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IRD Awarded $13 Million Contract in New York State
IRD Awarded $13 Million Contract in New York State Canada NewsWire ...
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[{"type":"text","content":"\n \n \n \n IRD Awarded $13 Million Contract in New York State\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n IRD to install and manage traffic data collection sites\n \n \n \n \n \n \n Data collection used to monitor traffic flow, assess infrastructure performance and plan future requirements\n \n \n \n \n \n \n SASKATOON, SK\n \n ,\n \n March 29, 2021\n \n /CNW/ - International Road Dynamics Inc. (\"IRD\"), a Quarterhill Inc. (\"Quarterhill\") company (TSX: QTRH) (OTCQX: QTRHF), announced today that the\n \n New York State\n \n Department of Transportation (\"NYSDOT\") has awarded the Company a five-year Maintenance and Upgrade contract valued at up to\n \n $13.0 million\n \n . Under this agreement, IRD will install, manage and maintain the NYSDOT permanent traffic data collection sites located in Metro New York City and\n \n Long Island\n \n . All financial information in this press release is reported in Canadian dollars, unless otherwise indicated.\n \n \n NYSDOT collects, summarizes, and interprets information about traffic traveling on the State's Highway System. The data is used to assess transportation needs and highway infrastructure performance, as well as to develop highway planning and programming recommendations. Traffic data is also important for route planning safety programs, the designation of evacuation routes and their management, and the design of highway projects.\n \n \n \"IRD has more than 25,000 Traffic Data Collection systems deployed worldwide. This is a growing area of interest for our customers as the potential to use data analytics for enhanced insights and decision-making is greater today than ever before,\" said Rish Malhotra, IRD's President and CEO. \"We have been providing traffic data services to the\n \n State of New York\n \n for over 20 years and are pleased to announce that we are entering another long-term performance-based agreement with the state. This continuity of service is a testament to the value received by NYSDOT from IRD's technology and teams.\"\n \n \n The types ...