DDS Wireless International Inc.

DDS Wireless International Inc.

June 22, 2010 08:00 ET

DDS Wireless' Taxi Unit Signs $3.8 Million Contract to Upgrade European Customer

RICHMOND, BRITISH COLUMBIA--(Marketwire - June 22, 2010) - DDS Wireless International Inc. (TSX:DD) announces today that its Taxi business unit, Digital Dispatch Systems, has signed a contract with Taxi Stockholm featuring the sale of the Company's iMax 9000™ mobile data terminals (MDTs) to replace a previous generation DDS system. The contract has a value of $3.8 million. 

Taxi Stockholm has been utilizing DDS' technologies to build its business for more than 10 years. One of the largest taxi operators in Sweden, Taxi Stockholm belongs to an elite group of large European taxi companies that rely on the DDS' fleet management technologies. This group of customers includes Taxi G7 of Paris, Helsinki Taxi, SKT taxi group of Copenhagen and Taxi Düsseldorf.

"With this contract, Taxi Stockholm reaffirms the value of our offer for large taxi fleet operators," stated Patrick Nangle, President of Digital Dispatch Systems. "Use of industry-leading technology like the iMax9000™ improves the efficiency of taxi fleet management, navigation, and onboard electronic payments. With many of our customers and prospective customers reaching the end of their technology lifecycles, we are very excited about the market prospects of our latest generation technologies such as the iMax9000™."

The latest generation iMax9000™ will provide Taxi Stockholm with advanced features and functionality such as 3D mapping, turn-by-turn navigation, leading edge graphics and touch screen technology. In addition, the greater processing power, expanded memory, and 3G wireless capabilities offered by the iMax9000™ will enable Taxi Stockholm to further extend their system capabilities in the future.

The contract provides for the continuation of various support and maintenance agreements to cover the newly purchased MDTs and related equipment and software. The contract also provides for completion in several phases; the first phase calls for the development of a functional specification which, once completed and accepted, will be followed by several deployment phases. The Company expects to deliver the first phase requirements early in the third quarter of 2010. 

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.

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. 

Contact Information

  • DDS Wireless International Inc.
    Cory Pala
    Investor Relations Representative
    (604) 214-7275
    DDS Wireless International Inc.
    Jim Zadra, CA
    Chief Financial Officer
    (604) 241-1441