- Quarterhill will perform maintenance on electronic screening
systems and data collection systems at six weigh stations and 28
traffic data sites.
- This contract extends Quarterhill's software services
through the provision of a central server, analytics software, and
a web-based data repository.
TORONTO, July 24,
2024 /CNW/ - Quarterhill Inc. ("Quarterhill" or
the "Company") (TSX: QTRH) (OTCQX: QTRHF), announced today the
award of a $1.2 million contract to
provide maintenance, training, and emergency repair services for
the South Dakota Department of Transportation ("SDDOT") through
December 2026. All Financial
information in this press release is reported in U.S. dollars
unless otherwise indicated.
This contract involves the scheduled maintenance and operational
support of the electronic screening ("E-Screening") systems at six
weigh stations in the state: Jefferson, Tilford, Sisseton, Rapid
City, Blunt, and
Valley Springs. Quarterhill will
administer semi-annual maintenance visits, offering materials and
service parts for the upkeep and smooth operation of major system
components and ancillary equipment.
Maintenance activities encompass rigorous inspection and
servicing of in-road sensors, Weigh-In-Motion ("WIM") scales,
electronic interfaces, computer systems, and vehicle classification
algorithms. The Company will conduct essential system calibrations,
ensuring verification of system and interface operations.
As part of maintaining a robust E-Screening system, Quarterhill
will deliver initial and refresher training courses to SDDOT
operators, enhancing their capability to manage the system
effectively. Emergency repair services will also be readily
available to ensure continuity of operations.
Additionally, Quarterhill will extend its software services by
operating and maintaining a central server to seamlessly exchange
current information from the Federal Motor Carrier Safety
Administration's SAFER database to the Roadside Operations
Computers at all state-operated E-Screening systems. The contract
further includes licenses for the iAnalyze reporting software and
access to the VI2M™ web-based data repository portal,
expanding SDDOT's analytics capabilities.
A substantial part of the contract also includes maintenance and
calibration efforts for 28 traffic data collection WIM systems
located throughout South Dakota, a
testament to Quarterhill's commitment to integrating technology and
service excellence in transportation infrastructure.
On the announcement of the new contract, Chuck Myers, CEO of Quarterhill, stated, "We are
thrilled to extend our relationship with SDDOT. This partnership is
a testament to our continued leadership in transportation
technology and our unwavering commitment to providing first-rate
maintenance and support services as well as a growing stable of
data analytics applications. Quarterhill is dedicated to ensuring
that SDDOT's E-Screening and data systems operate at peak
efficiency, helping to maintain roadway safety and streamline
traffic operations across the state."
This contract highlights Quarterhill's commitment to delivering
cutting-edge technology and professional services. By promoting
innovative solutions in transportation technology and supporting
the infrastructure critical to public safety and economic
productivity, Quarterhill is assisting the SDDOT in achieving its
mission of providing a safe and efficient public transportation
system.
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-awarded-1-2-million-2-year-e-screening-and-traffic-data-system-maintenance-contract-in-south-dakota-302204678.html
SOURCE Quarterhill Inc.
