Iron Road Ltd T.IRD

Primary Symbol: IRNRF

Steel Steel

Iron Road Limited is an Australia-based mineral exploration company. The principal activity of the Company includes exploration and evaluation of the iron ore interests at the Central Eyre Iron project in South Australia including pursuit of business development opportunities associated with the Cape Hardy port site and industrial precinct. The Company’s projects include the Central Eyre Iron project and Gawler Iron project. The Central Eyre Iron project is located on the Eyre Peninsula of South Australia and is a collection of three iron occurrences, such as Warramboo, Kopi and Hambidge. The Gawler Iron project is in South Australia, located along the eastern margin of the Great Victoria Desert some 200 kilometers southwest of Coober Pedy. The Gawler Iron project area covers 3380 square kilometers (km2) and includes over 10 areas of known iron occurrences, including the Mt Christie deposit. Its subsidiaries include IRD Port Assets Holdings Pty Ltd and IRD Port Assets Pty Ltd.

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Iron Road Ltd

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Post by summit4on Sep 26, 2002 11:47am

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Post# 5464569

Contract

IRD Awarded Weigh Station Service Contract By Utah Department Of Transportation SASKATOON, SASKATCHEWAN--International Road Dynamics Inc. (IRD) announced today that it has been awarded a contract by the Utah Department of Transportation to maintain numerous existing Weigh-In-Motion (WIM) Port of Entry (POE) Enforcement Stations located at St. George, Wendover, Perry, and Echo. The total contract is a 5 year commitment with a value of CDN $1,400,000.00 (CDN $280,000.00 annually) for scheduled service and maintenance of equipment installed over the past 7 years. The contract additionally has a provision for additional systems upgrades and repairs on a time and material basis. This contract follows a previous maintenance contract that expired in the State this summer. The scope of this contract includes scheduled maintenance on patented IRD medium and low speed scales, over head detectors, static scale camera systems, WIM interface electronics, sorting computer systems including operator workstations and manual over-ride consoles, AVI equipment, and freeze frame cameras. Mr. Rick Clasby, Administrator Motor Carriers Division Utah, stated "We are pleased to announce the award of our High Tech Enforcement Stations Contract to International Road Dynamics Inc. (IRD). We have teamed with IRD in the past and have always been pleased with their commitment and dedication toward their work." Mr. Terry Bergan, IRD's President and CEO noted, "We are very proud of the ongoing relationship that has been developed with our partners in the State of Utah. IRD is dedicated to having a Customer Driven image in the eyes of our customers. This contract will provide the State of Utah with maximum benefits out of their systems moving forward." 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 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. -30- FOR FURTHER INFORMATION PLEASE CONTACT:

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