International Road Dynamics Inc.
TSX : IRD

International Road Dynamics Inc.

August 17, 2009 11:20 ET

IRD Receives Cdn$1.7 Million Contract for Truck Pre-Clearance Systems

SASKATOON, SASKATCHEWAN--(Marketwire - Aug. 17, 2009) - International Road Dynamics Inc. (IRD) (TSX:IRD) announced today that it has signed an extension to a contract originally awarded in 2006 from Alberta Transportation for the supply, installation and maintenance of Pre-Clearance equipment at four additional locations in the Province of Alberta. The contract extension has a value of approximately CDN $1.7 Million, bringing the total contract value to approximately CDN $4.0 Million.

As a result of this contract, IRD will have supplied and installed a total of 20 Pre-Clearance Systems at 16 Commercial Vehicle Inspection and Weigh Station locations throughout the Province. The equipment to be provided consists of radio frequency identification (RFID) equipment to allow commercial vehicles enrolled in the provincial Partners In Compliance (PIC) program to bypass weigh stations. Under this voluntary program, qualifying PIC carriers can elect to carry an electronic identification transponder in each truck. This transponder will issue a "green light" to those trucks that are authorized to bypass each weigh station. The additional systems are planned to be installed and operational in the Spring of 2010 and under this contract IRD will provide maintenance for the subsequent three years.

IRD will continue to manage the on-line transponder administration system provided to the Province and the PIC organization for management of credentials of vehicles enrolled in the program.

Mr. Terry Bergan, President and CEO of IRD notes, "We are proud to continue to be a part of this unique partnership which will continue to save truck operators both time and money while improving the effectiveness of weigh station operations. In addition, the expansion of the Alberta Pre-Clearance network contributes to green house emission reductions as commercial vehicles do not have to stop at each weigh station."

For more information on the program, contact Randy Hanson, Executive VP and COO at IRD at (306) 653-6600, or randy.hanson@irdinc.com.

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 or U.S. (303) 355-5998
    or
    International Road Dynamics Inc.
    Francine Senecal-Lepage
    Investor Relations
    (306) 653-6603
    (306) 653-6609 (FAX)
    Email: irdir@irdinc.com
    Website: www.irdinc.com