DDS Wireless International Inc.

DDS Wireless International Inc.

November 09, 2010 08:00 ET

DDS Wireless Signs $2.6 Million in Contracts to Upgrade Existing Customers to Latest Generation Technology

RICHMOND, BRITISH COLUMBIA--(Marketwire - Nov. 9, 2010) -  DDS Wireless International Inc. ("DDS" or the "Company") (TSX:DD) announces today that its Taxi Business Unit, Digital Dispatch Systems, has signed significant contracts with the Colorado Cab Company of Denver, Colorado, and Irving Holdings Inc. of Dallas, Texas. The contracts include upgrades of each company's taxi dispatch systems to PathFinder™, the Company's latest, market leading, enterprise level taxi fleet management solution. The contract with Irving Holdings also includes the deployment of 1,000 of the Company's Vector™ mobile data terminals to re-equip their fleet, and a 5 year system support agreement.

Colorado Cabs updated their fleet to Vectors earlier in the year, and this latest contract with Irving Holdings follows a recently signed contract with the Company's StrataGen business unit to deploy its ADEPT™ solution to schedule and report Non-emergency Medical Trips as a subcontractor to the Texas Medicaid program. 

The contracts have a combined value of more than $2.6 million, and the Company expects to recognize approximately $0.5 million of the value of the contracts as revenue in the current year.

Long-time DDS customers and leaders in their markets, Colorado Cabs and Irving Holdings, have successfully utilized DDS technologies to build their businesses. With these orders they are upgrading their taxi fleets to one of the most advanced dispatching solutions in North America. 

"At Digital Dispatch we are extremely pleased with the votes of confidence shown by Colorado Cabs and Irving Holdings," stated Patrick Nangle, President of Digital Dispatch Systems. "By upgrading their fleets to industry-leading technology like the PathFinder™ dispatch system and Vector™ mobile data terminals, they are asserting their intention to remain leaders in their respective markets. They are the latest DDS customers to take advantage of our newest suite of products in order to ensure the highest level of efficiency and customer service."

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. 

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