International Road Dynamics Inc.

International Road Dynamics Inc.

June 03, 2009 13:15 ET

IRD Announces New Contract Awards in India Valued at CDN $820,000

SASKATOON, SASKATCHEWAN--(Marketwire - June 3, 2009) - International Road Dynamics Inc. (TSX:IRD) (IRD) announced today that its wholly owned subsidiary IRDSA (South Asia) has been awarded two contracts in India with a total value of around CDN $820,000.

The National Highways Authority of India (NHAI) has awarded IRDSA with two separate contracts. The first is for the supply and installation of Automatic Vehicle Classification (AVC) equipment and electronics for a total of 46 toll lanes in India.

The second award by NHAI is for the supply, installation, commissioning, operation and maintenance of high speed Weigh-In Motion (WIM) systems at five toll plazas in different locations in India.

These awards are the first by NHAI on Toll and WIM systems. Over the past 5 years, there were various technologies proposed and NHAI has now made its decision on choosing IRD's technology as the standard moving forward. IRD's technology and electronics has far surpassed the competitive offerings, both technically and commercially.

Mr. Terry Bergan, IRD's President and Chief Executive Officer commented, "We are very pleased with these recent awards by NHAI. These awards demonstrate IRD SA's strong market position in both the Toll and WIM markets in India as well as NHAI's confidence in the cutting edge technology that we offer globally in these markets."

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)