International Road Dynamics Inc.

International Road Dynamics Inc.

October 17, 2006 11:32 ET

IRD Announces New $3.2 Million Maintenance Contract Award

SASKATOON, SAKATCHEWAN--(CCNMatthews - Oct. 17, 2006) - International Road Dynamics Inc. (TSX:IRD) (IRD) announced today that it was awarded a contract by the Pennsylvania Department of Transportation (PENNDOT) Bureau of Planning and Research to repair, service, maintain, and calibrate existing In-Road Weigh-in-Motion (WIM) and Continuous Automated Vehicle Classification (CAVC) Sites. The contract has a total five year value of CAD $3.2 Million, with approximately CAD $1Million available in the first two years.

PENNDOT currently has thirteen WIM Sites and four CAVC sites throughout Pennsylvania, all with IRD equipment. These sites provide classification and weight data necessary for future pavement design. In addition, this agreement will cover repairs to State Police Weigh-in-Motion Enforcement Sites located throughout the State.

Mr. Terry Bergan, IRD's President and Chief Executive Officer commented, "This type of project is in line with IRD's objectives for long-term partnerships with our valued customers and our goal to increase our stream of recurring service and maintenance business. We are proud of the positive ongoing relationship with the Pennsylvania Department of Transportation".

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.

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)