DRI Corp. (TBUS) Anticipates Major Orders from Dubai for Mobitec(R) Products
QualityStocks (December 23rd, 2008) Writes:
Today before the opening bell, DRI Corp. announced that the Company’s Mobitec Group subsidiary in Sweden has received confirmation that it will receive several substantial orders for Mobitec(R) electronic information display systems (EIDS) on behalf of the Roads and Transport Authority’s Public Transport Agency transit bus vehicle fleet in Dubai, United Arab Emirates.
The Transport Agency’s new bus vehicle procurement includes over 1,600 double-decker, standard, and articulated buses of ranging sizes. According to the press release, orders for this large bus vehicle procurement are being placed through several bus vehicle manufacturers.
David L. Turney, Chairman, President and Chief Executive Officer, stated, “Orders from all of the bus vehicle manufacturers that we are to serve are expected to be entered in December 2008 and January 2009. Our part of the related EIDS orders will come from several of the bus vehicle manufacturers and should encompass the supply of EIDS to a majority
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