- The supply and installation of a
Weigh-In-Motion preclearance system at the Cajon weigh station
will protect roads and improve safety in the state of California
- E-screening system at the weigh station will include
multiple machine vision and sensor technologies for vehicle
identification and verification of safety status
SASKATOON, SK, Oct. 25,
2023 /PRNewswire/ - International Road Dynamics Inc.
("IRD"), a wholly-owned subsidiary of Quarterhill Inc.
("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF),
announced today that it has been awarded a $2.8 million contract by the California
Department of Transportation ("Caltrans"). The contract covers the
supply of a high-speed Weigh-In-Motion ("WIM") pre-clearance system
and a sophisticated Ramp E-screening system at the Cajon weigh
station. All Financial information in this press release is
reported in Canadian dollars unless otherwise indicated.
The E-screening system will target overweight and unsafe
vehicles with the aim of enhancing enforcement efficiency and
highway safety. IRD will supply and install all system components –
including the WIM system, station signs, cameras, advanced machine
vision technology such as a USDOT Number Reader, HAZMAT Placard
Reader, Commercial Vehicle Safety Alliance Decal Reader, and
Thermal Brake Inspection System. IRD's Tire Anomaly and
Classification System ("TACS") will be used at the site to identify
unsafe tires.
Features of IRD's services include:
- Preventing Premature Infrastructure
Deterioration: The system will contribute to curbing
premature pavement infrastructure degradation by identifying
overweight vehicles for enforcement. The integration of a two-step
weighing process with Slow Speed WIM ensures the highest possible
weight pre-screening accuracy.
- Credential and Safety Screening: Vehicles are screened
against state and federal databases as they pass through the
system. High-efficiency E-screening ensures that only high-risk
commercial vehicles are flagged for inspection resulting in reduced
congestion, vehicle emissions, and transport delays.
- Tire Anomaly and Classification System
(TACS): IRD's innovative TACS will screen commercial
vehicle tires, automatically flagging vehicles considered unsafe
due to flat, missing, or mismatched tires. This system identifies
vehicles and specific axles with tire anomalies, providing station
operators with the vital ability to select these vehicles for
scrutiny.
"We are honored to partner with Caltrans in their pursuit of
highway safety and efficiency," said Rish Malhotra, IRD's CEO.
"IRD's commitment to leveraging technology to improve highway
safety remains steadfast, and this collaboration with Caltrans
stands as a testament to this driving mission."
Chuck Myers, CEO of Quarterhill,
added, "This contract expands our footprint in the state of
California, where we have been
doing business for more than 35 years. TACS is a unique solution
that reinforces IRD's reputation for innovation and its leading
position in enforcement within the ITS industry."
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, visit www.irdinc.com
About Quarterhill
Quarterhill is a leading provider of tolling and enforcement
solutions in the Intelligent Transportation System (ITS) industry.
Our goal is global leadership in ITS, via organic growth of the
Electronic Transaction Consultants, LLC (ETC) and International
Road Dynamics Inc. (IRD) 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, visit www.quarterhill.com.
Forward-looking
Information
This news release contains forward-looking statements regarding
Quarterhill, its operating subsidiaries and their respective
businesses. Forward-looking statements 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. 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 Quarterhill, which include, without
limitation, the risks described in Quarterhill's March 22, 2023 annual information form for the
year ended December 31, 2022 (the
"AIF"). In addition, readers are also urged to review the
additional risk factors disclosed in our Management's Discussion
and Analysis for the three months ended June
30, 2023 filed on www.sedarplus.ca. 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, whether as a result of new information,
future events or otherwise, except as required by law.
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SOURCE Quarterhill Inc.