- Quarterhill will supply and maintain iTHEIA™ video-based AI
traffic count and classification systems at 17 sites across
North Dakota.
- Vehicle count and classification data from iTHEIA, an
advanced AI-powered, video-based system, will provide essential
data for highway planning, design, maintenance, and management in
the state.
TORONTO, June 6, 2024
/CNW/ - Quarterhill Inc. ("Quarterhill" or the "Company")
(TSX: QTRH) (OTCQX: QTRHF), announced today that it has been
awarded two contracts valued at $1.5
million for the supply and maintenance of iTHEIA™ AI Video
Automatic Traffic Recorders ("ATR") in the western and eastern
regions of North Dakota. All
financial information in this press release is reported in U.S.
dollars.
The two contracts involve iTHEIA™ upgrades for 14 existing
traffic data collection sites located across the state and the
installation of three additional sites at Bismarck Expressway,
Buxton, and Bowesmont. This
expansion will use artificial intelligence ("AI") to bolster the
North Dakota Department of Transportation ("NDDOT") data collection
capabilities, ensuring comprehensive traffic data collection
throughout the year.
These AI-powered ATR sites will play a critical role in
collecting vehicle count and classification data, which is
essential for highway planning, design, maintenance, and management
in North Dakota. Traffic volume
counts, including data on commercial vehicles, passenger vehicles,
bicycles, and pedestrians, are crucial inputs for traffic
engineering and planning analyses. This data supports the
development of infrastructure project design parameters, which are
vital inputs for road construction plans.
To meet these objectives, the NDDOT will utilize Quarterhill's
iTHEIA™ non-intrusive data collection solution. iTHEIA™ utilizes
video and machine learning for vehicle traffic counting and
classification. iTHEIA™ offers significant advantages,
including:
- Security and Reliability: An industrial-grade
computing system and Linux operating system provide high
reliability and security, and an NDAA-compliant camera system meets
Federal requirements.
- Safety and Cost-Effectiveness: By eliminating the need
for road closures during installation and maintenance, iTHEIA™
enhances safety and reduces costs.
- Superior Longevity: Unlike in-road sensor-based
systems, iTHEIA™ is unaffected by pavement degradation and performs
reliably regardless of road surface conditions.
- Autonomous: iTHEIA™ uses powerful edge-computing
technology to perform vehicle counts and classification at the
roadside, eliminating the need to upload video for third-party
processing.
- Comprehensive Data Collection: iTHEIA™ provides accurate
and continuous traffic data collection, essential for informed
decision-making in transportation infrastructure planning and
management.
Quarterhill is committed to delivering innovative solutions that
enhance safety and promote sustainable transportation
infrastructure. The iTHEIA™ system represents a leap forward in
traffic data collection technology, contributing to safer and more
efficient roadways.
"We are pleased to expand our relationship with NDDOT and to
enhance the state's traffic data collection capabilities with our
cutting-edge iTHEIA™ solution," said Chuck
Myers, CEO of Quarterhill. "These contracts not only
underscore the confidence in our technology but also demonstrate
our commitment to providing AI-based systems for safer, more
efficient, and cost-effective transportation management. Ensuring
the accuracy of traffic data is paramount, and with iTHEIA™, we
will deliver comprehensive vehicle data to serve North Dakota's needs for years to come."
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/north-dakota-dot-selects-quarterhills-itheia-ai-classification-system-for-traffic-monitoring-302165590.html
SOURCE Quarterhill Inc.