09:26:02 EDT Sun 05 May 2024
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or Name
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CA



Quarterhill Inc
Symbol QTRH
Shares Issued 114,633,034
Close 2023-10-24 C$ 1.48
Market Cap C$ 169,656,890
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Quarterhill's IRD wins $2.8-million contract

2023-10-25 09:32 ET - News Release

Mr. Chuck Myers reports

INTERNATIONAL ROAD DYNAMICS AWARDED $2.8 MILLION CONTRACT FOR CALTRANS RAMP E-SCREENING SYSTEM

International Road Dynamics Inc. (IRD), a wholly owned subsidiary of Quarterhill Inc., has been awarded a $2.8-million contract by the California Department of Transportation (Caltrans). The contract covers the supply of a high-speed weigh-in-motion (WIM) preclearance system and a sophisticated ramp e-screening system at the Cajon weigh station. All financial information in this press release is reported in Canadian dollars unless otherwise indicated.

The e-screening system will target overweight and unsafe vehicles with the aim of enhancing enforcement efficiency and highway safety. IRD will supply and install all system components -- including the WIM system, station signs, cameras, advanced machine vision technology such as a USDOT number reader, HAZMAT placard reader, commercial vehicle safety alliance decal reader and thermal brake inspection system. IRD's tire anomaly and classification system (TACS) will be used at the site to identify unsafe tires.

Features of IRD's services include:

  • Preventing premature infrastructure deterioration: The system will contribute to curbing premature pavement infrastructure degradation by identifying overweight vehicles for enforcement. The integration of a two-step weighing process with slow-speed WIM ensures the highest possible weight prescreening accuracy.
  • Credential and safety screening: Vehicles are screened against state and federal databases as they pass through the system. High-efficiency e-screening ensures that only high-risk commercial vehicles are flagged for inspection, resulting in reduced congestion, vehicle emissions and transport delays.
  • Tire anomaly and classification system (TACS): IRD's innovative TACS will screen commercial vehicle tires, automatically flagging vehicles considered unsafe due to flat, missing or mismatched tires. This system identifies vehicles and specific axles with tire anomalies, providing station operators with the vital ability to select these vehicles for scrutiny.

"We are honoured to partner with Caltrans in their pursuit of highway safety and efficiency," said Rish Malhotra, IRD's chief executive officer. "IRD's commitment to leveraging technology to improve highway safety remains steadfast, and this collaboration with Caltrans stands as a testament to this driving mission."

Chuck Myers, CEO of Quarterhill, added: "This contract expands our footprint in the state of California, where we have been doing business for more than 35 years. TACS is a unique solution that reinforces IRD's reputation for innovation and its leading position in enforcement within the ITS industry."

About Quarterhill Inc.

Quarterhill is a leading provider of tolling and enforcement solutions in the intelligent transportation system (ITS) industry. Its goal is global leadership in ITS, via organic growth of the Electronic Transaction Consultants LLC (ETC) and International Road Dynamics (IRD) platforms, and by continuing an acquisition-oriented investment strategy that capitalizes on attractive growth opportunities within ITS and its adjacent markets. Quarterhill is listed on the Toronto Stock Exchange under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF.

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