DDS Wireless' Digital Dispatch Announces Contract Wins of $1.1 Million and the Successful Adoption of the Vector 9000(TM) in ...
20 November 2012 - 1:00PM
Marketwired
DDS Wireless International Inc. ("DDS" or "the Company") (TSX:DD)
announced today that its Taxi business unit, Digital Dispatch
Systems, has signed a significant contract, among others, with a
prestigious taxi company in California for $0.6 million for the
sale of the DDS flagship product, the Vector 9000(TM). In addition,
its Finnish company MobiSoft Oy signed a key contract for the sale
of Vector 9000(TM) for a value of $0.2 million.
"I am very pleased with this indication of adoption by the
Finnish taxi market of our mobile data computers. We have been in
the Finnish market for four years as a result of the acquisition of
MobiSoft Oy in 2007 and to date the deployment of our TaxiBook SaaS
offering has predominately been on PDAs," said Vari Ghai, CEO of
DDS Wireless. "In the second half of this year we launched an
initiative to introduce our mobile data terminals into this market
and we are receiving strong early indicators of success," continued
Mr. Ghai.
Furthermore, Digital Dispatch announced that it continues to
extend its reach through business partners in the area of mobile
booking applications, with a recently signed contract to provide a
mobile taxi application provider with enhanced access to the DDS
dispatching algorithm.
DDS anticipates that $0.7 million of the above noted contract
signings will be recognized as revenue in fiscal 2012.
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 three
businesses dedicated for Taxi, Transit and New Markets such as
Limousines, Airport Shuttles and Work fleets. The Company supports
its customers worldwide through its offices in Canada, Finland,
Singapore, Sweden, U.K. and U.S.A.
Forward-Looking Statements
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.
Contacts: DDS Wireless International Inc. Investor Relations
(604) 241 1441Investors@ddswireless.com DDS Wireless International
Inc. Caroline J. Dunn Chief Financial Officer (604) 214 7206