International Road Dynamics Inc.

International Road Dynamics Inc.

November 21, 2014 07:30 ET

IRD's Chilean Subsidiary Receives USD $1.35 Million Weigh Station Contract

SASKATOON, SASKATCHEWAN--(Marketwired - Nov. 21, 2014) - International Road Dynamics Inc. (TSX:IRD) (IRD) announced today that PAT Traffic Ltda., IRD's wholly-owned subsidiary in Chile, has been awarded a major contract in Chile with a Chilean Concessionaire, SACYR Chile valued in USD $1,353,500. The contract includes the supply and installation of new, state-of-the-art weigh-in-motion and related control equipment at five truck weigh stations; three in the north of the country and two in the south. Four of the stations will be completed in 2015 and one in 2016.

"This contract further expands PAT Traffic Chile's presence in the country" commented Terry Bergan, IRD's President and CEO. "Our team in Chile continues to successfully expand in the region, and profitably build its installed base and reputation for high quality service and support throughout Latin America. We look forward to continued growth going forward."

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

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)