International Road Dynamics Inc.

International Road Dynamics Inc.

September 09, 2008 10:15 ET

IRD'S Brazilian Subsidiary Receives CAD$6.13Million Contract

SASKATOON, SASKATCHEWAN--(Marketwire - Sept. 9, 2008) - International Road Dynamics Inc. (IRD) (TSX:IRD) announced today that PAT Traffic Sistemas de Transporte Inteligente Ltda (PAT Traffic Brazil) of Sao Paulo, Brazil has received a contract from Consorcio Operacao de Rodovias (COR) for the maintenance of 19 Weigh-In-Motion (WIM) truck weigh stations and 7 portable WIM systems for a period of 40 months. The total contract value is approximately R$ 10.000 million (CAD$6.13 Million). COR, a consortium formed by 5 independent companies, was contracted by the Brazilian Federal Department of Transport Infrastructure (DNIT) to operate weighing stations in the federal highway network.

This project is part of the Brazilian Economic Growing Acceleration Plan (PAC). Under this plan, and a previous contract with the DNIT, PAT Traffic Brazil refurbished the WIM Truck Weigh Stations provided by PAT Traffic Brazil in the mid 1980's. This work was completed over the past 24 months. Under this new contract, PAT Traffic Brazil will maintain the stations for the next 40 months. Most of the equipment and systems operating in the stations was supplied to PAT Traffic Brazil by PAT Traffic Ltda, IRD's 100% owned subsidiary located in Santiago, Chile.

Mr. Terry Bergan, IRD President and CEO stated, "The award of this contract is the continuation of the refurbishment program by the DNIT to modernize the largest network of WIM stations outside North America. The efforts of PAT Traffic Brazil, PAT Traffic Chile and IRD to provide the DNIT a cost-effective solution for their WIM enforcement requirements has led directly to this new contract and with a network of some 70 DNIT stations across Brazil, we anticipate our strong presence in the region will lead to further business going forward."

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

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
    International Road Dynamics Inc.
    Francine Senecal-Lepage
    Investor Relations
    (306) 653-6603
    (306) 653-6609 (FAX)