Prestigious Appointment Becomes Effective Jan. 1, 2010 DRI
Corporation (DRI) (NASDAQ: TBUS), a digital communications
technology leader in the global surface transportation and transit
security markets, announced today that its Mobitec AB (Mobitec)
subsidiary in Sweden has reached an agreement with the Daimler Group's
EvoBus GmbH (EvoBus) subsidiary to be appointed as an official global
supplier of electronic information display systems (EIDS) in their
online automated bus vehicle configuration system, effective Jan. 1,
2010.
David L. Turney, the Company's Chairman, President and Chief Executive
Officer, said: "With Mobitec's appointment as an official supplier to
the Daimler Group, our Mobitec® EIDS products will be made available to
EvoBus sales personnel and customers when they utilize the electronic
sales catalog to specify their bus vehicles. By being included in the
EvoBus standard selection process, we believe that Mobitec's agreement
with the Daimler Group may help strengthen DRI's unique position as a
leading global supplier of transit communications products. Our Mobitec
team is commended for demonstrating their ability to deliver high
quality and technologically competitive EIDS products at attractive
prices with strong customer service support on a local basis."
For more information about the Daimler Group and EvoBus, visit www.evobus.com.
ABOUT THE 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
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 potential for the Company to
strengthen its position as a global supplier as a result of the
agreement with the Daimler Group and EvoBus; 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
strengthening the Company's business position as a global supplier as a
result of the agreement with the Daimler Group and EvoBus; 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 Nov. 16, 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
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