DRI Corporation Announces Transit Security Order Valued at Approximately $1 Million
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Video Security Systems Slated for Minneapolis/St. Paul Metro Transit Fleet
DALLAS, Feb. 5, 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. subsidiary, based in Durham, N.C., has received an order for video security systems valued at approximately $1 million from a major bus vehicle manufacturer.
"This order is an example of the growing opportunity for DRI in the security market. The video security systems purchased on behalf of the Minneapolis/St. Paul Metro Transit fleet will help officials there to ensure passenger and driver safety on board bus transit vehicles. Product delivery is expected to commence in first quarter 2008 and to conclude in fourth quarter 2008," David L. Turney, the Company's Chairman,
President, and Chief Executive Officer, said.
The video security systems are provided through an agreement between the Company's Digital Recorders, Inc. subsidiary and Verint Systems Inc. (VRNT.PK), based in Melville, N.Y. Established and announced in May 2005, the agreement combines DRI's on-vehicle information capture, processing, and storage technologies with Verint Systems Inc.'s off-vehicle surveillance technologies to produce co-branded products offering a unique approach to security risk mitigation for operators of surface transportation
systems. The resulting security-related products include on-vehicle video surveillance interfaces with DRI's global positioning, satellite-based automatic vehicle location and monitoring products.
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.talkingbus.com.
DRI Corporation Contact:
Veronica B. Marks
Manager, Corporate Communications
Phone: (214) 378-4776
Fax: (214) 378-8437
E-Mail: veronicam@digrec.com
