- Quarterhill's installation of advanced E-screening systems
in North Carolina will
significantly enhance road safety and streamline the inspection of
commercial vehicles by the State Highway Patrol.
- The projects in Hendersonville and Halifax will bolster the productivity of
commercial motor vehicles, ensuring a safer and more efficient
transportation network across the state.
TORONTO, Sept. 18,
2024 /PRNewswire/ - Quarterhill Inc.
("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF),
announced today that it has been awarded two contracts valued at
$5.8 million for the supply of
advanced Commercial Vehicle Enforcement technology for weigh
stations operated by the North Carolina Department of Public Safety
("NCDPS") State Patrol. All financial information in this press
release is reported in U.S. dollars.
Quarterhill has been selected to supply upgrades and new
installations for the Hendersonville and Halifax County Commercial
Vehicle inspection facilities. These projects are designed to
enhance vehicle screening and improve the safety and efficiency of
commercial motor vehicle operations.
In both the eastbound and westbound lanes at Hendersonville, advanced weigh-in-motion
("WIM") systems integrated with electronic screening
("E-screening") will be implemented to streamline the process of
weighing vehicles while they are traveling at highway speeds. Two
new virtual weigh stations, utilizing two lanes each, will be
installed in advance of the rest areas and weigh stations. These
sites will primarily focus on selecting vehicles for further
inspection. The selected vehicles may then be directed to nearby
rest areas used for enforcement, supplementing the fixed weigh
stations.
The Halifax County northbound
and southbound weigh stations will be upgraded to include new
mainline sorter systems. These systems encompass state-of-the-art
WIM technology, Tire Anomaly and Classification Systems, and
License Plate Recognition ("LPR").
The main goal of the Halifax
project is to enhance the interoperability of Innovative Technology
Deployment systems by integrating mainline WIM and LPR
technologies, USDOT readers, tire monitoring systems, and digital
message signs. These upgrades aim to improve commercial vehicle
safety and increase the productivity of commercial drivers by
facilitating quicker and more efficient inspections along the busy
I-95 corridor.
Quarterhill's solutions will enable the State Highway Patrol to
manage and regulate commercial vehicle operations more efficiently.
Improved data collection and automation will reduce manual checks,
saving time and resources while increasing road safety.
"We are excited to bring our latest enforcement technology
solutions to North Carolina. These
projects in Hendersonville and
Halifax represent an evolution for
the state's operations and emphasize our commitment to advancing
road safety and efficiency," said Chuck
Myers, CEO of Quarterhill. "By implementing these
sophisticated systems, we are not just improving the workflow for
the NCDPS State Patrol but also enhancing the overall safety and
operational efficiency of the commercial transport sector across
the state."
About Quarterhill
Quarterhill is a leading provider of tolling and enforcement
solutions in the Intelligent Transportation System (ITS) industry.
Our goal is technology-driven global leadership in ITS, via organic
growth of our 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 TSX under the symbol QTRH and
on the OTCQX Best Market under the symbol QTRHF. For more
information: www.quarterhill.com.
Forward-looking Information
This news release contains forward-looking information and
forward-looking statements within the meaning of applicable
Canadian securities laws (collectively, "forward-looking
statements"). Such forward-looking statements relate to future
events, conditions or future financial performance of Quarterhill
based on future economic conditions and courses of action. All
statements other than statements of historical fact may be
forward-looking statements. Such forward-looking statements are
often, but not always, identified by the use of any words such as
"seek", "anticipate", "budget", "plan", "goal", "expect" and
similar expressions.
Forward-looking statements involve known and unknown risks,
assumptions, uncertainties and other factors that may cause actual
results or events to differ materially from those anticipated in
such forward-looking statements. Material risk factors that could
cause actual results to differ materially from the forward-looking
statements contained in this news release include, among others,
demand for Quarterhill's products and services; general economic
and market conditions; competition; risks relating to technological
advances and cyber-security; and other risks set forth in the
Company's most recent annual information form available on SEDAR+
at www.sedarplus.ca. The Company believes the expectations
reflected in the forward-looking statements are reasonable, but no
assurance can be given that these expectations will prove to be
correct and such forward-looking statements included in this news
release should not be unduly relied upon. Material factors and
assumptions used to develop the forward-looking statements
contained in this news release include, among others: Quarterhill's
ability to execute on its business plan; demand for Quarterhill's
products and services; operating assumptions; and financial
projections and cost estimates. Quarterhill has no intention, and
undertakes no obligation, to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
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content:https://www.prnewswire.com/news-releases/quarterhill-announces-contracts-totaling-5-8-million-to-deploy-new-technologies-at-north-carolina-weigh-stations-302251364.html
SOURCE Quarterhill Inc.
