International Road Dynamics Inc.

International Road Dynamics Inc.

August 12, 2008 11:12 ET

IRD Announces CAD$1.3 Million Weigh-In-Motion Contract in Virginia

SASKATOON, SASKATCHEWAN--(Marketwire - Aug. 12, 2008) - International Road Dynamics Inc. (IRD) (TSX:IRD) announced today that it has been awarded a contract by the Virginia Department of Motor Carriers (DMV) to supply, install, and maintain a Mainline Weigh-in-Motion (WIM) and Automated Vehicle Identification (AVI) Weigh Enforcement Pre-Screening System. The project is valued at approximately CAD$1,306,000 and is scheduled for completion by December 31, 2008.

The contract includes the supply and installation of Weigh-In-Motion (WIM) equipment at the Sandston Weight Enforcement Facility located on I-64 near Richmond. The system will allow prescreening of commercial trucks in the main lanes of this Interstate at highway speed, as well as tracking and routing vehicles safely through the Weigh Station. The contract includes maintenance, service, and support for the system for a period of three years.

The project is the result of IRD's commitment to the U.S. Commercial Vehicle Operations market, and is the continuation of previous successful installations of similar systems within the State of Virginia. IRD has provided all of the WIM/AVI Pre-Screening Systems installed in Virginia to date, which includes the Suffolk, Bland, Carson, Alberta, Dumfries, Stephens City, and Troutville locations.

This deployment will include the supply and installation of IRD's patented Single Load Cell WIM Scales, video verification system, vehicle movement compliance system, and operational software. The system will allow trucks that meet size and weight limits to bypass the facility at highway speeds, thereby reducing the number of trucks that are required to stop at the inspection stations and in turn decrease fuel consumption and emissions.

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. This latest Virginia Contract is an excellent example of how we are transforming infrastructure projects in the U.S. and around the world by making them more efficient and cost effective. The long-term maintenance and service component included in the contract 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.

IRD is listed on the TSX - trading 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)