International Road Dynamics Inc.
TSX : IRD

International Road Dynamics Inc.

February 02, 2016 07:30 ET

IRD Awarded US $4.8 Million Contract in New York State

SASKATOON, SASKATCHEWAN--(Marketwired - Feb. 2, 2016) - International Road Dynamics Inc. (IRD) (TSX:IRD) announced today that the New York State Department of Transportation (NYSDOT) has awarded the Company a five (5) year Traffic Data Collection Maintenance and Upgrade contract valued at US $4.8 Million. Under this agreement, IRD will install, upgrade, repair, operate and maintain the NYSDOT permanent data collection sites located in Metro New York City, Nassau, Suffolk, Rockland and Westchester Counties.

Permanent data collection sites are comprised of fixed in-road instrumentation used to monitor traffic. The majority of the sites have IRD Data Collection equipment. The NYSDOT uses these sites to collect, summarize and interpret information about the traffic traveling on the State's Highways System. The data is used to assess transportation needs and infrastructure performance, as well as to develop planning and programming recommendations. Traffic data is required for route planning, safety programs, the designation of evacuation routes and their management, and the design of highway projects.

"We are pleased to receive this long term commitment to provide repair and maintenance services to the State of New York. IRD has participated in similar Traffic Data Services agreements with the NYSDOT over the past ten years, and we look forward to continuing this relationship and delivering value to this long term customer," commented Terry Bergan, IRD's President and CEO. "As States become more aware of their need for high quality traffic information, the demand for these services continue to grow. This agreement further strengthens our long term maintenance strategy to grow and expand our Data Management and Field Services market."

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