15:27:54 EDT Sat 21 Jul 2018
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Quarterhill Inc
Symbol C : QTRH
Shares Issued 118,817,466
Close 2018-07-12 C$ 1.37
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Quarterhill's Bergan retires as International Road CEO

2018-07-12 15:19 ET - News Release

Mr. Terry Bergan reports

IRD APPOINTS NEW CEO

Terry Bergan, president and chief executive officer, has retired from the office of chief executive of International Road Dynamics Inc., a Quarterhill Inc. company, effective July 12, 2018. As part of a planned leadership succession process, International Road Dynamics' current chief operating officer and executive vice-president, Randy Hanson, will succeed Mr. Bergan as president and chief executive officer of the company, effective July 12, 2018.

"IRD has grown to be a recognized world leader in the ITS (intelligent transportation systems) industry," said Mr. Bergan. "Over the years, IRD has persevered during substantial market challenges while continuing to advance with its world-renowned technologies."

"The company is poised to move forward in the world of data management, and I believe it is the right time for me to retire," said Mr. Bergan. "While I will deeply miss the people that have made the company successful, I am looking forward to spending time with my family; I do so knowing that IRD's path forward is full of opportunities, and I'm confident that our employees will get us there with the leadership of Randy Hanson and our senior management team. I am also confident that Randy Hanson will ensure the consistency of IRD's customer-driven focus, providing continued value and quality."

Mr. Hanson is a PEng with a degree in electrical engineering from the University of Saskatchewan and has been with International Road Dynamics in the position of executive vice-president and chief operating officer since 2000. Previous to International Road Dynamics, he held numerous senior leadership positions within several technical engineering organizations and sits on various industry boards. In his role as chief operating officer, he directed corporate operations during its substantial change and growth. Mr. Hanson's oversight and leadership will ensure a smooth transition into this new role.

About International Road Dynamics Inc.

International Road Dynamics is a highway traffic management technology company specializing in supplying products and systems to the global intelligent transportation systems industry.

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.

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