TORONTO, Feb. 19,
2025 /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, today announced the appointment of
Robin Saunders to its Board of
Directors, effective immediately.
Ms. Saunders is a co-founder and Managing Partner of Clearbrook
Capital Partners LLP, a London-based private equity firm with a global
focus on sectors that include infrastructure, asset management, and
specialty finance. With a career spanning more than three decades,
she has been recognized as a financial innovator, leading
transactions and investments valued at over US$30 billion in 15 countries.
"We are excited to welcome Robin to our Board," said
Rusty Lewis, Chair of the Board at
Quarterhill. "Her extensive expertise in M&A, finance, and
infrastructure investment aligns with our growth strategy and will
be invaluable as we advance our global position in the ITS
industry."
Prior to Clearbrook, Ms. Saunders held executive positions at
leading global financial institutions, including Citigroup, Chase,
Deutsche Bank and WestLB, specializing in securitization and
principal finance. She is also an active investor in global asset
managers and technology-driven startups. A passionate mentor and
educator, she serves as a Visiting Fellow at the Saïd Business
School, University of Oxford, and is a
frequent speaker on finance and investment innovation at academic
and industry events.
"I am honored to join Quarterhill's board and contribute my
expertise in the financial markets," said Ms. Saunders. "I look
forward to working with the leadership team and fellow board
members to drive long-term value for our shareholders and
stakeholders."
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"), including, without limitation, statements regarding
the Company's positioning for future growth and success. 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 and competition for CFO talent; 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 attract talent and 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