International Road Dynamics Inc.

International Road Dynamics Inc.

April 03, 2014 11:29 ET

IRD Awarded CDN $4.24 Million Intelligent Transportation System (ITS) and Toll Systems Contract in Mexico

SASKATOON, SASKATCHEWAN--(Marketwired - April 3, 2014) - International Road Dynamics Inc. (IRD) (TSX:IRD) announced today that its wholly owned subsidiary, PAT Traffic Mexico (PAT), has received a CDN $4.24 Million contract from the Grupo Concesionaria and Mexico Constructora Industrial (MCC) for the design and installation of an Intelligent Transportation System (ITS) and Toll System on portions of the Salamanca-Leon highway in Mexico.

Under this contract, PAT will provide traffic monitoring cameras, emergency call boxes, speed control systems, variable message signs, a manual and electronic toll collection system for 2 toll plazas totalling 24 toll lanes and an integrated highway operations control center. System design, equipment and systems installation will be completed in phases with final commissioning expected in April 2015. This contract also provides for three years of equipment and systems maintenance after final commissioning of the equipment and systems.

Mr. Terry Bergan, IRD's President and CEO commented, "We are very pleased to become an ITS solutions provider for the Grupo MCC and to expand our presence in Mexico with the supply and integration of third party OEM equipment with IRD industry-leading proprietary systems and technologies to provide our customer a state of the art Highway Traffic Management 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 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

    International Road Dynamics Inc.
    Francine Senecal-Lepage
    Investor Relations
    (306) 653-6603
    (306) 653-1454 (FAX)