DDS Wireless International Inc.
TSX : DD

DDS Wireless International Inc.

December 20, 2010 08:00 ET

DDS Wireless' StrataGen Unit Closes $1.5 Million in New Orders

RICHMOND, BRITISH COLUMBIA--(Marketwire - Dec. 20, 2010) - DDS Wireless International Inc. ("DDS" or "the Company")(TSX:DD) announces today that its Transit business unit, StrataGen Systems, has closed several significant deals including one with its existing client MTA New York City Transit ("NYCT") and two new clients. The aggregate value of these contracts is $1.5 million and the Company expects to recognize up 20% of the total contract value as revenue in 2010. 

The largest of the three contracts is with MTA New York City Transit and provides for an expansion of the successful implementation of StrataGen's Intermodal Trip Planning ("ITP") application, delivered earlier in the year. The enhancement to the ITP application will provide NYCT's Paratransit division with even more flexibility to integrate transportation options for riders using a combination of Paratransit services and current fixed route systems. It is anticipated that the ITP application will also provide NYCT with greater operational flexibility and efficiencies. The Paratransit Division of NYCT currently provides up to 27,000 daily trips through its Access-A-Ride™ service, all of which are managed and scheduled using StrataGen's ADEPT™ software. 

The two new client contracts are the result of StrataGen Systems' push into broader markets. One is a mid-size Northern California transit system client that has chosen ADEPT™ for all its Paratransit routing and scheduling, along with DDS Wireless mobile data terminals. The final contract is for a packaged version of ADEPT™ geared towards the non-emergency medical provider market that is offered on a monthly subscription basis. With a five year term, this client application will support transportation coordination for senior care which represents a new market opportunity for the Company.

"We are very excited about these new contract announcements", states Matt Scheuing, President of StrataGen Systems Inc. "They underscore the flexibility and scaling of our offering, from supporting NYCT with its significant operational requirements, to serving the needs of mid market agencies and emerging specialty markets."

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. 

Contact Information