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Wednesday, September 29, 2010

(TSX:IRD) News ; IRD Announces New Contract Awarded in Mongolia Valued at CDN $769,000

(TSX:IRD)  News ;  IRD Announces New Contract Awarded in Mongolia Valued at CDN $769,000



SASKATOON, SASKATCHEWAN--(http://www.investorideas.com/ gold and mining stocks blog )  - Sept. 29, 2010) - International Road Dynamics Inc. (IRD) (TSX:IRD) announced today that it has been awarded a new contract in Mongolia by MCS Electronics valued at CAD $769,000. The project involves the supply and installation of IRD's Weigh-in-Motion and toll collection systems along the Tavan Tolgoi – Gashuun Sukhait toll road, a crucial route being used to enhance mining development and expansion in the Gobi region bordering China. The toll road is built to transport coal to China from the Ukhaa Khudag (UHG) coal deposit, a high quality coal deposit in Mongolia.
The contract involves the supply of a toll system at 4 plazas as well as 4 pre-selection slow speed Weigh-in-Motion sorting systems to keep overloaded trucks off the road. Further, the contract involves the use of RFID tags and readers to collect tolls from the trucks using the toll way. All over-weight trucks will be prevented from using the toll road. MCS Electronics will act as the contractor for this project which is scheduled to be commissioned in early 2011.
"We are extremely pleased to be extending our presence in Asia with this important new contract," commented Terry Bergan, President and Chief Executive Officer of IRD. "Our installed solution will ensure proper asset management of the toll road and provide suitable monitoring and screening to assist with proper operations and management of this important transportation link between Mongolia and China."
About IRD
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.
About MCS Electronics
MCS Electronics is a leading Systems Integrator Company that owns the largest market share in Mongolia's ICT industry and has implemented several long term and large scale ICT and industrial automation projects in the region over the past thirteen years.
The Company's shares trade on the Toronto Stock Exchange under the symbol IRD.
IRD is listed on the TSX - trading symbol - IRD


For more information, please contact
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)
irdir@irdinc.com
www.irdinc.com
 
 
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