Mr. Turney: The company was founded in 1983 and the IPO was in 1994. The company is in the public transportation sector - rail cars and buses - passenger information systems on the vehicle and on the wayside, and vehicle tracking, locating and monitoring for fleet dispatch purposes and also for security purposes.
TWST: Looking at your areas of operation, what is the competitive arena like? What is the landscape for global surface transportation and transit security markets?
Mr. Turney: As any investor looking closely will realize, this company has an extraordinarily large geographic footprint for a small cap, particularly for a micro-cap company. We're in 50 countries and 59% of our revenue is from outside of the U.S. We have 500 customers, like I said, in over 50 countries. The worldwide public transportation marketplace is very robust. In good times and bad times, people need transportation. Of course, this market sector has a green aspect to the extent that when we use public transportation versus cars, we reduce the use of automobiles, we reduce greenhouse gases and of course I don't have to talk about the problems we are having with fuel prices and energy, including the Gulf oil spill. Maybe that wouldn't be happening if we didn't have so much global reliance on oil resources.
Tickers included in this excerpt: TBUS
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