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DRI Unit Receives $4.2 Million Of Orders

February 19, 2010 (FinancialWire) — DRI Corp. (NASDAQ: TBUS), a digital communications technology firm in the global surface transportation and transit security markets, said that its Digital Recorders, Inc. subsidiary has received multiple orders with a combined total value exceeding $4.2 million from leading U.S. original equipment manufacturers and transit authorities in Iowa, Minnesota, Ohio, Pennsylvania, and Texas.

company CEO David L. Turney said the orders “are very significant to our fiscal year 2010 business plans and continued technology development.”

He added that the orders are not directly related to U.S. stimulus funding projects, but instead are funded under normal funding mechanisms.

The products ordered include Talking Bus automatic voice announcement systems and Digital Recorders automatic vehicle location, automatic vehicle tracking, and VacTell video surveillance systems.

According to the company, the products provide transit system operators with timely information regarding vehicle operation, location and security while at the same time providing transit passengers with information to help make their travel experience more user-friendly.

Shipments are scheduled to begin in first quarter 2010 and to conclude in fiscal year 2010.

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