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Quarterhill Inc T.QTRH

Alternate Symbol(s):  QTRHF | T.QTRH.DB

Quarterhill Inc. is a Canada-based company, which is engaged in providing of tolling and enforcement solutions in the intelligent transportation system (ITS) industry. The Company is focused on the acquisition, management and growth of companies that provide integrated, tolling and mobility systems and solutions to the ITS industry as well as its adjacent markets. The Company’s solutions include congestion charging, performance management, insights & analytics, analytics, toll interoperability, mobility marketplace, maintenance, e-screening, tire anomaly detection, multi-modal data, intersection management, and others. Its tolling includes roadside technologies, commerce and mobility platforms, audit and enforcement, and tolling services. Its safety and enforcement comprise commercial vehicles, automated enforcement, freight mobility, smart transportation, and data solutions. The Company’s wholly owned subsidiary is International Road Dynamics Inc.


TSX:QTRH - Post by User

Bullboard Posts
Post by 100millon Oct 05, 2020 7:38am
182 Views
Post# 31665689

IRD Receives US $1.2 Million Contract from FHWA

IRD Receives US $1.2 Million Contract from FHWAIRD Receives US $1.2 Million Contract from Federal Highway Administration (FHWA)

SASKATOON, SK, Oct. 5, 2020 /CNW/ - International Road Dynamics Inc. ("IRD" or the "Company"), a Quarterhill Inc. ("Quarterhill") company (TSX: QTRH) (OTCQX: QTRHF), announces that it has been awarded a contract for "Weigh-In-Motion (WIM) Systems Installation, Maintenance, and Data Services" with the United States (U.S.) Federal Highway Administration (FHWA) Office of Infrastructure Research and Development, which is part of the U.S. Department of Transportation. The contract is a task-order based, indefinite-delivery-indefinite-quantity, agreement covering a 66-month period and is valued at U.S. $1.2 million.
 
Under this contract, IRD will be issued task orders to provide installation, maintenance, repairs, and verification that data collected from the WIM systems at Long-Term Pavement Performance (LTPP) test sites across the United States and Canada meet performance specifications for Type I WIM systems established by American Society for Testing and Materials (ASTM) Standard E1318-09.
 
The FHWA funds and manages the LTPP program with the goal of investigating specific pavement-related details that are critical to pavement performance. LTPP program studies are performed at more than 2,500 test sections on highways across North America.
 
A key factor in understanding pavement performance is having accurate and reliable monitoring traffic data, specifically classification and weight data. The weigh-in-motion (WIM) equipment used to collect this data will be provided and installed by IRD and evaluated and maintained routinely. IRD will also provide the in-depth knowledge and expertise of the WIM equipment and the necessary industry technical resources that are not readily available in-house at FHWA.
 
Mr. Rish Malhotra, IRD President and CEO, noted "IRD is proud to continue to supply, install and provide maintenance support for this important project operated by FHWA. IRD's WIM technology has been instrumental in ensuring the success of the LTPP program since 2004 and is the basis on which we have built a long and trusted relationship with the U.S. Department of Transportation."
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