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Quarterhill Announces $4.9 Million in Transportation Technology Product Sales in Thailand and South Korea
Quarterhill Announces $4.9 Million in Transportation Technology Product Sales in Thailand and Sou...
About this update from Quarterhill Inc
[{"type":"text","content":"\n \n \n \n Quarterhill Announces $4.9 Million in Transportation Technology Product Sales in Thailand and South Korea\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 Strategic partnerships with regional distributors T.M.S. Engineering in\n \n Thailand\n \n and S.A. Technology Co., Ltd. in\n \n South Korea\n \n reinforce Quarterhill's strong market presence and dedication to global transportation innovation.\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n July 17, 2024\n \n \n /CNW/ - Quarterhill Inc. (\"Quarterhill\" or the \"Company\") (TSX: QTRH) (OTCQX: QTRHF), a global leader in transportation technology solutions, announces a total of\n \n $4.9 million\n \n in product sales to its regional partners in\n \n Thailand\n \n and\n \n South Korea\n \n . All Financial information in this press release is reported in U.S. dollars unless otherwise indicated.\n \n \n Through its well-established distributor, T.M.S. Engineering (\"TMS\"), Quarterhill has successfully secured a\n \n $2.8 million\n \n agreement to supply its cutting-edge high-speed Weigh-In-Motion (\"WIM\") preclearance systems, alongside vital components, for multiple Ministry of Transportation projects across\n \n Thailand\n \n . TMS has also become Quarterhill's regional distributor for Sensor Line fiber-optic toll treadle sensors, enhancing customer support for this product in\n \n Thailand\n \n . This strategic move underscores Quarterhill's commitment to improving road safety, efficiency, and infrastructure resilience in\n \n Asia's\n \n emerging markets.\n \n \n In a parallel development, Quarterhill's dedicated distributor in\n \n South Korea\n \n , S.A. Technology Co., Ltd. (\"SAT\"), has committed\n \n $2.1 million\n \n for the procurement of the state-of-the-art IRD-PAT Bending Plate WIM scales and the versatile SAW portable enforcement scales. This purchase is a significant step forward in bolstering weight enforcement systems within\n \n South Korea\n \n , reinforcing Quarterhill's footprint in providing high-caliber transportation and logistic...