Road Dynamics <info@irdinc.com>
Subject: News Release: IRD Appoints New CEO
PLAIN TEXT:
IRD's COO succeeds CEO after retirement PRESS RELEASE IRD Appoints New CEO SASKATOON, SK a{ €}" July 12, 2018 -
--->International Road Dynamics Inc., a Quarterhill Inc. company (TSX: QTRH) (NASDAQ: QTRH), today announced that Mr. Terr
--->y Bergan, President and CEO, has retired from the office of Chief Executive effective today. As part of a planned lead
--->ership succession process, IRDa{ €}{ ™}s current Chief Operating Officer and Executive VP, Randy Hanson, w
--->ill succeed Terry Bergan as President and Chief Executive Officer of the Company, effective July 12, 2018. "IRD has gr
--->own to be a recognized world leader in the ITS industry ," said Terry Bergan, President & CEO. "Over the years, IRD Ha
--->s 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 r
--->etire," said 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 IRDa{ €}{ ™}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 t
--->eam. I am also confident that Randy Hanson will ensure the consistency of IRDa{ €}{ ™}s Customer Driven f
--->ocus, providing continued value and quality.a{ €}{: } Randy Hanson is a P. Eng with a degree in Electrical
---> Engineering from the University of Saskatchewan and has been with IRD in the position of Executive VP & COO since 200
--->0. Previous to IRD he held numerous senior leadership positions within several technical engineering organizations and
---> sits on various industry boards. In his role as COO, he directed corporate operations during its substantial change a
--->nd growth. Randya{ €}{ ™}s oversight and leadership will ensure a smooth transition into this new role. Ab
--->out IRD IRD is a highway traffic management technology company specializing in supplying products and systems to the g
--->lobal Intelligent Transportation Systems industry. IRD is a North American company based in Saskatoon, Saskatchewan, C
--->anada with sales and service offices throughout the United States and overseas. Private corporations, transportation a
--->gencies and highway authorities around the world use IRD's products and advanced systems to manage and protect their h
--->ighway infrastructures. About Quarterhill 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. Quarterhilla{ €}{ ™}s emphasis is on seeking out acquisition opport
--->unities at reasonable valuations that provide a foundation for recurring revenues, predictable cash flows and margins,
---> profitable growth, intimate customer relationships and dedicated management teams. Quarterhill is listed on the TSX a
--->nd NASDAQ under the symbol QTRH. For more information: www.quarterhill.com. For more information: Call IRD Head Office
---> at +1-306-653-6600 or email info@irdinc.com www.irdinc.com a{ €}{ Œ} a{ €}{ Œ} a{ €}{
---> Œ} a{ €}{ Œ} International Road Dynamics | 702 - 43rd Street East, Saskatoon, SK S7K 3T9 Canada Unsu
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<span data-entity-ref="preheader">IRD's COO succeeds CEO after retirement </span>
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<a href="http://r20.rs6.net/tn.jsp?f=001Us1iBH4CwPNvnySQgw8cv2KPANHIPYx1DPZslMMsXcoJl9sBRmtQzEVYp6J2D2PIN_BFIHi05ohbqI
--->eOV_VoxOIuCUa2Qy0Jo5eGUvOZkToVx-ay2yU7AMeeJvRLuQ4FJM6POGmEUbZHXcELT8bMsgivcYFT_QnucNtmuhKxBAQc0JZ4mgUfN3ySP80E7c6rP1so
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--->font-family: Verdana, Geneva, sans-serif; font-size: 18px; font-style: normal; font-weight: bold; text-decoration: non
--->e;">IRD</a><span style="color: rgb(0, 71, 105); font-family: Verdana, Geneva, sans-serif; font-size: 18px; font-weight
--->: bold;"> Appoints New CEO</span>
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<div>
<span style="font-weight: bold;">SASKATOON, SK - July 12, 2018</span> - <span style="font-family: Arial, Verdana, Helv
--->etica, sans-serif; font-size: 14px;">International Road Dynamics Inc., a Quarterhill Inc. company (TSX: QTRH) (NASDAQ:
---> QTRH), today announced that</span> Mr. Terry Bergan, President and CEO, has retired from the office of Chief Exe
--->cutive effective today. As part of a planned leadership succession process, IRD's current Chief Operating Officer
---> and Executive VP, Randy Hanson, will succeed Terry Bergan as President and Chief Executive Officer of the C
--->ompany, effective July 12, 2018.</div>
<div><br></div>
<div>"IRD has grown to be a recognized world leader in the ITS industry ," said Terry Bergan, President
---> & CEO. "Over the years, IRD Has persevered during substantial market challenges, while continuing to advance
---> with its world-renowned technologies."</div>
<div><br></div>
<div>"The company is poised to move forward in the world of data management, and I believe it is the right time f
--->or me to retire," said 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 opportuni
--->ties and I'm confident that our employees will get us there with the leadership of Randy Hanson and our senior managem
--->ent team. I am also confident that Randy Hanson will ensure the consistency of IRD's Customer Driven focus,
---> providing continued value and quality."</div>
<div><br></div>
<div>Randy Hanson is a P. Eng with a degree in Electrical Engineering from the University of Saskatchewan and has been
---> with IRD in the position of Executive VP & COO since 2000. Previous to IRD he held numerous senior leadershi
--->p positions within several technical engineering organizations and sits on various industry boards. In his role a
--->s COO, he directed corporate operations during its substantial change and growth. Randy's oversight and leadershi
--->p will ensure a smooth transition into this new role.</div>
<div><br></div>
<div><span style="color: rgb(91, 155, 213); font-weight: bold;">About IRD</span></div>
<div>IRD is a highway traffic management technology company specializing in supplying products and systems to the glob
--->al Intelligent Transportation Systems industry. IRD is a North American company based in Saskatoon, Saskatchewan,
---> Canada with sales and service offices throughout the United States and overseas. Private corporations, transport
--->ation agencies and highway authorities around the world use IRD's products and advanced systems to manage and protect
--->their highway infrastructures.</div>
<div><br></div>
<div><span style="color: rgb(91, 155, 213); font-size: 14px; font-weight: bold;">About Quarterhill</span></div>
<div>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 foundatio
--->n for recurring revenues, predictable cash flows and margins, profitable growth, intimate customer relationships and d
--->edicated management teams. Quarterhill is listed on the TSX and NASDAQ under the symbol QTRH. For more informatio
--->n: <a href="http://r20.rs6.net/tn.jsp?f=001Us1iBH4CwPNvnySQgw8cv2KPANHIPYx1DPZslMMsXcoJl9sBRmtQzL14-yYT9tXu7C8HYE7yX2I
--->9L6eMz-omrtNhdPjJFp2TI6x1J9qZzsknR76Vp6XWbDcgtIFoC-RwpYpT-KNWWfWoGmSlkW3lEw==&c=WGwlDNu7Eho_YtssyGV65Dz4dKZM1R05M7
--->kTtznXIOtsHcP1k8dgWw==&ch=b72VPvuTD1NGH8Fwzjv7k7FrFXXOIOgAoTn6BH1a5l7QTvbZONXrow==" target="_blank" style="color:
--->#0078c1; font-style: normal; font-weight: normal; text-decoration: underline;">www.quarterhill.com</a>.</div>
</div></div>
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<div style="text-align: justify;" align="justify"><span style="font-family: Arial, Verdana, Helvetica, sans-serif; fon
--->t-size: 15px; font-weight: bold;">For more information:</span></div>
<div style="text-align: justify;" align="justify">
<span style="font-family: Arial, Verdana, Helvetica, sans-serif; font-size: 15px; font-weight: bold;">Call IRD Head Of
--->fice at +1-306-653-6600 or email </span><a href="mailto:info@irdinc.com" target="_blank" style="color: #0078c1; fo
--->nt-family: Arial, Verdana, Helvetica, sans-serif; font-size: 15px; font-style: normal; font-weight: bold; text-decorat
--->ion: underline;">info@irdinc.com</a><span style="font-family: Arial, Verdana, Helvetica, sans-serif; font-size: 15px;
--->font-weight: bold;"> </span>
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