International Road Dynamics Inc.

International Road Dynamics Inc.

January 05, 2005 09:25 ET

IRD Awarded IVS Equipment and Service Contract from an International Oilfield Services Company


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: INTERNATIONAL ROAD DYNAMICS INC.

TSX SYMBOL: IRD

JANUARY 5, 2005 - 09:25 ET

IRD Awarded IVS Equipment and Service Contract from an
International Oilfield Services Company

SASKATOON, SASKATCHEWAN--(CCNMatthews - Jan. 5, 2005) - International
Road Dynamics Inc. (TSX:IRD) (IRD) announced today the award of a
contract for Web-based GPS vehicle tracking and In-Vehicle Driver
Management Systems (IVS) from a wholly owned subsidiary of a
Calgary-based international oilfield services company. The contract
calls for installation of IRD's sophisticated In-Vehicle equipment and a
five-year service contract using IRD's web-based software for vehicle
tracking, driver compliance reports, vehicle utilization reports, oil
field productivity reports, and remote data access for management staff.

The system employs a keypad ID entry option for IRD's driver
authentication strategy and blast hazard switch to ensure safe operation
in any deployment situation. The system's real-time interaction with
vehicle operators enhances this oilfield services company's safety
program by reinforcing 'low-force driving' techniques.

IRD will install the system in locations throughout the western United
States at 24 locations. Local service and support will be provided by
IRD's network of partners and coordinated from IRD's technology center
in Saskatoon, Saskatchewan.

The contract is a five-year service agreement beginning in 2005 with
additional option years. The initial contract year has a total maximum
value of approximately USD $318,000 while the remaining years consist of
services fees with a total maximum value of approximately USD $110,853.

"We are very pleased with the significant momentum we are generating in
our IVS business, another excellent example of how we are leveraging our
expertise and reputation to enter new markets" commented Mr. Terry
Bergan, President and CEO. "We more than doubled sales in this segment
of our business in 2004, and look for this growth to continue as we add
enhanced functionality and new features to our industry-leading systems."

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 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.

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    International Road Dynamics Inc.
    Terry Bergan
    President & CEO
    (306) 653-6600 or U.S. (303) 355-5998
    or
    International Road Dynamics Inc.
    Francine Senecal-Lepage
    Investor Relations
    (306) 653-6603
    (306) 653-6609 (FAX)
    Email: irdir@irdinc.com
    Website: www.irdinc.com