new release 2020-09-28 06:30 ET - News Release
SASKATOON, SK, Sept. 28, 2020 /PRNewswire/ - International Road Dynamics Inc. ("IRD" or the "Company"), a Quarterhill Inc. ("Quarterhill") company (TSX: QTRH) (OTCQX: QTRHF), announced today that its partnership with SEA Electronics LLC (SEA) has been awarded a US $3.3 million commercial vehicle enforcement systems contract in Ukraine. Under the terms of the contract, IRD will provide high-speed virtual Weigh-In-Motion (WIM) systems for six sites in Ukraine. These systems will provide commercial vehicle enforcement, traffic monitoring, and reporting capability through a web-based application. This contract expands on IRD's existing partnership with SEA, a Ukraine-based supplier and manufacturer of electrical equipment, including traffic control systems. IRD and SEA recently deployed a WIM pilot project for the Ukrainian road agency, Ukravtodor, at six sites where IRD was chosen to supply the roadside equipment and WIM processing software to collect real-time traffic data and support the enforcement of overweight and over-dimension commercial vehicles, as well as vehicles that are potentially in violation of local operating regulations. The pilot project WIM sites revealed that over 40% of commercial vehicles were overloaded. Building on the success of the pilot project, SEA will be installing six additional virtual WIM sites for the State Enterprise Financing of Infrastructure Projects (FinInPro). These new sites will utilize IRD's WIM systems and Virtual Weigh Station (VWS) software for vehicle monitoring and enforcement on 16 traffic lanes. IRD's VWS software provides 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 system will be equipped with a wrong-way detection feature, an added safety feature aimed at deterring vehicles from travelling the wrong way (opposite traffic flow).
Mr. Rish Malhotra, IRD's President and Chief Executive Officer commented, "We are pleased to build on the success of the pilot program and to expand both our partnership with SEA Electronics and our presence in Ukraine. FinInPro's selection of SEA, and IRD's monitoring and enforcement technology, is a forward-looking decision that will assist Ukraine in meeting road safety and infrastructure preservation goals, thereby benefiting vehicle operators, passengers and the broader public."