DDS Wireless International Inc.

DDS Wireless International Inc.

December 07, 2011 08:00 ET

DDS Wireless' StrataGen Announces $6.8 Million of Contracts With MTA New York City Transit

RICHMOND, BRITISH COLUMBIA--(Marketwire - Dec. 7, 2011) - DDS Wireless International Inc. ("DDS" or "the Company") (TSX:DD) announces today that its transit business unit, StrataGen Systems Inc., has signed two contracts with MTA New York City Transit ("NYC Transit"), a long standing StrataGen customer. Combined, these contracts have a base value of $6.1 million, with options up to $6.8 million.

The new contracts significantly expand StrataGen's successful implementation of its ADEPT™ Intermodal Trip Planning (ITP) application which was initially rolled out in 2010. The Intermodal Trip Planning application integrates NYC Transit's Access-A-Ride paratransit service with its extensive fixed route system, providing NYC Transit with operational flexibility and increased efficiencies. StrataGen was also awarded a related contract to expand the functionality of NYC Transit's Paratransit Interactive Voice Response (IVR) system, previously awarded to StrataGen in early 2010, to accommodate the additional functionality of the new ITP application. NYC Transit currently provides 27,000 trips per day through its paratransit service and is considered the largest system in North America.

"We are pleased to receive these new contract awards from MTA New York City Transit," states Matt Scheuing, President of StrataGen Systems Inc. "NYC Transit is a very innovative client and we look forward to collaborating on the delivery of these applications that not only drive efficiency but also allow NYC Transit to continue to provide an important service to their ridership."

StrataGen anticipates that most of the ITP and IVR contract deliverables will take place through the end of 2012, with some portions of the projects stretching into early 2013. Minimum contracted maintenance revenue of $1.7 million over five years will start following project completion.

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.

About StrataGen

Using patented technology and expertise from all levels of the industry, combined with experience gained from installations worldwide, StrataGen Systems is an international leader in the transit industry. StrataGen provides enterprise-wide and service based solutions to transit agencies of all sizes, focusing on Demand Response, ADA (Americans with Disability Act) compliant and Special Needs providers. Striving to achieve delivery of the best results possible, StrataGen prides itself on responsiveness, commitment and class leading customer service.

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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