Bullboard - Stock Discussion Forum 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... see more

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Quarterhill Inc > Quarterhill Awarded $5.3 Million Contract

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Post by Betteryear2 on Mar 07, 2024 9:06am

Quarterhill Awarded $5.3 Million Contract

Quarterhill subsidiary IRD will install Weigh-In-Motion technology at 28 sites on various Interstate and State Routes.
The sites will collect vehicle data related to road infrastructure protection and monitor commercial vehicle routes to improve highway safety.

SASKATOON, SK, March 7, 2024 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a leading provider of tolling and enforcement solutions in the Intelligent Transportation System ("ITS") industry, announces that its wholly-owned subsidiary, International Road Dynamics Inc. ("IRD"), has been awarded a $5.3 million contract by the Tennessee Department of Transportation ("TDOT") to install Weigh-In-Motion ("WIM") systems at 28 sites on interstate and state routes across Tennessee. Installation is expected to be completed in May 2025. All financial information in this press release is reported in Canadian dollars.
Quarterhill Awarded $5.3 Million Tennessee Statewide Weigh-In-Motion Contract (prnewswire.com)