DDS Wireless International Inc.

DDS Wireless International Inc.

November 13, 2013 07:30 ET

DDS Wireless Announces Contract Wins of $1.4 Million Across All Business Units

RICHMOND, BRITISH COLUMBIA--(Marketwired - Nov. 13, 2013) - DDS Wireless International Inc. ("DDS" or "the Company") (TSX:DD) announced today that each of its business units (Taxi, Transit and New Markets) have signed contracts, in aggregate, totaling $1.4 million.

Included within this figure is an award to StrataGen Systems Inc., the Company's Transit business unit, of V9000™ mobile computers from Avail Technologies Inc. ("Avail"). Avail is a major supplier of comprehensive systems in the fixed route transit business. The Company's mobile computers are a key component of their solution for public buses. "This is further evidence of StrataGen's successful efforts to expand the footprint for the Vector 9000™ mobile computers in the Transit market", stated Sarah Boden, President for StrataGen.

"In addition to our contract with Avail, two of these contract wins are for our TaxiBook™ and eFleet™ SaaS solutions in North America; I continue to be pleased with our progress in these strategic growth areas. This further solidifies our position in this market and increases our total worldwide SaaS subscriptions and licenses for TaxiBook™, eFleet™ and MobiRouter™ to over 8,500", stated Vari Ghai, CEO of DDS Wireless.

"These recent sales demonstrate that our suite of offerings continue to present a broad range of solutions to the various market segments that we operate in; enterprise solutions, back seat payment systems, SaaS and hardware upgrades to our V9000™ product," continued Mr. Ghai.

Approximately $1.1 million will be recorded as revenue in fiscal 2013, with the remainder in fiscal 2014 and beyond.

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 OEM partners, Limousines, Airport Shuttles and Buses. 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.
    Investor Relations
    Samantha Matyus
    Director of External Reporting
    (604) 241 1441