International Road Dynamics Inc.

International Road Dynamics Inc.

June 24, 2009 13:33 ET

IRD Announces Award of CVO Projects Valued at CAD $2.7 Million

SASKATOON, SASKATCHEWAN--(Marketwire - June 24, 2009) - International Road Dynamics Inc. (IRD) (TSX:IRD) has recently received Commercial Vehicle Operations (CVO) contracts in the states of Wisconsin and Georgia valued at approximately CAD$2.7Million. All are scheduled for completion on or before December 31, 2009.

The projects in Wisconsin include two Virtual Weigh Stations. One system will be located on Interstate 43 (I-43) near Beloit and the other on United State Highway 2 (USH-2) at the Wisconsin-Michigan state line. Both projects will allow Wisconsin State Patrol Troopers to monitor truck activities remotely from State Patrol squad cars or in their offices via laptop or desktop computers. The Wisconsin-Michigan state line system will also interface to a Northwestern University (NU) instrumentation suite located on the bridge carrying westbound USH2 traffic into Wisconsin.

The project in Georgia includes one Mainline Weigh-in-Motion (WIM) System located on Interstate 20 (I-20) in Douglas County. Trucks will be electronically screened and cleared for size and weight compliance saving valuable time, fuel, and other costs for motor carriers that comply with trucking regulations.

All deployments will include the supply and installation of IRD's patented Single Load Cell WIM Scales, video verification system, vehicle weight compliance system, and operational software.

Mr. Terry Bergan, IRD's President and CEO stated: "IRD continues to be the WIM systems leader for Commercial Vehicles Operations in the United States and worldwide, and looks forward to working with the Wisconsin and Georgia Departments of Transportation. Both Wisconsin and Georgia are long-term customers of IRD. We are also very excited about working with Infrastructure Technology Institute (ITI) at Northwestern University on the USH-2 project. This ITI system will complement our Virtual Weigh Station truck monitoring activities at the USH-2 site by directly measuring the response of critical areas of a bridge structure to truck traffic, particularly overweight trucks and permit loads. As well, the long-term maintenance and service component included within all of these contracts will add to our already substantial stream of recurring revenues."

IRD is a highway traffic management technology company specializing in supplying products and systems to the global Intelligent Transportation Systems (ITS) industry. IRD is a North American company based in Saskatoon, Saskatchewan Canada with sales and service offices throughout the United States and overseas. Private corporations, transportation agencies and highway authorities around the world use IRD's products and advanced systems to manage and protect their highway infrastructures.

The Company's shares trade on the Toronto Stock Exchange under the symbol IRD.

Contact Information

  • International Road Dynamics Inc.
    Terry Bergan
    President & CEO
    (306) 653-6600 or U.S. (303) 355-5998
    International Road Dynamics Inc.
    Francine Senecal-Lepage
    Investor Relations
    (306) 653-6603
    (306) 653-6609 (FAX)