International Road Dynamics Inc.

International Road Dynamics Inc.

August 20, 2009 09:53 ET

New York Awards IRD CDN$1.5 Million Traffic Data Collection Contract

SASKATOON, SASKATCHEWAN--(Marketwire - Aug. 20, 2009) - International Road Dynamics Inc. (IRD) (TSX:IRD) announced today that the New York State Department of Transportation (NYSDOT) has awarded a long-term contract to IRD for sites located in New York City, Nassau, Suffolk, Rockland, and Westchester Counties. The contract is valued at approximately CDN $1,500,000 and runs a minimum of two years and up to five years, with an option to renew annually by the State. Under the contract, IRD will install, upgrade, repair, operation, and maintain the data collection sites.

There are four (4) different types of Traffic Data Collection sites within the contract. These include Continuous Count, Automatic Vehicle Classification (AVC), Weigh-in-Motion (WIM), and Permanent Short Count sites. The scope is to provide overall repair and maintenance services for these existing sites, as well as installation of new sites to enhance the NYSDOT Data Collection Program.

NYSDOT collects, summarizes, and interprets information about the traffic traveling on the State's Highway System, The data is used to assess transportation needs and system performance, as well as to develop highway planning and programming recommendations. Traffic data is also important for route planning and in the design of highway projects.

IRD's President and CEO, Mr. Terry Bergan, states "We are excited about our ongoing, long-term partnership. This contract along with previous and existing contracts with the State, are examples of how we are creatively leveraging our strong reputation, customer focus and patented ITS technologies to deliver value to our customers."

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)