Mobitec Exhibiting at UITP Congress and Showcase in Qatar, Oct. 25-27, 2009
DALLAS--(Business Wire)--
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
Copyright Business Wire 2009
