International Road Dynamics Inc. (USA) - Press Release: International Road Dynamics Inc. (IRD), a Quarterhill Inc. (“Quarterhill”) company (TSX:QTRH) (OTCQX:QTRHF), announced that the company has been awarded two contracts totaling $1.2 million for Weigh-In-Motion (WIM) system upgrades for the Illinois State Toll Highway Authority (“Illinois Tollway”). The new sites will be used by the Illinois State Police (“ISP”) to monitor commercial vehicles for weight and tire violations. All financial information in this press release is reported in Canadian dollars unless otherwise indicated.
The upgrade project includes the removal of existing WIM Systems on I-94 and I-355, installation of new Virtual Weigh-In-Motion (VWIM) sites comprising WIM sensors, iSINC® WIM controllers, cameras, over-height detection sensors, and Tire Anomaly and Classification Systems (“TACS”). The WIM sensors will be used to screen for overweight vehicles and the TACS systems will identify vehicles that are unsafe due to flat, missing, mismatched, or underinflated tires.
IRD’s Virtual Weigh Station (“VWS”) web-based operator interface software will enable remote identification of violations for more efficient enforcement by ISP. The VWS provides accessibility to real-time data including camera images, vehicle record data, and user reports. The TACS systems will be integrated with the VWS to display the locations of the tire anomalies on vehicle records. Under the contract, IRD will also provide Illinois Tollway and ISP personnel with training on the operation of the systems. IRD’s Construction Services will support the electrical and construction work at the sites and supervise the installation of all in-road sensors to ensure faster, safer, and more efficient installation resulting in shorter road closures and less disruption of traffic.
“IRD has a longstanding presence in Illinois as a leading supplier of WIM technology,” said Rish Malhotra, IRD President and CEO. “We are excited to deliver these new projects, installing state-of-the-art upgrades and new functionality, that aligns with the mission of Illinois DOT, Illinois Tollway and ISP to improve safety and efficiency, as well as deliver a cost-effective transportation system extending the life of the Tollway’s infrastructure and enhancing the quality of life in Illinois. These future-focused systems unlock new value, anticipating our customers’ current planning needs as well as ensuring that the data from our systems will provide new insights well beyond the immediate commercial vehicle enforcement requirements.”
IRD is a dynamic technology company engaged in developing key components and advanced systems for the next generation of transportation networks. Together with subsidiaries PAT Traffic and IRD Europe (ICOMS Detections, Sensor Line and VDS), IRD supplies Intelligent Transportation Systems (ITS) to private corporations, transportation agencies, and highway authorities around the world. IRD’s systems make highways safer, greener, and more efficient. Known globally as a trusted partner providing sales, service, and installation support on major ITS projects for over 40 years, IRD contributes to creating smarter cities by empowering engineering and urban planning professionals to access reliable traffic data.
Quarterhill is a leading provider of tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry, as well as, through its Wi-LAN Inc. subsidiary, a leader in Intellectual Property licensing. Our goal is global leadership in ITS, by organic growth of the Electronic Transaction Consultants, LLC and International Road Dynamics Inc. platforms and by continuing an acquisition-oriented investment strategy that capitalizes on attractive growth opportunities within ITS and its adjacent markets. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF.