- IRD will replace existing Virtual Weigh-In-Motion (VWIM)
sites with upgraded technologies
- New sites will expand coverage of IRD's TACS tire screening
solution to improve road safety on the Illinois Tollway
network
- These sites will deliver the first multi-lane applications
of IRD's TACS tire safety screening technology
SASKATOON, SK, May 11, 2022
/PRNewswire/ - International Road Dynamics Inc. (IRD), a
Quarterhill Inc. ("Quarterhill") company (TSX: QTRH) (OTCQX:
QTRHF), announced today that the company has been awarded two
contracts totalling $1.2 million for
Weigh-In-Motion (WIM) system upgrades for the Illinois State Toll
Highway Authority ("Illinois Tollway"). The new sites will be used
by the Illinois State Police
("ISP") to monitor commercial vehicles for weight and tire
violations. All financial information in this press release is
reported in Canadian dollars, unless otherwise indicated.
The upgrade project includes the removal of existing WIM Systems
on I-94 and I-355, installation of new Virtual Weigh-In-Motion
(VWIM) sites comprising WIM sensors, iSINC® WIM controllers,
cameras, over-height detection sensors, and Tire Anomaly and
Classification Systems ("TACS"). The WIM sensors will be used
to screen for overweight vehicles and the TACS systems
will identify vehicles that are unsafe due to flat, missing,
mismatched, or underinflated tires.
IRD's Virtual Weigh Station ("VWS") web-based operator interface
software will enable remote identification of violations for more
efficient enforcement by ISP. The VWS provides accessibility to
real-time data including camera images, vehicle record data, and
user reports. The TACS systems will be integrated with the VWS to
display the locations of the tire anomalies on vehicle
records. Under the terms of the contracts, IRD will also
provide Illinois Tollway and ISP personnel with training on the
operation of the systems. IRD's Construction Services will support
the electrical and construction work at the sites and supervise the
installation of all in-road sensors to ensure faster, safer, and an
efficient installation resulting in shorter road closures and less
disruption of traffic.
"IRD has a longstanding presence in Illinois as a leading supplier of WIM
technology," said Rish Malhotra, IRD President and CEO. "We are
excited to deliver these new projects, installing state-of-the-art
upgrades and new functionality, that aligns will the mission of
Illinois DOT, Illinois Tollway and ISP to improve safety and
efficiency as well as deliver a cost-effective transportation
system extending the life of the Tollway's infrastructure and
enhance the quality of life in Illinois. These future-focused systems unlock
new value anticipating our customers' current planning needs as
well as ensuring that the data from our systems will provide new
insights well beyond the immediate commercial vehicle enforcement
requirements."
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: www.irdinc.com
About Quarterhill
Quarterhill is a leading provider of tolling and enforcement
solutions in the Intelligent Transportation System (ITS) industry,
as well as, through its Wi-LAN Inc. subsidiary, a leader in
Intellectual Property licensing. Our goal is global leadership in
ITS, by organic growth of the Electronic Transaction Consultants,
LLC and International Road Dynamics Inc. 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, please visit www.quarterhill.com
Forward-Looking
Information
This news release contains forward-looking statements regarding
IRD, Quarterhill and their businesses. Forward-looking statements
are based on estimates and assumptions made by IRD and/or
Quarterhill in light of their experience and perception of
historical trends, current conditions, expected future developments
and the expected effects of new business strategies, as well as
other factors that IRD and/or Quarterhill believe 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 IRD and/or Quarterhill, including: potential risks and
uncertainties relating to the ultimate geographic spread of the
novel coronavirus ("COVID-19"); the severity of the disease; the
duration of the COVID-19 outbreak; actions that may be taken by
governmental authorities to contain the COVID-19 outbreak or to
treat its impact; the potential negative impacts of COVID-19 on the
global economy and financial markets and any resulting impact on
IRD and/or Quarterhill and/or their businesses. Other factors
include, without limitation, the risks described in Quarterhill's
March 20, 2022 annual information
form for the year ended December 31,
2021 (the "AIF"). Copies of the AIF may be obtained at
www.sedar.com. IRD and Quarterhill recommend that readers review
and consider all of these risk factors and notes that readers
should not place undue reliance on any of IRD's forward-looking
statements. IRD 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/ird-awarded-1-2-million-weigh-in-motion-project-for-illinois-tollway-301544769.html
SOURCE Quarterhill Inc.