OTTAWA, Aug. 29, 2017 /PRNewswire/ - Quarterhill Inc.
("Quarterhill") (TSX:QTRH) (NASDAQ:QTRH), announced today that its
wholly owned subsidiary, International Road Dynamics Inc. ("IRD"),
has been awarded a contract valued at CDN$1.95 million to supply four Commercial
Vehicle Pre-Screening Stations for the Regina, Saskatchewan Bypass project.
The Commercial Vehicle Pre-Screening Stations will be used by
the Saskatchewan Ministry of Highways and Infrastructure ("MHI") to
monitor and screen commercial vehicles based on weights and
dimensions. Under the contract, IRD will supply and install an
integrated system using its Bending Plate Weigh-In-Motion ("WIM")
Scales with License Plate Readers and Overview and Side Door Image
Cameras. The pre-screening systems will be located at various
points along the Regina Bypass and will be remotely linked and
controlled at a Data Management Centre.
"IRD is pleased to be a part of this landmark project to supply
our advanced world class systems for the Regina Bypass," said
Terry Bergan, President and CEO of
IRD. "The Pre-Screening Systems will assist the Saskatchewan
MHI to control over-weight commercial vehicles and preserve the
highway infrastructure throughout the life of the Regina
Bypass."
The Regina Bypass is a $1.88
billion Public-Private Partnership project and the largest
infrastructure project in Saskatchewan's history. The project includes
12 overpasses, 60 km of four-lane highway, and 55 km of new service
roads.
About IRD
IRD is a highway traffic management technology company specializing
in supplying products and systems to the global Intelligent
Transportation Systems industry. IRD is a North American company
based in Saskatoon, Saskatchewan,
Canada with sales and service offices throughout
the United States and overseas.
Private corporations, transportation agencies and highway
authorities around the world use IRD's products and advanced
systems to manage and protect their highway infrastructures.
About Quarterhill
Quarterhill is a diversified investment holding company focused on
growing its business by acquiring technology companies in the
Industrial Internet of Things ("IIoT") segment across multiple
verticals. Quarterhill targets companies with a broad range of
products and services that capture, analyze and interpret data, and
that have strong financial performance, excellent management teams,
strong intellectual property underpinnings and significant
opportunities to develop long-term recurring and growing revenue
streams. Quarterhill is listed on the TSX and NASDAQ under the
symbol QTRH. For more information: www.quarterhill.com.
Forward-looking Information
This news release contains forward-looking statements and
forward-looking information within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995 and other United States and Canadian securities laws.
Forward-looking statements and forward-looking information 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. Many
factors could cause Quarterhill's actual performance or
achievements to differ materially from those expressed or implied
by the forward-looking statements or forward-looking information.
Such factors include, without limitation, the risks described in
its February 10, 2017 annual
information form for the year ended December
31, 2016 (the "AIF"). Copies of the AIF may be obtained at
www.sedar.com or www.sec.gov. 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 or forward-looking information, whether as a result of
new information, future events or otherwise, except as required by
law.
All trademarks and brands mentioned in this release are the
property of their respective owners.
SOURCE Quarterhill Inc.