-- Second contract in Ukraine this year further expands IRD's international presence
SASKATOON, SK, Dec. 8, 2020 /CNW/ - International Road Dynamics Inc. ("IRD" or the "Company"), a
Quarterhill Inc. ("Quarterhill") company (TSX: QTRH) (OTCQX: QTRHF), announced today that it has been awarded a follow-on contract to provide high-speed, Virtual Weigh-In-Motion (VWIM) systems for four sites in Ukraine. These systems will provide commercial vehicle enforcement, traffic monitoring, and reporting capabilities through a web-based application. The contract is valued at approximately $2.0 million. All financial figures are in U.S. dollars unless otherwise specified.
In September 2020, IRD, in partnership with SEA Electronics LLC ("SEA"), was awarded a $3.3 million contract by the Financing of Infrastructural Projects (FinInPro) State enterprise in Ukraine to provide VWIM systems at six sites. Under the terms of the new contract, IRD and SEA will supply and install VWIM systems at four additional sites for the Ukrainian road agency, Ukravtodor. Ukravtodor will utilize IRD's roadside equipment and VWIM processing software to collect real-time traffic data and support the enforcement of overweight and oversized commercial vehicles, as well as vehicles that are potentially in violation of local operating regulations.
Mr. Rish Malhotra, IRD's President and Chief Executive Officer commented, "We are pleased to expand our international presence in Ukraine and to have earned the confidence of the Ukrainian road agency, Ukravtodor, based on our past projects completed jointly with SEA. At a number of sites in Ukraine, where our VWIM systems are now in operation, the traffic data being generated has already begun to improve road safety and will ultimately help Ukraine meet its infrastructure preservation goals. These additional VWIM sites will ensure broader coverage of the country's road network, extending the benefits across the nation."
IRD's VWIM systems provide real-time and historical data that includes vehicle weight, vehicle overview images, license plate numbers and vehicle dimensions. This data is then monitored for safety and regulation enforcement. Additionally, the deployed systems will be equipped with a wrong-way detection feature with both front and rear license plate images, an added safety feature aimed at deterring vehicles from travelling the wrong way (opposite traffic flow).