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Quarterhill Accelerates ITS Focus with Announcement of Management Change and Strategic Review of WiLAN
Quarterhill Accelerates ITS Focus with Announcement of Management Change and Strategic Re...
About this update from Quarterhill Inc
[{"type":"text","content":"\n \n \n \n Quarterhill Accelerates ITS Focus with Announcement of Management Change and Strategic Review of WiLAN\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n Bret Kidd\n \n , the current CEO of subsidiary Electronic Transaction Consultants (ETC) appointed CEO of Quarterhill replacing\n \n Paul Hill\n \n effective immediately\n \n \n \n \n Quarterhill to combine its corporate office with the office of ETC\n \n \n \n \n Quarterhill to Seek Strategic Alternatives for WiLAN\n \n \n \n \n \n TORONTO\n \n ,\n \n Dec. 15, 2021\n \n /CNW/ - Quarterhill Inc. (\"Quarterhill\") (TSX: QTRH) (OTCQX: QTRHF), announces that its Board of Directors (the \"Board\") has approved a plan to accelerate the company's transition into a growth-oriented business focused on the exciting Intelligent Transportation Systems (\"ITS\") industry.\n \n \n The global ITS industry is projected to grow from\n \n $45B\n \n in 2020 to\n \n $90B\n \n in 2025, a 15% CAGR. ITS has significant tailwinds; governments face massive declines in traditional infrastructure funding sources and are turning to tolling and other forms of mobility user fees to fill the gaps.  At the same time, advances in mobility technology are enabling public policies around congestion management, safety and sustainability in ways that weren't possible just a few years ago. These same technologies are improving convenience and choices for consumers and businesses with ever smarter vehicles and \"Mobility as a Service\" models that enable transportation to be purchased exactly how and when it's needed.\n \n \n The new Quarterhill is committed to global leadership in ITS and will operate through two main divisions, Electronic Transaction Consultants (\"ETC\") and International Road Dynamics (\"IRD\"). Quarterhill will continue to develop its ITS platforms with ETC focusing on tolling and IRD focusing on commercial vehicle operations and enforcement technologies.\n \n \n Effectively immediately the Board is pleased to announce that\n \n Bret Kidd\n \n , the current CEO of ETC will ...