Tuesday, November 24, 2009

DRI Corp. tapped for Sao Paulo information display system

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Dallas-based DRI Corp. said Tuesday its Swedish-based subsidiary, Mobitec AB, through its Mobitec Brazil Ltda. business unit, won an order from Bombardier Transportation for electronic information display systems (EIDS) to be used in the modernization of  the Sao Paulo, Brazil, regional rail system.

Last June a consortium led by Bombardier was awarded a $193 million contract to modernize 156 electric multiple-unit (EMU) passenger rail cars (26 six-car trains) by Companhia do Metropolitano de Sao Paulo (CMSP), the state-owned transit operator that runs the Sao Paulo metro system. The Bombardier consortium includes two Brazilian partners: Temoinsa and Tejofran.

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DRI Chairman, President, and CEO David L. Turney said, “Bombardier has ordered Mobitec Brazil's EIDS products for approximately 50 light rail cars in Sao Paulo. This order is strategically relevant because it marks our official entrance into the Brazilian rail market. Delivery of the order has commenced and is expected to conclude in first quarter [of] 2010.”

Turney added, “We foresee good demand for rail cars in Brazil, particularly as the region invests in transit infrastructure inpreparation for the upcoming FIFA World Cup™ in 2014 and the Games of the XXXI Olympiad in 2016."