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Message: IRD signs $1mill dollar contract

IRD signs $1mill dollar contract

International Road Dynamics, a Quarterhill Company, Awarded Contracts valued at US $1 Million
SASKATOON, SK – July 25, 2018 - International Road Dynamics Inc., a Quarterhill Inc. company (TSX: QTRH) (NASDAQ: QTRH), today announced that International Road Dynamics Inc. ("IRD"), has been awarded contracts valued at US $1 million by its partner Total Innovative Security Solutions Inc. (TISSI) in the Philippines to provide Weigh-In-Motion and data collection equipment.
 
Under terms of the contracts, IRD will supply the equipment for overloaded vehicle control and road monitoring projects. This equipment includes Portable Weigh-In-Motion Axle Weighers and High Speed Virtual Weigh-In-Motion systems. The data collected from the permanent high-speed Weigh-In-Motion systems will include axle and gross vehicle weights, axle spacing, vehicle classification, vehicle side-view images, license plate images and vehicle speed information. Additionally, the contracts include the supply of traffic counters and classifiers for data collection in permanent and temporary applications in the Philippines.
 
Mr. Randy Hanson, IRD’s President and CEO commented, “IRD has been a long-term products and systems supplier to the Philippines, and these new contracts underline our ongoing commitment and longstanding positive relationship with TISSI.”

 

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