DRI Corporation Announces Intelligent Transportation System Order Valued at Approximately $551,000
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Order Slated for Western Contra Costa Transit Authority
Products to Integrate With California's Regional 511 System
DALLAS, Feb. 12, 2008 - DRI Corporation (DRI) (NASDAQ: TBUS), a digital communications
technology leader in the domestic and international surface transportation and transit security markets, announced today that its Digital Recorders, Inc. (DR) subsidiary, based in Durham, N.C., has received an order for intelligent transportation systems valued at approximately $551,000 from Western Contra Costa Transit Authority (WestCAT) in California.
David L. Turney, the Company's Chairman, President, and Chief Executive Officer, said: "DR has been contracted to manufacture and deliver intelligent transportation systems for the WestCAT bus fleet. Products ordered include the Digital Recorders® automatic vehicle location system, Talking Bus® automatic voice annunciation system and OTvia® software, which provides passenger advisory information for display signs - some of which will be supplied by DRI's TwinVision na, Inc. subsidiary in Durham,
N.C. The OTvia® system also will provide connectivity to WestCAT's Regional 511 system, which is an exciting tool that enables passengers to telephone 5-1-1 to learn about their bus schedule. The project will commence in first quarter 2008 and is expected to conclude in fourth quarter 2008."
WestCAT provides local, express, and regional service to the California cities of Pinole and Hercules and the unincorporated communities of Montalvin Manor, Tara Hills, Bayview, Rodeo, Crockett, and Port Costa.
ABOUT THE DIGITAL RECORDERS, INC. SUBSIDIARY
Established in 1983, the Company's Digital Recorders, Inc. subsidiary develops and manufactures intelligent transportation products for the transit industry. Products include: Digital Recorders® computeraided 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; VacTell(TM) video actionable intelligence systems, and more.
For more information, visit www.digitalrecorders.com.
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(TM) 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.
DRI Corporation
5949 Sherry Lane, Suite 1050
Dallas, Texas 75225
Phone: (214) 378-8992
Fax: (214) 378-8437
www.digrec.com
DRI Corporation Contact:
Veronica B. Marks
Manager, Corporate Communications
Phone: (214) 378-4776
Fax: (214) 378-8437
E-Mail: veronicam@digrec.com
Sharon Merrill Associates, Inc.
Contact:
David C. Calusdian
Executive Vice President and Partner
Phone: (617) 542-5300
Fax: (617) 423-7272
E-Mail: dcalusdian@investorrelations.com
