IRD - International Road Dynamics Inc.

Golden Capital Securities - Research Brief
Contact Mr. Robert Peets
168 - 1177 West Hastings Street
Vancouver, BC
Tel (604) 688-1898
Email: rpeets@goldencapital.com

Golden Capital Research Report 2004 (pdf - 82 kb)

Frost & Sullivan

1996	US Intelligent Transportation System (ITS) Market -This summary is referenced from a major marketing research report published by Frost and Sullivan, New York, NY (1996)

The ITS Industry	ITS is composed of a number of technologies, including information, processing, communications, control and electronics. Joining these technologies in the transportation system can save lives, save time and save money. ITS can improve safety, reduce congestion, achieve mobility, minimize environmental impact, save energy and promote economic productivity in the transportation system. In 1995, the American ITS market generated over $205M (USD) in revenue. Forecasted Compound Annual Growth Rate(CAGR) of 28.9% will result in annual revenues in excess of $1.2 billion (USD) by the end of the decade.

Commercial Vehicle Operations (CVO)	- improve highway safety and increase productivity In 1995, the CVO market generated over $72M(USD) in revenue. Forecasted CAGR of 13.4% will result in annual revenues in excess of $171M (USD) by the end of the decade. IRD has successfully cornered the CVO market with 78.5% market share and is the established leader in Weigh In Motion technology.

Safety Systems and Specialized Traffic Applications	- increase safety and efficiency of motor vehicles In 1995, this market generated over $13M(USD) in revenue. Forecasted CAGR of 50.7% will result in annual revenues in excess of $237M (USD) by the end of the decade.

Real-Time Automatic Vehicle Location (AVL) Utilizing GPS Satellite Information and Wireless Dispatch System (APTS, TWC)	- vastly improve public transportation In 1995, this market generated over $15.8M(USD) in revenue. Forecasted CAGR of 19.8% will result in annual revenues in excess of $56M(USD) by the end of the decade. This market is addressed by IRD Teleride which provides high profit margin software products for the Fleet management marketplace.

Toll Roads, Freeway Management, Traffic Management and Control Systems	- increase efficiency of traffic flow In 1995, this market generated over $71M(USD) in revenue. Forecasted CAGR of 28% will result in annual revenues in excess of $402M (USD) by the end of the decade. Major sub segments include; TOLL ROADS In 1995, over 3 million US dollars in revenue was generated. Based on a compound annual growth rate of 33.7%, revenues are predicted to be in excess of 23 million US dollars. TRAFFIC MANAGEMENT In 1995, over 30 million US dollars in revenue was generated. Based on a compound annual growth rate of 23.8%, revenues are predicted to be in excess of 138 million US. TRAFFIC DATA COLLECTION In 1995, over 9 million US dollars in revenue was generated. Based on a compound annual growth rate of 28.8%, revenues are predicted to be in excess of 53 million US.