Mobitec Exhibiting at UITP Congress and Showcase in Qatar, Oct.
25-27, 2009 DRI
Corporation (DRI) (NASDAQ: TBUS), a digital communications
technology leader in the global surface transportation and transit
security markets, announced today that the Company's U.S.-based senior
management together with staff from the Mobitec AB (Mobitec) subsidiary,
based in Sweden, are exhibiting at the International Association of
Public Transport (UITP) 2nd Middle East and North Africa (MENA) Public
Transport Congress and Showcase, "Public Transport in the MENA Region:
Turning Ideas Into Reality," Oct. 25-27, 2009, at the Grand Hyatt Hotel
in Doha, Qatar.
David L. Turney, the Company's Chairman, President and Chief Executive
Officer, said "This bi-annual UITP event is expected to attract
government officials, traffic police, contractors, planners, transit
professionals, and distributors from around the globe. As the largest
public transit event in the MENA region, we anticipate visiting with key
public transit agencies from Iran, Jordan, Kuwait, Morocco, Qatar, Saudi
Arabia, Syria, Tunisia, and the United Arab Emirates. We consider the
Middle East to be a significant growth opportunity in the international
transit market, as evidenced by the orders announced in March 2009 for
the transit system operator in Dubai. We will discuss Mobitec® products
and services with customers and prospective customers at exhibit booth
number 2A02 throughout the conference to further position the Company as
a local participant in this important, growing transit market."
For more information about this UITP event, visit http://www.uitp.org/events/2009/qatar/en/index.cfm.
ABOUT MOBITEC
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
global surface 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 the UITP event and its attendees'
potential interest in the Company and its Mobitec® products and
services; our growth opportunities in MENA countries; the size of the
MENA transit market for our products; the future growth of the MENA
transit market for our products; 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 event and its attendees' potential
interest in the Company and its Mobitec® products and services; the risk
that our assessment of the growth opportunities in MENA countries may
not occur; the risk that our assessment of the size of the MENA transit
market for our products may be inaccurate; the risk that our assessment
of the future growth of the MENA transit market for our products may
prove inaccurate; 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 Aug. 13, 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.
DRI Corporation Contact: Veronica B. Marks Manager,
Corporate Communications Phone: (214) 378-4776 Fax: (214)
378-8437 E-Mail: ir@digrec.com |