Vancouver, BC, January 4, 2012--(T-Net)--DDS Wireless International Inc. (TSX:DD.TO) announces today that its Transit business unit, StrataGen Systems Inc., has been awarded two contracts with Broward County Transit, Fort Lauderdale including a full transit system upgrade as well as deployment of an Automatic Vehicle Locator / Mobile Data Terminal project for a total of $1.3 million.
The contracts call for equipping Broward County Transit's 250 vehicle TOPS Paratransit fleet with Vector 9000™ mobile data terminals, installing a new web booker customer service option while also upgrading the scheduling system, ADEPT™ 6.1. The new ADEPT™ platform is a powerful enterprise-wide solution for managing the complex and dynamic operating conditions of transit providers. Built on a Microsoft SQL Server platform, the new release offers a flexible user-friendly reporting environment via Microsoft Reporting Services. It also includes a significant number of enhancements such as integration of automated GPS travel speed profiles for route planning, deeper support for non-emergency medical providers including taxi companies and a new trip brokering module.
"These contracts, in addition to several other upgrade contracts already received, highlight the positive reception of our new ADEPT™ release in the market," states Matt Scheuing, President of StrataGen Systems Inc. "We believe the new features and functionality in this release will enhance our customers' operations and we are delighted that many of our clients are not only upgrading, but choosing to expand their systems at the same time with mobile data terminals and other system modules."
A portion of the revenue from this contract will be recorded in fiscal 2012, with some deliveries in late 2011. Incremental maintenance contracts of $0.5 million will commence upon expected completion in fiscal 2012 and 2013.
About DDS Wireless International Inc.
DDS Wireless International Inc. is a global leader in providing application software for multiple vertical markets within the transportation industry. The Company specializes in transit routing and scheduling, real-time dispatching, vehicle location and tracking software applications, communications infrastructure as well as in-vehicle wireless devices. DDS Wireless operates four businesses dedicated for Transit, Taxi, Limousines and Work Truck, and Wireless Devices and Communication Infrastructure. The Company supports its customers worldwide through its offices in Canada, Finland, Singapore, Sweden, U.K. and U.S.A.
Using patented technology and expertise from all levels of the industry, combined with experience gained from installations worldwide, StrataGen Systems is an international leader in the transit industry. StrataGen provides enterprise-wide and service based solutions to transit agencies of all sizes, focusing on Demand Response, ADA (Americans with Disability Act) compliant and Special Needs providers. Striving to achieve delivery of the best results possible, StrataGen prides itself on responsiveness, commitment and class leading customer service.
This press release may contain forward-looking statements that involve risks and uncertainties. These forward-looking statements relate to, among other things, operations, anticipated financial performance, business prospects and strategies, statements about future market conditions, supply and demand conditions, revenues, gross margins, operating expenses, profits, and other expectations, intentions, and plans contained in this press release that are not historical facts. Such forward-looking statements are subject to a number of known and unknown risks, uncertainties and other factors which could cause actual results or events to differ materially from those expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, business risks, changes in market and competition, technological and competitive developments and potential downturns in economic conditions generally. Given these risks and uncertainties DDS Wireless cannot guarantee that any forward looking statements will be realized.
DDS Wireless International Inc.
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DDS Wireless International Inc.
Caroline J. Dunn
Chief Financial Officer
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