International Road Dynamics Inc.
TSX : IRD

International Road Dynamics Inc.

June 24, 2015 10:46 ET

IRD Awarded New Contract in Indiana Valued at USD $3.8 Million

SASKATOON, SASKATCHEWAN--(Marketwired - June 24, 2015) - International Road Dynamics (IRD) (TSX:IRD) announced today the award of a Quantity Purchase Agreement (QPA) valued at approximately USD $3.8 Million from the Indiana Department of Transportation (INDOT). Under this agreement, IRD will be issued task orders to provide all necessary electronic equipment, software, and services required to build, reconstruct, test, calibrate, and maintain the Weigh-in-Motion (WIM) and Virtual Weigh-in-Motion Systems (VWS) equipped with IRD manufactured hardware and software. The systems supplied under this contract will provide high accuracy traffic and weight data to the state for planning, roadway design, and weight compliance 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 1st, 2015 through April 30th, 2019. With the addition of this award, IRD now has four active QPA's with the State of Indiana.

Each site will be comprised of a WIM sensor array specified by INDOT as appropriate for the type of traffic data to be collected at that location. The VWS also provide image capture and support remote web access capability. The use of image capture and web access features provides a more powerful real-time tool that can be utilized for commercial vehicle weight screening. Under this contract there is also opportunity for IRD to work closely with the State to provide system enhancements and upgrades through the life of this contract.

Mr. Terry Bergan, IRD President and CEO, noted, "IRD is proud to be selected for this project by the INDOT. We will be working closely with the State as a partner to ensure the success of their WIM traffic data and VMS program. Our technologies and service capabilities reinforce the value that we bring to the maintenance and operation of their transportation network. We look forward to providing many more years of mutual success."

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.

IRD is listed on the TSX - trading symbol - IRD

www.irdinc.com

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)
    Email: irdir@irdinc.com
    Website: www.irdinc.com