International Road Dynamics Inc.

International Road Dynamics Inc.

October 26, 2009 12:18 ET

IRD Awarded $1.0 Million Maintenance Contract

SASKATOON, SASKATCHEWAN--(Marketwire - Oct. 26, 2009) - International Road Dynamics Inc. (IRD) (TSX:IRD) announced today that that it has been awarded a CAD $1.0 Million contract renewal by the Oklahoma Department of Transportation to operate and maintain new and existing Traffic Monitoring Systems (TMS) at up to 100 locations statewide. The general scope of the contract includes data collection and systems validation, preventative and emergency maintenance, new construction, and site renovations of Traffic Monitoring Systems.

IRD's traffic data collection expertise and experience allows its customers to receive a complete service and maintenance package from one vendor. IRD offers design, manufacturing, installation, data collection, post­-processing, report generation and maintenance of traffic data collection systems.

Mr. Terry Bergan, IRD's President and Chief Executive Officer, commented: "We are pleased that Oklahoma has renewed its contract with IRD, extending our almost 20-­year relationship with the State. The contract award is another successful example of how we are building our base of recurring service and maintenance revenues, a key component of our value­-enhancing strategies."

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)