International Road Dynamics Inc.

International Road Dynamics Inc.

September 29, 2011 16:11 ET

IRD Receives USD $4.7 Million Contract from the US Department of Transportation

SASKATOON, SASKATCHEWAN--(Marketwire - Sept. 29, 2011) - International Road Dynamics Inc. (TSX:IRD) (IRD) announced today the award of a contract for "Weigh-In-Motion (WIM) Systems Maintenance and Data Services" with the US Department of Transportation, Federal Highway Administration (FHWA). Under this contract, IRD will be issued task orders to provide maintenance, download data, and perform verification checks at existing Long-Term Pavement Performance (LTPP) Specific Pavement Study (SPS) WIM sites located across the United States and Canada. The contract is a task-order based, indefinite-delivery-indefinite-quantity agreement covering a forty-eight month period. The potential maximum value of the project is approximately USD $4.7 Million.

WIM sites maintained under this agreement provide high accuracy traffic and load data. Additionally IRD camera systems will be deployed at select WIM locations which will cross-link vehicle images to corresponding vehicle records and enhance overall data collection. The primary goal of the LTPP program is to understand how and why pavements perform as they do in order to provide data and products that extend pavement life at a reasonable cost. Given the strong national interest in analyzing the pavement performance data collected at the SPS sites, the FHWA established a national pooled fund study to increase the quantity and improve the quality of traffic data needed to support analysis projects. The Federal Highway Administration's (FHWA) Office of Infrastructure Research and Development administers the Nation's LTPP program in cooperation with the American Association of State Highway and Transportation Officials (AASHTO), the National Academy of Science, and State Highway Agencies.

Mr. Terry Bergan, IRD President and CEO, noted "IRD is proud to be selected for this important project with the US Department of Transportation. We have been working directly with FHWA on LTPP installations and maintenance since 2004. We are looking forward to extending our long term, successful relationship and consider this a very significant project for IRD as a nation-wide, multi-year, traffic data services provider."

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)