Saskatoon, SK March 15, 2011 – At a reception in Mumbai, India the wholly owned subsidiary IRDSA (IRD South Asia Pvt. Ltd.) of International Road Dynamics Inc. (IRD) signed three contracts with customers with a total value of approximately CDN $1,500,000.
The signing ceremony took place at a reception attended by numerous customers, the Premier of the Province of Saskatchewan, the Honorable Brad Wall, representatives from the Government of Canada, the Canadian Embassy in India and participants in a Canadian Trade Mission. To see the original media release click on: http://www.irdinc.com/investor/pdf/step_0311
The three contracts signed at the reception were:
Mr. Terry Bergan, IRD's President and CEO commented, “We are very pleased with these recent awards by Reliance and IRB. These awards demonstrate IRDSA‟s strong market position in the Toll market in India as well as our clients‟ confidence in our Electronic Toll Collection (ETC) system”.
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