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 valued at more than $1.5 million from a U.S. transit authority located in the Southeast.
David L. Turney, the Company’s Chairman and Chief Executive Officer, said: “Shipment is expected to commence in second quarter 2010 and to conclude in fiscal year 2010. This order, which reflects our end-customer’s confidence in our Digital Recorders® engineered systems, is significant to our fiscal year 2010 business plans and continued technology development. The order also is directly related to U.S. stimulus funding projects.”
Products ordered include: Talking Bus® automatic voice announcement systems; Digital Recorders® automatic vehicle location and tracking systems; OTvia™ real-time passenger information systems; and PASS™ passenger advisory sign systems. Providing transit system operators with timely information regarding vehicle operation, location and security, these products also help transit passengers quickly obtain travel information for a more user-friendly travel experience.
Source:http://www.tradershuddle.com/2010042210545/Press-Releases/DRI-Corporation-Announces-U.S.-Order-for-Digital-Recorders®-Engineered-Systems.html
