-
-
-
- Deon brings extensive tolling, transportation, and
business expertise to Quarterhill
TORONTO, Dec. 31,
2024 /CNW/ - 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 the appointment of Pasquale T. (Pat) Deon, Sr. to its Board of
Directors.
Mr. Deon brings a wealth of experience in tolling, ITS, and
business leadership to Quarterhill. As the former Chairman of the
Southeastern Pennsylvania Transportation Authority ("SEPTA") and
current Vice Chairman of the Pennsylvania Turnpike Commission, Mr.
Deon has played a pivotal role in advancing large-scale
transportation initiatives. He is also an accomplished entrepreneur
and community leader with extensive business experience in the real
estate, energy, hospitality, and beverage industries.
"We are thrilled to welcome Pat
Deon to Quarterhill's Board of Directors," said Rusty Lewis, Chair of the Board at Quarterhill.
"Pat's background in transportation, particularly his leadership
roles at SEPTA and the Pennsylvania Turnpike Commission, will bring
valuable insight to our tolling and enforcement businesses. His
entrepreneurial achievements, proven ability to lead large-scale
transportation initiatives, and deep relationships within the ITS
industry make him an ideal addition to the board as we seek to
capitalize on opportunities in our market and deliver on our growth
potential."
During his 25-year tenure as Chair of SEPTA, the nation's
sixth-largest public transit system, Mr. Deon led significant
expansions and technological innovations, contributing to a
billion-dollar capital budget, increasing ridership, and
maintaining balanced budgets. His leadership also helped secure
over $800 million in project
financing, earning him recognition along the way, such as the
"Outstanding Public Transportation Board Member Award" from the
American Public Transportation Association.
Beyond SEPTA, Mr. Deon has been recognized for his leadership
roles on several influential boards, including the Pennsylvania
Turnpike Commission, the Delaware River Port Authority, the
Greater Philadelphia Chamber of
Commerce, and the Pennsylvania
Convention Center.
Mr. Deon's entrepreneurial achievements are equally noteworthy.
As the owner of Progressive Management, his business holdings span
diverse industries, including real estate, energy, hospitality, and
regulated gaming. He is also the Executive Chairman of
SportsContentCo, LLC, a data supplier to the sports
betting industry and serves on the board of
Independence Health Group, Pennsylvania's largest insurance company.
Mr. Deon's dedication to his community has included support for
the Special Olympics, Pennsylvania
March of Dimes, the American Red Cross, and other notable
organizations and foundations, which reflects his commitment to
civic and philanthropic endeavors.
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.
View original
content:https://www.prnewswire.com/news-releases/pasquale-t-pat-deon-sr-joins-quarterhills-board-of-directors-302340450.html
SOURCE Quarterhill Inc.