IRD Awarded USD $4.6 Million Maintenance Contract from State of Pennsylvania
(firmenpresse) - SASKATOON, SASKATCHEWAN -- (Marketwired) -- 07/19/16 -- International Road Dynamics Inc. (TSX: IRD) (IRD) announced today that it has been awarded a USD $4,618,555 contract from the Pennsylvania Department of Transportation (PennDOT) for the installation, calibration and maintenance of Weigh-in-Motion (WIM) systems across the state. This contract has an initial term of two years and provides an option for renewal for up to three additional years.
PennDOT currently has 38 active IRD WIM systems that are covered under this agreement. Nine of these systems also include overview camera systems. Data collection and planning site locations are made up of in-road instrumentation and IRD iSINC WIM electronics and software. Historical data collected from these sites are used to develop daily and seasonal factors, as well as to identify changes in traffic patterns. Real time data is used to enhance safety and assist the State Police with enforcement activities, resulting in reduced roadway damage and increased preservation of pavement and infrastructure.
Mr. Terry Bergan, IRD''s President and CEO stated: "We are very pleased to be extending our long-term relationship with PennDOT. Our proven WIM technologies, and the data collected by these state-of-the-art solutions, are helping extend the life of highway and roadway infrastructure, enhance driver safety, and improve environmental performance. These long-term service and maintenance contracts also contribute to the stability of our cash flows and our increased presence in key markets around the world."
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
Contacts:
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)
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Datum: 19.07.2016 - 09:10 Uhr
Sprache: Deutsch
News-ID 1447703
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