- Quarterhill Inc. will showcase its full range of
transportation solutions for Tolling, Safety and Enforcement, and
Logistics under one banner for the first time at this year's
Intertraffic
- Quarterhill invites Intertraffic Amsterdam 2024 attendees to
experience its comprehensive ITS solutions at Stand 01.116, April
16–19, 2024
TORONTO, April 17,
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, announced that
it will attend and exhibit at Intertraffic Amsterdam for the first
time under one unified brand, bringing together its entire
portfolio of subsidiaries under the Quarterhill name. The
exhibition will take place from April 16–19, 2024.
Quarterhill's newly launched branding reflects the Company's
technology-focused trajectory and a fresh direction that showcases
and emphasizes software and logistics solutions. At the heart of
the Company's rebrand is the launch of its new website,
www.quarterhill.com. The website was designed to simplify the user
experience—enabling customers all around the world to find the
products, services, and solutions they need quickly and
intuitively.
Quarterhill's subsidiaries — Electronic Transactions Consultants
(ETC), International Road Dynamics (IRD), Icoms Detections, Sensor
Line, and VDS — will exhibit at Intertraffic 2024 together under
one banner, showcasing the comprehensive service offerings that
span three specialized divisions: Tolling, Safety &
Enforcement, and Logistics.
Intertraffic Amsterdam is
recognized as the leading global exhibition in the field of
critical transportation infrastructure, a key event for traffic
technology and mobility professionals from around the world. The
event provides an open platform where visitors and industry experts
can experience Quarterhill's vast array of solutions that are
driving transportation forward — further, faster, and smarter.
Visit Quarterhill at Stand 01.116, where the Company will
provide insight into the capabilities and synergies offered across
its entire portfolio.
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. In particular, this news release contains
forward-looking statements pertaining to, but not limited to, the
following: the Company's business plan; anticipated financial and
operational results of Red Fox; integration of Red Fox into the
Company's business; future investment in the Red Fox product
platform; and the impact of the Red Fox acquisition on
Quarterhill's financial results.
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; stock exchange approval of
the Red Fox acquisition; successful integration of Red Fox; 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.