid city buses in the Warsaw transit fleet.'
For more information about Solaris Bus & Coach, visit solarisbus.com/en/index.html.
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 Corporation 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.
