Mr. Randy Hanson reports

AWARDED $8.1 MILLION HAWAII TRAFFIC DATA COLLECTION PROJECT

International Road Dynamics Inc. (IRD), a Quarterhill Inc. company, has been awarded a contract by the State of Hawaii Department of Transportation (HDOT) for continuous traffic monitoring (CTM) data collection goods and services statewide. CTM systems collect traffic volume, speed, vehicle classification and weight data to support the HDOT's continuous traffic monitoring program on state highways. This agreement covers the supply, operation and maintenance of the CTM systems, as well as data reporting, hosting and management. The total five-year contract value is $8.1-million. Unless otherwise noted, all dollar amounts are expressed in United States dollars.

International Road has had a successful working relationship with HDOT going back to its original truck weigh-in-motion station on Sand Island Parkway in 1986. Today there are 81 permanent traffic monitoring sites that are supported under this contract on six of the eight major Hawaiian islands (Oahu, Maui, Hawaii, Lanai, Molokai and Kauai). Additional site locations are expected to be added during the term of the project.

The traffic monitoring systems are used for assessing pavement damage caused by heavy vehicles. Data from the systems will influence the development of the state's commercial vehicle enforcement plans. Additionally, these data will be used as a means for providing estimates for noise studies and identifying changes in highway travel patterns and related factors. The company's VI2M (vehicle information in motion) cloud-based data collection, reporting and analytics service is a key component of the new contract and will provide the state with a complete picture of activity across all traffic monitoring sites.

Randy Hanson, International Road's president and chief executive officer, commented: "We are proud of our record in Hawaii and committed to ensuring the success of HDOT's highways planning data collection and motor vehicle enforcement programs. This project shows the importance of continually advancing IRD's technology to anticipate our customer's future needs. Relationships such as we have with HDOT provide a solid base to support new developments and offerings to all of our transportation industry partners."

About International Road Dynamics Inc.

The company is a highway traffic management technology company specializing in supplying products and systems to the global intelligent transportation systems (ITS) industry. International Road is a North American company based in Saskatoon, Sask., Canada, with sales and service offices throughout the United States and overseas. Private corporations, transportation agencies and highway authorities around the world use the company's products and advanced systems to manage and protect their highway infrastructure.

About Quarterhill Inc.

Quarterhill is focused on the disciplined acquisition, management and growth of companies in dedicated technology areas including vertical market software and solutions, intelligent industrial systems, and innovation and licensing. Quarterhill's emphasis is on seeking out acquisition opportunities at reasonable valuations that provide a foundation for recurring revenues, predictable cash flows and margins, profitable growth, intimate customer relationships, and dedicated management teams.

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