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An announcement from Quarterhill ( (TSE:QTRH) ) is now available.
Quarterhill Inc. has announced a new contract to supply weigh-in-motion (WIM) technology to Brussels Mobility, in collaboration with Jacops NV. This technology will help reduce overloaded vehicles on Brussels’ roads, enhancing road safety and promoting economic growth by improving transport infrastructure. The project positions Quarterhill as a key player in European road safety technology, expanding its footprint in the European market. The implementation of Quarterhill’s WIM system is expected to optimize law enforcement resources and provide vital traffic data, which will assist in developing a fair regulatory environment and improve the efficiency of vehicle inspections.
More about Quarterhill
Quarterhill is a leading provider of tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry. The company aims for technology-driven global leadership in ITS through organic growth and acquisition-oriented investment strategies, focusing on attractive growth opportunities within ITS and its adjacent markets.
YTD Price Performance: 1.32%
Average Trading Volume: 16,406
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $132.8M
For an in-depth examination of QTRH stock, go to TipRanks’ Stock Analysis page.
