Quarterhill Inc. reports developments tied to intelligent transportation system solutions for public transportation agencies. Its updates commonly cover Weigh-in-Motion and Virtual Weigh-in-Motion deployments, traffic monitoring systems, commercial vehicle screening, automated enforcement, tolling technologies, AI-enabled sensing, and data platforms used for roadway safety, freight mobility, infrastructure protection, and transportation planning.
Quarterhill news also includes contract awards and agency partnerships across North America, including work supported by its International Road Dynamics subsidiary, as well as product demonstrations and financial results. Recurring disclosures emphasize software and recurring-revenue expansion, safety and enforcement activity, backlog and project execution, and the company’s positioning as a technology provider in the ITS market.
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Quarterhill Inc. (TSX: QTRH; OTCQX: QTRHF) will release its financial results for the first quarter of 2023 on May 10, 2023. The results will cover the period ending March 31, 2023. Interim CEO John Gillberry and CFO John Karnes will host a conference call at 10:00 a.m. ET to discuss the results. Investors can access the live audio webcast via the provided link, and a replay will be available for 365 days following the event. Quarterhill focuses on tolling and enforcement solutions within the Intelligent Transportation System (ITS) sector and aims for global leadership through organic growth and acquisitions. For more details, visit their official website.
Quarterhill Inc. (TSX: QTRH, OTCQX: QTRHF) announced a $1.9 million contract awarded to its subsidiary, International Road Dynamics Inc. (IRD), by the Indiana Department of Transportation (INDOT) for three Virtual Weigh-In-Motion (VWIM) systems. These systems will monitor road usage and protect infrastructure from damage caused by overweight vehicles. The VWIM systems will be installed on newly paved sections of I-69 and I-465, providing accurate traffic and load data for planning and compliance. The initiative aims to support INDOT's efforts toward road preservation and efficient vehicle weight enforcement. IRD's advanced technology in weigh-in-motion systems positions it as a leader in the commercial vehicle compliance market.
Quarterhill Inc. announces the appointment of Rusty Lewis as Lead Independent Director, effective April 3, 2023. The company is set to hold its Annual and Special Meeting of Shareholders on May 8, 2023, at 9:30 a.m. EDT, accessible via a virtual audio webcast. This format aims to enhance participation from all shareholders, irrespective of their location. Shareholders will have the opportunity to vote in real-time and pose questions during the meeting, following procedures outlined in Quarterhill's Management Information Circular. Proxy materials were mailed on April 6, 2023, and voting instructions must be submitted by May 4, 2023. The meeting will also allow guests to listen online. For more information, shareholders can visit Quarterhill's profiles on SEDAR and the company's website.
Quarterhill Inc. (TSX: QTRH, OTCQX: QTRHF) announced a significant milestone in the tolling industry via its subsidiary, Electronic Transaction Consultants (ETC). ETC facilitated the connectivity between the Central United States Interoperability (CUSIOP) hub and the Southeastern Interoperability (SEIOP) hub, improving toll payment convenience across multiple states. This collaboration involves key agencies from Texas, Kansas, and Florida, enhancing customer service through interoperability. ETC aims to expand its network further with its upcoming Inter Agency Group E-ZPass hub, expected to streamline over $5.2 billion in transactions. This initiative reflects ETC's commitment to improving infrastructure and user charging systems.