Bus

DRI subsidiary wins major South American contract

Posted on May 5, 2010

DRI Corp. said its Mobitec AB subsidiary in Herrljunga, Sweden, through the Mobitec Brazil Ltda subsidiary in Caxias do Sul, Brazil, signed a supply agreement with a major bus vehicle manufacturer in South America.

"As part of the new supply agreement, Mobitec Brazil Ltda will provide electronic destination sign systems to a major bus vehicle manufacturer in South America. The supply agreement is valid for one year and it may be renewed automatically each year thereafter for one additional year, unless terminated by either party, said David L. Turney, DRI's chairman of the board/CEO. "We anticipate that this supply agreement may generate several million dollars in annual revenue for the Company."

Said Oliver Wels, DRI's president/COO, global operations, said: "Strategically, this supply agreement means we are cooperating very closely with one of the larger bus vehicle manufacturers in South America, which presently has production capacity of 30 city buses per day for the steadily growing South American transit market. We believe the bus vehicle manufacturer has strong ties in Brazil, Chile and other South American countries."

 

View comments or post a comment on this story. (0 Comments)

More News

National Express shuttles Baltimore commuters during subway work

Staffed 24/7 with more than 100 drivers and 58 buses, free National Express shuttles will be running every 10 minutes during peak service and 20 to 30 minutes at lower-volume commuting times.

Fla.'s JTA recieves $7.2M for BRT project

Will be used to improve sidewalks and ADA ramps within a half mile of the First Coast Flyer™ North Corridor stations and construct pedestrian access to the Armsdale Park-n-Ride facility.

2 NJ Transit buses collide in Lincoln Tunnel

Of the 20 people injured, none were considered serious and 13 were transported by New York City EMS to hospitals.

AC Transit launches on-demand bus service

Riders using a desktop computer, smart phone device or traditional telephone can schedule their pick-up and desired drop-off locations: reducing their wait time, arriving at their destination faster, and increasing the overall rider experience.

MVTA 'Bus on Shoulder' vehicles equipped with MTS guidance tech

The advanced Driver Assist System, utilizing a licensed GPS technology developed by the University of Minnesota, provides feedback to the driver regarding lane position – via graphic driver alert displays, virtual mirror, vibrating seat and actuated steering.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close