International Road Dynamics Inc.
TSX : IRD

International Road Dynamics Inc.

July 08, 2005 10:45 ET

IRD's Brazilian Subsidiary Receives $2 Million WIM Contract

SASKATOON, SASKATCHEWAN--(CCNMatthews - July 8, 2005) - International Road Dynamics Inc. (TSX:IRD) (IRD) announced today that PAT Traffic Sistemas de Transporte Inteligente Ltda (PAT Traffic Brazil) of Sao Paulo, Brazil has received a contract from the Brazilian Federal Department of Transport Infrastructure (DNIT) for the refurbishment of 13 Weigh-In-Motion stations (WIM) on federal highways for R$3.83 million (CAD $2.0 million).

IRD acquired a 40% interest in PAT Traffic Brazil following its purchase of the worldwide PAT Traffic business in the fall of 2003.

The weigh stations are located in southeast Brazil and were originally supplied by PAT's predecessor. The contract will be completed within 6 months and will utilize equipment and services supplied primarily by PAT Traffic Ltda, IRD's 100% subsidiary located in Santiago, Chile.

Mr. Terry Bergan, IRD President and CEO stated "the award of this contract is the culmination of our efforts to expand IRD's business in Brazil, one of the biggest markets for WIM outside of North America. We are also confident this contract will lead to additional business as the Brazilian government refurbishes and maintains its total network of over 70 WIM stations across the country."

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.

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