International Road Dynamics Inc.

International Road Dynamics Inc.

August 09, 2011 11:12 ET

IRD Awarded New Contract in Indiana Valued at USD $2.1 Million

SASKATOON, SASKATCHEWAN--(Marketwire - Aug. 9, 2011) - International Road Dynamics Inc. (TSX:IRD) (IRD) announced today the award of a Quantity Purchase Agreement for Weigh-In-Motion (WIM) and Virtual Weigh-In-Motion (VWIM) Systems, Maintenance, and Repair from the Indiana Department of Transportation (INDOT). Under this agreement, IRD will be issued task orders to deliver, install, commission, calibrate, and support WIM and VWIM equipment at numerous locations across the state. The systems supplied under this contract will provide high accuracy traffic and load data to the state for planning and roadway design purposes.

The contract is a task-order based agreement and there is no limit to the number of Quantity Purchase Awards (QPAs) to be released. The contract is a long term commitment that runs from July 1, 2011 thru June 30, 2015 with an awarded value in excess of USD $2.1 Million. With the addition of this award International Road Dynamics now has four (4) active QPA's with the State of Indiana.

Each site will be comprised of a sensor array specified by INDOT as appropriate for the type of traffic data to be collected at that location. Virtual Weigh-in-Motion Systems have the added capability of web access and image capture. The use of web access and image capture provides a more powerful real time tool that can be utilized for commercial vehicle weigh screening. IRD will work closely with the State as system enhancements and upgrades occur.

Mr. Terry Bergan, IRD President and CEO, noted, "IRD is proud to be selected for this project by the Indiana Department of Transportation. We will be working closely with the State as a partner to ensure the success of their Weigh-in-Motion and Virtual Weigh-in-Motion program. Our technologies and service reinforce the value that we bring to their transportation systems, and we look forward to many more years of mutual success. The State of Indiana has been a good customer of IRD's since the early 1990's!"

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)