August 02, 2016 12:07 ET
SASKATOON, SASKATCHEWAN--(Marketwired - Aug. 2, 2016) - International Road Dynamics Inc. (IRD) (TSX:IRD) announced today the award of a USD $3,377,105 contract (total dollar value including any renewal options) from the Illinois Department of Transportation (IDOT). The initial term of this agreement is four (4) years with an option to renew for one additional year. The purpose of this contract is to maintain and maximize performance of the statewide Weigh-in-Motion (WIM) network that is used to protect the highway infrastructure from damage caused by overweight trucks, to enforce size and weight laws, and to meet federal goals and requirements.
IDOT currently has thirty-four active IRD WIM systems that will be covered under this agreement. IRD will be responsible for the repair, maintenance, and service activities of the in-road scales and sensors, roadside electronics, queue detection and camera surveillance systems, and PrePass preclearance weighing systems. This technology allows IDOT and the Illinois State Police to process large volumes of commercial vehicles by improving the efficiency and effectiveness of their weigh station facilities. The trucking industry also realizes considerable benefits through the reduction of wait times, fuel costs, and greenhouse gas (GHG) emissions.
Mr. Terry Bergan, IRD's President and CEO stated: "The Illinois Department of Transportation has been an IRD customer for many years. We are pleased to have been selected as their long-term WIM service provider. IRD's Weigh-in-Motion technology and maintenance services are recognized as the best in our industry, and are key components for a successful statewide traffic data collection and enforcement program."
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
International Road Dynamics Inc.Terry BerganPresident & CEO(306) 653-6600International Road Dynamics Inc.Francine Senecal-LepageInvestor Relations(306) 653-6603(306) 653-1454 (FAX)Email: email@example.comWebsite: www.irdinc.com
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