Exhibit 99.1
Digital Recorders, Inc. Announces $1.0 Million-Plus Order for Transit Vehicle
Location and Voice Announcement Systems; Order Will Enhance Security
Functionality on Paratransit Bus Vehicle Fleet in Jacksonville, Fla.
Business Editors/Technology Writers/Transportation Writers
DALLAS--(BUSINESS WIRE)--Jan. 10, 2006--Digital Recorders, Inc. (DRI)
(Nasdaq:TBUS), a technology leader in transit, transportation, law enforcement,
and security digital communications systems, announced today that its Digital
Recorders (DR) division in Research Triangle Park, N.C., has entered into a $1.0
million-plus contract to supply automatic vehicle location and Talking Bus(R)
automatic voice announcement systems (AVL/AVAS) for the paratransit bus fleet
operated by the Jacksonville Transportation Authority (JTA) in Jacksonville,
Fla.
"JTA has been a valuable DR customer since 1997. You may recall our
September 2004 announcement about JTA's AVL product order to implement transit
system security measures on fixed-route bus vehicles during Super Bowl XXXIX,
which was held in Jacksonville in February 2005. This subsequent order for JTA's
paratransit fleet, which also contains the same hardware and software necessary
to enhance security functionality, will enable JTA to track its fleet location
and performance. DR's advanced technology, rapid delivery, competitive pricing,
and industry track record were instrumental in securing this subsequent order.
We expect delivery to be completed in 2006," David L. Turney, the Company's
Chairman, Chief Executive Officer, and President, said.
About the DR Products
DR's AVL product keeps track of public transit vehicles' location and
performance. Independent of communications systems, this system can operate
through existing public telecom infrastructures or, it can be interfaced to
transit operators' private radio systems. DR's AVL information can be easily
shared with other applications such as passenger information systems, security
systems, and other equipment both on and off board the vehicle.
The Talking Bus(R) AVAS product is the industry leader for automatic voice
announcement systems. To date, more than 10,000 Talking Bus(R) systems, which
are compatible with other intelligent vehicle systems, have been installed in
the U.S. The Talking Bus(R) AVAS system has proven to be a reliable and
effective way to communicate with on-board passengers and to comply with
Americans with Disabilities Act regulations.
About the Jacksonville Transportation Authority
JTA, an independent state agency serving Duval County, Fla., has
multi-modal responsibilities. JTA designs and constructs bridges and highways
and provides varied mass transit services, including: express and regular bus
service; a downtown Skyway monorail; the Trolley service; the Stadium Shuttle
for various sporting events at ALLTEL Stadium; JTA Connexion for the disabled
and elderly; and ChoiceRide, which connects employers and employees to job
access through customized transportation options. JTA has a challenging role
serving the largest city in the continental U.S. in terms of landmass. JTA
believes an integrated transportation network is a critical element in any
community to properly manage growth, provide mobility and offer a good quality
of life.
About the DR Division
The Company's DR division develops and manufactures intelligent
transportation products for the transit industry. Products include: computer
aided dispatch/automatic vehicle location systems; automatic vehicle monitoring
systems; Talking Bus(R) automatic voice announcement systems; vandal-resistant,
hands-free microphone; and more. For more information about the Company's DR
division, go to www.talkingbus.com.
About the Company
Digital Recorders, Inc. is a technology leader in transportation, law
enforcement, and security digital communications systems using proprietary
hardware and software applications. Our products improve the flow and mobility
of people through transportation infrastructure, mitigate security threats, and
enhance law enforcement agencies' surveillance capabilities. Our transportation
communications products -- TwinVision(R) and Mobitec(R) electronic destination
sign systems, Talking Bus(R) automatic voice announcement systems,
Internet-based passenger information systems, and computer-aided
dispatch/automatic vehicle location and monitoring systems, and VacTell(TM)
video actionable intelligence systems -- enhance public transportation and
mitigate security threats worldwide. Our electronic surveillance tools,
including microphone amplifiers and processors, countermeasures devices, speech
activity detectors, and noise cancellation equipment, help law-enforcement
agencies around the globe arrest and prosecute criminals. For more information
about DRI 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 of 1995. In particular,
statements concerning the timing and amount of new orders or their expected
delivery dates, as well as 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," "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 risks and uncertainties that the assumptions behind the product
order's delivery or significance in the particular market, as well as other
risks and uncertainties set forth in our Annual Report on 10-K filed April 1,
2005, 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.
CONTACT: Digital Recorders, Inc.
Veronica B. Marks, 214-378-4776
Fax: 214-378-8437
E-Mail: veronicam@digrec.com
or
Investor Relations Contact:
The Investor Relations Company
Brien Gately, 800-536-8472
Fax: 847-296-4460
E-Mail: bgately@tirc.com