This new service agreement has a total value of US$4.7 million and provides for the maintenance of both Caltrans' commercial vehicle enforcement systems and traffic data collection systems from for the next three years.
Terry Bergan, IRD's President and CEO commented, "We are very pleased to be extending our relationship with Caltrans. IRD continues to renew our key multi-year contracts and sign significant new agreements within our service and maintenance markets around the world, increasing the recurring revenue aspects of our business and providing a solid and profitable base to support our ongoing research and development programs as we continue to evolve and provide new and innovative products and solutions to our customers."
