Saskatoon, SK June 10, 2013 – International Road Dynamics Inc. (IRD) announced today that a contract announced on April 8, 2013 to supply a new GPS tracking system for the City of Carlsbad, New Mexico has been rescinded. The initial demonstration phase of the contract was valued at US $50,000. The decision to rescind the contract was due to a change in management priorities at the City.
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.
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The Company’s shares trade on the Toronto Stock Exchange under the symbol IRD.
FOR MORE INFORMATION PLEASE CONTACT:
President & CEO
Phone: (306) 653-6600
U.S. (303) 355-5998
Phone: (306) 653-6603
Fax: (306) 653-1454
IRD is listed on the TSX - trading symbol - IRD