DRI Corporation Announces Domestic Order Valued at Approximately $2.2 Million
DALLAS, Nov 02, 2011 (BUSINESS WIRE) -- 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 for Digital Recorders(R) automatic vehicle location ("AVL") systems, valued at approximately $2.2 million, from a transit operating authority located in the Southeast.
David L. Turney, Chairman of the Board of Directors and Chief Executive Officer, said: "This order is from a long-standing Digital Recorders(R) customer. The project, which showcases much of the Digital Recorders(R) engineered systems and services suite, may enable the customer to leverage its current installed base of Digital Recorders(R) Talking Bus(R) automatic voice announcement systems with cost-effective upgrades that should optimize fleet operation efficiencies. Through the products' enhanced features, the customer's passengers also should be able to enjoy user-friendly, Web-based applications."
Deliveries are expected to commence in fourth quarter 2011 and conclude in fourth quarter 2012. Deliverables include the Digital Recorders(R) AVL; paratransit scheduling and monitoring, automatic passenger counting, and OTvia2(R) Web-based passenger advisory systems and wireless features.
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