- Quarterhill will showcase its advanced roadside and
back-office tolling solutions at this year's technology
summit.
- This marks the first time that leading toll technology
provider Electronic Transaction Consultants, LLC (ETC) will
participate as part of Quarterhill's unified brand.
TORONTO, May 5, 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, is proud to announce its participation as a
Platinum sponsor at the International Bridge, Tunnel and Turnpike
Association ("IBTTA") Technology Summit from May 4 to 7, 2024, in Atlanta, Georgia. Quarterhill is showcasing
its groundbreaking solutions at booth 203.
Quarterhill's appearance at the IBTTA Technology Summit
signifies an important evolution towards a unified brand identity,
highlighting the integration of Electronic Transaction Consultants,
LLC ("ETC") into its portfolio. This strategic consolidation under
the Quarterhill brand enhances the Company's capability to deliver
comprehensive, integrated ITS solutions, combining expertise in
tolling, enforcement, and vehicle classification technologies. This
move not only streamlines Quarterhill's offerings but also
reinforces its commitment to leading innovation in the ITS
industry, providing superior value to its clients and
stakeholders.
Joining the excitement, Red Fox ID Limited ("Red Fox")—a company
at the forefront of above-ground vehicle classification technology
and the latest addition to the Quarterhill family—is also
exhibiting at the Technology Summit in booths 101/103. Red Fox is known for its cutting-edge Automatic
Vehicle Detection and Classification ("AVDC") technology, essential
for modern road user charging applications.
Visitors to the IBTTA Technology Summit can experience the
future of tolling and AVDC technology by meeting with the experts
from Quarterhill and Red Fox at
their respective booths. The summit serves as a perfect platform
for demonstrating how the integration of ETC and Red Fox into Quarterhill will enhance the
company's road pricing solutions.
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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SOURCE Quarterhill Inc.