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Quarterhill Inc
Symbol QTRH
Shares Issued 115,382,994
Close 2024-11-26 C$ 1.71
Market Cap C$ 197,304,920
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Quarterhill wins $3.4M (U.S.) in contracts in Idaho

2024-11-27 13:52 ET - News Release

Mr. Chuck Myers reports

QUARTERHILL ANNOUNCES TWO CONTRACTS IN IDAHO VALUED AT $3.4 MILLION FOR WEIGH STATION UPGRADES AND MAINTENANCE

Quarterhill Inc. has been awarded two contracts valued at $3.4-million for system upgrades and maintenance at commercial vehicle enforcement stations operated by the Idaho State Police (ISP). All financial information in this press release is reported in U.S. dollars.

Quarterhill has been contracted by the Idaho Transportation Department (ITD) to install new components and upgrade the Inkom port-of-entry weigh station as part of the I-15 Inkom corridor improvements. The entrance ramp is being extended, which necessitates the relocation of the weigh-in-motion (WIM) system. Key technological upgrades include advanced licence plate readers and overview cameras, an over-height detector, and automatic vehicle identification antenna and reader electronics. The project also includes the integration of cutting-edge iSINC WIM electronics, and the supply of single-load-cell WIM scales to ensure precise commercial vehicle weight assessments.

Quarterhill will also provide one year of maintenance for electronic screening and virtual weigh station sites, covering electronics upgrades, data services, quality checks, data supply to the state and reporting support for Idaho agencies. The contract includes an option to extend maintenance services for an additional year.

The Inkom project includes the installation of a tire anomaly and classification system (TACS), designed to detect and classify tire issues, including flat, missing or underinflated tires. Identifying such anomalies is vital for road safety as tire defects can impair vehicle control, increase stopping distances and lead to a higher number of accidents. Moreover, ensuring tires are in good condition helps in reducing fuel consumption and extending tire life, thereby promoting both economic and environmental benefits. This targeted approach toward tire monitoring underscores a commitment to enhancing vehicular safety and operational efficiency within Idaho's transportation infrastructure.

"Partnering with the Idaho Transportation Department underscores Quarterhill's dedication to advancing infrastructure through innovation," commented Chuck Myers, chief executive officer of Quarterhill. "Upgrades like the modernized e-screening system, enhanced electronics and TACS installation reflect our commitment to road safety, operational efficiency and environmental sustainability. These improvements streamline commercial vehicle processing and reinforce our role in delivering impactful public infrastructure projects that benefit Idaho and its citizens."

About Quarterhill Inc.

Quarterhill is a leading provider of tolling and enforcement solutions in the intelligent transportation system (ITS) industry. The company's goal is technology-driven global leadership in ITS through organic growth of its tolling and enforcement businesses 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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