8/27/09 - DDS Wireless International Inc.'s (TSX:DD) Taxi business unit, Digital Dispatch, announced that it has signed a contract for approximately $7.0 million with one of Germany's leading Taxi cooperatives, Taxi Dusseldorf eG. The contract includes the implementation and licensing of Digital Dispatch's leading Pathfinder taxi dispatch system along with the Company's latest generation iMax 8000 mobile data terminals, and also includes a seven year service agreement for support and maintenance of the system.
The system is for 1,240 iMax 8000 mobile data terminals, with turn-by-turn navigation, GPRS wireless modem and other peripheral equipment. The contract is subject to certain conditions and will result in some revenue from the contract being recognized in the current fiscal year. Most of the revenue is expected to be recognized over the next 2 years and the service revenue in the subsequent years.
"Over the past 80 years, we have grown to be one of the largest taxi cooperatives in Germany. Our owners chose Digital Dispatch among a number of other suppliers and are all excited to implement Digital Dispatch's latest technologies later this year. We believe DDS Wireless is a company who has the experience in working successfully in Europe and Asia with several fleets over 1,200 cars and the technical expertise to implement a system that can grow with us", stated Dennis Klusmeier, CEO of Taxi Dusseldorf eG.
Taxi Dusseldorf eG joins an elite group of European taxi companies using Digital Dispatch's Pathfinder software or DDS's wireless devices. These include Taxis G7 of Paris, Taxi Stockholm, Helsinki Taxi, SKT taxi group of Copenhagen and Radio Taxis of London which combined represent over 12,500 taxis.
"We are very pleased to add Taxi Dusseldorf to our customer list as this represents our first step into Germany and a further validation of DDS's strength in the European market", stated Vari Ghai, CEO of DDS Wireless. "Our demonstrated success with other key customers in Europe played an important role in winning this deal, and this latest win will give us further momentum in the European market for both our enterprise class applications such as Pathfinder TM and our TaxiBook TM bundled subscription service targeted at small and mid sized fleets. Furthermore, it adds to the credibility of DDS Wireless to have a professional and world leading organization like Taxi Dusseldorf validate our recent investment in MobiSoft in Europe."