DRI Corporation Announces New Digital Recorders(R) Product and Technology to Enhance Transit Communications and Transit Security.DALLAS -- DRI See Digital Research. Corporation (DRI) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : TBUS TBUS Token Bus ), a digital communications Transmitting text, voice and video in binary form. See communications. technology leader in the domestic and international surface transportation and transit security markets, announced today that its Digital Recorders, Inc. subsidiary, based in Durham, N.C., has developed a new transit communications and transit security product, the Digital Recorders[R] Automatic Vehicle Location See mobile positioning. Software System. "This new development demonstrates our technological advancements in transit communications and transit security. Its emergency features and improved communications technology Noun 1. communications technology - the activity of designing and constructing and maintaining communication systems engineering, technology - the practical application of science to commerce or industry will help increase the safety of our customers' passengers and drivers. We expect to release the new product, which is currently undergoing a series of BETA tests, in the last half of 2007. Each year, we invest a considerable amount of our time and money in product research and development. We are proud to see continued gains on those investments," David L. Turney, the Company's Chairman, President, and Chief Executive Officer, said. ABOUT THE DIGITAL RECORDERS, INC. SUBSIDIARY Established in 1983, the Company's Digital Recorders, Inc. subsidiary develops and manufactures intelligent transportation products for the transit industry. Products include: Digital Recorders[R] computer-aided dispatch/automatic vehicle location systems; Digital Recorders[R] automatic vehicle monitoring systems; Talking Bus[R] automatic voice announcement systems; Digital Recorders[R] vandal-resistant, hands-free driver microphones; VacTell[TM] video actionable intelligence Having the necessary information immediately available in order to deal with the situation at hand. With regard to call centers, it refers to agents having customer history and related product data available on screen before the call is taken. systems, and more. For more information about the Company's Digital Recorders, Inc. subsidiary, go to www.talkingbus.com. ABOUT THE COMPANY DRI Corporation is a digital communications technology leader in the domestic and international public transportation and transit security markets. Our products include: TwinVision[R] and Mobitec[R] electronic destination sign systems, Talking Bus[R] voice announcement systems, Digital Recorders[R] Internet-based passenger information and automatic vehicle location/monitoring systems, and VacTell[TM] 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 A transit bus (also known as a commuter bus) in the United States is usually operated by an urban-suburban bus line, a governmental public transit agency, or a contractor. A transit bus is normally used on public transit routes. and rail vehicles Rail vehicles are vehicles capable of rolling on rail tracks. This includes:
Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States 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 The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. In particular, statements concerning the timing and capabilities of the new Digital Recorders product, as well as any potential benefit the product may have on the Company's ongoing operations or its customers' transit fleets; together with any statement, express or implied, concerning future events or expectations, is a forward-looking statement. Use of words such as "expect," "fully expect," "expected," "appears," "believe," "belief," "plan," "anticipate," "would," "goal," "potential," "potentially," "range," "pursuit," "run rate," "stronger," "preliminarily," etc., is intended to identify forward-looking statements that are subject to risks and uncertainties, including the risk that the assumptions behind the product's technologies are incorrect, the risk that we have overestimated the product's capabilities or planned release, as well as other risks and uncertainties set forth in our Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed March 28, 2007, 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. |
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