DRI Corporation Receives Order from General Electric.* Order for Digital Recorders[R] Products Valued at Approximately $1 Million * Order Slated for Massachusetts Bay Massachusetts Bay, inlet of the Atlantic Ocean. The bay, with its arms (Boston, Cape Cod, and Plymouth bays), extends 65 mi (105 km) from Cape Ann on the north to Cape Cod on the south. Transportation Authority's Heavy Rail Fleet 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 received an order valued at approximately $1 million from GE Transportation Systems through its GETS Global Signaling, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control division based in Canton, Mass. "GE Transportation Systems, a sector of General Electric, is one of the world's largest transportation groups. Celebrating its 100th anniversary in 2007, GE Transportation Systems has more than 30 years' experience as a supplier of integrated passenger information systems in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Through our relationship with GE Transportation Systems - an organization that is highly respected and uniquely capable of integrating our products with larger systems in ways that exceed our independent abilities - we are further extending our transit market reach. In this case, that includes extending into rail vehicle applications. This order for the Digital Recorders[R] Passenger Train Information System includes the Digital Recorders[R] Voice Announcement and Automatic Vehicle Locating systems. The order will benefit the Massachusetts Bay Transportation Authority's (MBTA MBTA Massachusetts Bay Transportation Authority MBTA Migratory Bird Treaty Act of 1918 MBTA Model-Based Tracking Algorithm ) heavy rail fleet. The project is already underway, and product delivery is expected to conclude in first quarter 2009," David L. Turney, the Company's Chairman, President, and Chief Executive Officer, said. The Company's Digital Recorders, Inc. subsidiary and GE Transportation Systems are working together through a Teaming Agreement to deliver advanced technology systems integration projects. ABOUT GE TRANSPORTATION GE Transportation System's rail business (www.getransportation.com) is one of the world's leading suppliers to the railroad, transit, marine, stationary and mining industries, providing freight and passenger locomotives, motorized mo·tor·ize tr.v. mo·tor·ized, mo·tor·iz·ing, mo·tor·iz·es 1. To equip with a motor. 2. To supply with motor-driven vehicles. 3. To provide with automobiles. systems for mining trucks and drills, railway signaling and communications systems, value-added services and information technology solutions to its customers. With sales in excess of $2.5 billion, GE Transportation's rail business employs approximately 8,000 people worldwide. GE (NYSE NYSE See: New York Stock Exchange : GE) is a diversified technology, media and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company dedicated to creating products that make life better. From aircraft engines and power generation to financial services, medical imaging, television programming and plastics, GE operates in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com. ABOUT MBTA In terms of daily ridership, the MBTA remains the nation's fifth largest mass transit mass transit, public transportation systems designed to move large numbers of passengers. Types and Advantages Mass transit refers to municipal or regional public shared transportation, such as buses, streetcars, and ferries, open to all on a system. It serves a population of approximately 4,667,555 (2000 census) in 175 cities and towns with an area of 3,244 square miles. To carry out its mission, it maintains 183 bus routes. The average weekday ridership for the entire system is approximately 1.1 million passenger trips. 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 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 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 amount of new orders or their expected delivery and installation dates, as well as the potential benefit such orders may have on our ongoing operations, 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 products' order, delivery and installation are incorrect, 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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