Business
Quarterhill's newest acquisition, Red Fox ID Limited, wins two prestigious King's Awards
Quarterhill's newest acquisition, Red Fox ID Limited, wins two prestigious King's Awards ...
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[{"type":"text","content":"\n \n \n \n Quarterhill's newest acquisition, Red Fox ID Limited, wins two prestigious King's Awards\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 Red Fox\n \n wins an award for Innovation and another for excellence in International Trade\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n May 6, 2024\n \n \n /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 that its wholly-owned subsidiary, Red Fox ID Limited (\"Red Fox\"), has been recognized twice by the King's Awards for Enterprise (\"King's Awards). The King's Awards are the UK's most prestigious business award, recognizing outstanding achievement by UK businesses in the categories of innovation, international trade, sustainable development and promoting opportunity through social mobility since 1965.\n \n \n \n Red Fox\n \n is known for its cutting-edge Automatic Vehicle Detection and Classification (\"AVDC\") technology, essential for modern road user charging applications. The company's significant overseas market presence and exceptional growth in international sales over three years have earned them the King's Award for International Trade. Additionally,\n \n Red Fox's\n \n technological prowess, demonstrated by the Quantum system—a synergy of real-time data interpretation software and LiDAR sensors—has warranted the Innovation award. This system has substantially enhanced tolling efficiency and accuracy, reflecting the company's dedication to research and development.\n \n \n \"The whole of the\n \n Red Fox\n \n team is thrilled at the news that we are to receive two prestigious King's Awards for Enterprise, one for Innovation and the other for International Trade. This is a true testament to the entrepreneurial spirit and ingenuity of our business,\" said\n \n Steve Bird\n \n , CEO of\n \n Red Fox\n \n .\n \n \n \n Chuck Myers\n \n , CEO of Quarterhill, expressed enthusiasm about the r...