International Road Dynamics, a Quarterhill Company, Awarded US $4.23 Million Contract

06:30 EDT Tuesday, September 26, 2017 

OTTAWA, Sept. 26, 2017 /CNW/ - Quarterhill Inc. ("Quarterhill') (TSX:QTRH) (NASDAQ:QTRH), announced today that its wholly owned subsidiary, International Road Dynamics Inc. ("IRD"), has been awarded a new five-year contract valued at US $4.23 million with the Oklahoma Department of Transportation ('"ODOT") for Traffic Monitoring Systems ("TMS") maintenance and service.

 

Under this agreement, IRD will provide installation, repair, service, and calibration at 95 TMS locations across the state.  ODOT traffic monitoring systems currently consist of 23 Weigh-in-Motion ("WIM") and 72 Automatic Vehicle Classification ("AVC") stations.

 

All systems installed in Oklahoma are solar powered and accessible via cellular modem.  Traffic data collected at these stations include vehicle volume, speed, type, direction of travel, and time of travel. Weigh-in-Motion locations also collect valuable axle weight data that can be used to estimate vehicle loading on the associated highways and infrastructure.

 

This contract is a "turnkey" services agreement, with IRD responsible for all equipment, materials, labor, and technical expertise to successfully install, repair, maintain, and operate all WIM and AVC systems. IRD solutions allow the customer to receive a complete package of services and data from one experienced vendor.  IRD provides a comprehensive program that includes the design, manufacturing, installation, collection of data, post-processing of data, report generation, and maintenance of data collection systems.

 

Mr. Terry Bergan, IRD's President and CEO, commented: "We are pleased that Oklahoma has selected IRD for their installation and service needs, extending our more than 25-year relationship with the State. This contract award is another successful example of how we are building our base of recurring service, maintenance, and data provision revenues, a key component of our value-enhancing strategies."

 

The Oklahoma Department of Transportation is a multi-modal transportation agency whose mission "is to provide a safe, economical and effective transportation network for the people, commerce and communities of Oklahoma."