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DRI announces facility expansion in Sweden

Posted on: Wed, 18 Nov 2009 13:13:00 EST

Symbols: TBUS

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Nov 18, 2009 (Datamonitor via COMTEX) --
TBUS | Quote | Chart | News | PowerRating -- DRI Corporation, a provider of digital communications technology, has announced that it is expanding its Mobitec subsidiary's production facilities in Herrljunga, Sweden, to accelerate production levels stemming from current order flow and anticipated new orders as a result of increased global sales activities.

David Turney, chairman, president and CEO of DRI, said: "Mobitec is growing, and production capacity is increasing. Our space expansion includes production and administrative areas, service and after-market areas, and product testing labs. Our present space is increasing by approximately 25%; the increase in production space alone accounts for approximately 40% of the additional concrete.

"The expansion, which already is underway, is expected to be fully operational by the end of first quarter 2010. We are very excited about this subsidiary and its potential for future growth."

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