DDS Wireless International Inc. (DD.TO: Quote) announced recent contract signings of $1.9 million and provided an update to the revenue guidance.
StrataGen Systems Inc., the Company's Transit business unit was awarded over $0.7 million in new upgrade and mobile data terminal projects. These deals are a continuation of StrataGen's efforts to upgrade and expand its clients with the latest release of ADEPT 6.1 including additional modules that add functionality such as web access, and expanding the footprint for the Vector 9000 mobile data terminals.
Digital Dispatch, the company's Taxi business unit announced $1.2 million of new contracts predominantly with Taxis G7 of France, one of the company's largest customers that has been using DDS' technology to build its business for over 10 years.
DDS revised its financial guidance on revenue for the fiscal year 2012. The company now expects revenues to be lower than that of fiscal 2011. Earlier this year, DDS had announced it anticipated revenues to be at least that of fiscal 2011.
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by RTT Staff Writer
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