- IRD will maintain and service commercial motor vehicle
enforcement technology at 18 locations throughout North Carolina.
- Technology provided includes IRD's Tire Anomaly and
Classification Systems, and weigh-in-motion e-screening
systems.
SASKATOON, SK, Nov. 6, 2023 /CNW/ - International Road Dynamics
Inc. ("IRD"), a wholly-owned subsidiary of Quarterhill Inc.
("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF),
announced today that it has been awarded a three year $4.1 million contract by North Carolina
Department of Transportation ("NCDOT") to maintain, service, repair
and calibrate the commercial vehicle enforcement technology located
at 18 permanent and virtual truck weigh stations throughout the
state. All financial information in this press release is reported
in Canadian dollars.
IRD has been deploying and maintaining enforcement systems with
NCDOT for more than 15 years. This new contract consolidates and
expands the maintenance activities for all active systems in
North Carolina into a single
statewide maintenance agreement. This will enable NCDOT to
optimize performance of its statewide Weigh-in-Motion ("WIM")
network and enhance enforcement of state and federal laws relating
to highway and commercial vehicle operations.
The technology deployed at the 18 sites will include IRD's Tire
Anomaly and Classification System ("TACS") and its WIM e-screening
for commercial vehicle weights and credentials. Other technologies
to be provided under this service agreement include transponder
bypass, license plate and DOT readers, thermal-imaging
brake-detection systems, mainline and ramp screening, over-height
detection, and dynamic message sign signaling and messaging.
Rish Malhotra, IRD's CEO, stated: "We are pleased to expand our
relationship with NCDOT and to have been selected as their
long-term service provider for all enforcement technology needs.
IRD's WIM e-screening systems and our advanced TACS are recognized
as best-in -class and will be key components for a successful
statewide enforcement and safety program."
Chuck Myers, Quarterhill's CEO,
stated: "IRD's enforcement technology is a winning solution for all
parties. Consolidating maintenance and technology at their 18
facilities under one agreement will enable NCDOT and the North
Carolina State Highway Patrol to enhance the efficiency and
effectiveness of processing large volumes of commercial vehicles.
The trucking industry realizes considerable benefits through the
reduction of wait times, fuel costs, and greenhouse gas emissions.
Most importantly, safety for all drivers is enhanced by removing
unsafe trucks and oversized vehicles from the state's
roadways."
About IRD
IRD is a dynamic technology company engaged in developing key
components and advanced systems for the next generation of
transportation networks. Together with subsidiaries PAT Traffic and
IRD Europe (ICOMS Detections, Sensor Line and VDS), IRD supplies
Intelligent Transportation Systems (ITS) to private corporations,
transportation agencies, and highway authorities around the world.
IRD's systems make highways safer, greener, and more efficient.
Known globally as a trusted partner providing sales, service, and
installation support on major ITS projects for over 40 years, IRD
contributes to creating smarter cities by empowering engineering
and urban planning professionals to access reliable traffic data.
For more information, visit www.irdinc.com
About Quarterhill
Quarterhill is a leading provider of tolling and enforcement
solutions in the Intelligent Transportation System (ITS) industry.
Our goal is global leadership in ITS, via organic growth of the
Electronic Transaction Consultants, LLC (ETC) and International
Road Dynamics Inc. (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 TSX under the symbol QTRH and
on the OTCQX Best Market under the symbol QTRHF. For more
information, visit www.quarterhill.com.
Forward-looking
Information
This news release contains forward-looking statements regarding
Quarterhill, its operating subsidiaries and their respective
businesses. Forward-looking statements are based on estimates and
assumptions made by Quarterhill in light of its experience and its
perception of historical trends, current conditions, expected
future developments and the expected effects of new business
strategies, as well as other factors that Quarterhill believes are
appropriate in the circumstances. The forward-looking events and
circumstances discussed herein may not occur and could differ
materially as a result of known and unknown risk factors and
uncertainties affecting Quarterhill, which include, without
limitation, the risks described in Quarterhill's March 22, 2023 annual information form for the
year ended December 31, 2022 (the
"AIF"). In addition, readers are also urged to review the
additional risk factors disclosed in our Management's Discussion
and Analysis for the three months ended June
30, 2023 filed on www.sedarplus.ca. Quarterhill recommends
that readers review and consider all of these risk factors and
notes that readers should not place undue reliance on any of
Quarterhill's forward-looking statements. 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/international-road-dynamics-awarded-4-1-million-north-carolina-weigh-station-maintenance-contract-301978112.html
SOURCE Quarterhill Inc.