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DTI Group wins order from Bombardier for San Francisco train cars
DTI Group (ASX:DTI) has secured an order from Bombardier Canada for the supply of hearing-aid loop communication systems for Bay Area Rapid Transit Commission (BART) in San Francisco.
The proprietary communications system, designed and engineered by DTI, will deliver audio messages to disabled passengers via their hearing aid loop.
DTI’s shares were trading 7.5% higher intra-day on Friday, at $0.285.
The expected value of the Bombardier order is over US$500,000. This is the first order to be received by DTI from Bombardier Canada.
BART operates a public transportation system serving the San Francisco Bay Area and connects San Francisco with cities in the East Bay and suburbs in northern San Mateo County.
The rapid transit system operates in five routes on 167 kilometres of rail line, with 44 stations in four counties and is the fifth busiest heavy rail rapid transit system in the U.S.
DTI’s hearing-aid loop communication systems will be installed in 775 train cars.
Hearing aid loops are an assistive listening technology for individuals with reduced ranges of hearing and works by producing magnetic fields.
These magnetic fields can be picked up by hearing aids, cochlear implant (CI) processors and specialized hand-held hearing loop receivers.
The deliveries for the systems are expected to commence in the first half of calendar 2017 and will continue through to 2021.
DTI is well positioned as at 31 December 2016 with an order book of $17.4 million and a growing opportunity pipeline of circa $417 million.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/175330/dti-group-wins-order-from-bombardier-for-san-francisco-train-cars-175330.html
