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Quarterhill (TSX:QTRH) subsidiary bags $2.2M contract

Technology
TSX:QTRH
20 June 2022 16:00 (EDT)
International Road Dynamics - CEO, Rish Malhotra.

Source: ITS International.

A Quarterhill (QTRH) subsidiary, International Road Dynamics Inc. (IRD), has been awarded a $2.2 million contract in Idaho.

Under the contract, IRD will supply and install an eastbound mainline weigh-in-motion and electronic pre-clearance system to complement the westbound IRD system at the new Idaho Transportation Department Port-of-Entry facility.

According to Quarterhill, the purpose of the project is to complete the relocation of the port-of-entry facility and provide a safer travelling experience for vehicles on the interstate system.

Additionally, the new location will simplify trucking operations using weigh station automation and pre-screening technologies. The updated systems will assist the state of Idaho in more effectively meeting federal compliance standards.

“IRD’s systems have a proven track record of providing a safer experience to the traveling public in the State of Idaho… users will benefit from highly efficient systems that reduce road delays and emissions for heavy truck operators while at the same time protecting road infrastructure and public safety,” Rish Malhotra, IRD President and CEO, said.

The system will weigh commercial vehicles at highway speeds upstream of the weigh station using IRD’s scales and check for tire defects with IRD’s tire anomaly and classification system.

It will also use an identification system to check vehicle credentials which will be screened with government databases.

Commercial vehicles in violation of weight or safety regulations will be automatically signaled to report for inspection at the port-of-entry weigh station by changeable message signs.

Quarterhill Inc. (QTRH) is up 5.88 per cent trading at $1.98 per share as of 3:20 p.m. ET.

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