Intelligent transportation system

Quarterhill Announces Closing of Red Fox Acquisition

Retrieved on: 
Monday, April 8, 2024
Intelligent transportation system, Classification, Red, Acquisition, Software, Quantum, Adjustment, TSX, Lidar, Red fox

TORONTO, April 8, 2024 /PRNewswire/ - 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 it has completed the previously announced acquisition of Red Fox I.D.

Key Points: 
  • TORONTO, April 8, 2024 /PRNewswire/ - 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 it has completed the previously announced acquisition of Red Fox I.D.
  • Limited ("Red Fox").
  • Based in Haddenham, England, Red Fox is a profitable and growing provider of Automatic Vehicle Detection and Classification ("AVDC") software to the tolling industry.
  • "The Red Fox transaction met both our strategic and financial criteria for an acquisition, and we are pleased to welcome their team to Quarterhill," said Chuck Myers, CEO of Quarterhill.

Arbe Opens an Office in Shanghai, China, Solidifying the Company’s Presence in the Region

Retrieved on: 
Wednesday, March 20, 2024
Rizhao, ITS, Original equipment manufacturer, Perception, Robotics, DiDi, ITMS, Intelligent transportation system, Radar, Safety, TEL, Port, Engineering, Fine chemical

TEL AVIV, Israel, March 20, 2024 - Arbe Robotics Ltd. (NASDAQ: ARBE), a global leader in Perception Radar solutions, today announces that it opened an office in Shanghai, China, solidifying the company’s presence in the region.

Key Points: 
  • TEL AVIV, Israel, March 20, 2024 - Arbe Robotics Ltd. (NASDAQ: ARBE), a global leader in Perception Radar solutions, today announces that it opened an office in Shanghai, China, solidifying the company’s presence in the region.
  • The strategic move will position Arbe closer to the local OEMs and to the Chinese market, helping the company provide better customer service and position Arbe to gain market share.
  • Arbe and Weifu High-Technology Group signed a strategic cooperation agreement with KargoBot, DiDi's autonomous freight company, to provide 4D Imaging Radars based on the Arbe proprietary chipset.
  • The first deployment started at the RiZhao port and will be expanded to additional ports across China.

Applied Information to Provide Video Highlight Coverage of ITS America Conference & Expo 2024

Retrieved on: 
Tuesday, March 19, 2024
Public Transport, Other Transport, Technology, Vehicle Technology, Automotive, Satellite, Transport, Software, Data Management, Logistics, Supply Chain Management, Intelligent transportation system, Conference, Phoenix Convention Center, ITS, Video, Information, Policy, Congress, Digital transformation, Safety, Video game

Applied Information, Inc ., leading provider of Intelligent Transportation System (ITS) technology, announced today it is partnering with organizers of the ITS America Conference & Expo 2024 to provide video highlight coverage of the event to be held April 22-25, 2024 at the Phoenix Convention Center, Arizona.

Key Points: 
  • Applied Information, Inc ., leading provider of Intelligent Transportation System (ITS) technology, announced today it is partnering with organizers of the ITS America Conference & Expo 2024 to provide video highlight coverage of the event to be held April 22-25, 2024 at the Phoenix Convention Center, Arizona.
  • Video highlights to include interviews with thought leaders, coverage of cutting-edge technology demos, and highlights of real-world ITS applications designed to improve mobility, safety, and efficiency on our roadways.
  • ITS America Conference & Expo 2024 , a premier event in intelligent transportation, will focus on “Accelerating Digital Transformation,” bringing together world leaders, policy makers, researchers, and private industry.
  • Registration for ITS America Conference & Expo 2024 is now open.

Thales Partners with Neural Labs to Support AI-Powered Smart Cities

Retrieved on: 
Wednesday, March 13, 2024
Technology, Audio, Video, Public Safety, Automotive, Public Policy, Government, Vehicle Technology, Construction & Property, Artificial Intelligence, Transport, Software, Public Transport, Urban Planning, Security, Logistics, Supply Chain Management, Sentinel, Cloud, ITS, Software as a service, Partnership, Intelligent transportation system, City, Multimedia, Software monetization, Smart city, Video game

As a result, Neural Labs was able to reduce costs and focus more on its customers, as well as the value of its software against competitors.

Key Points: 
  • As a result, Neural Labs was able to reduce costs and focus more on its customers, as well as the value of its software against competitors.
  • The relationship between Thales and Neural Labs initially started over two decades ago when Neural Labs selected Sentinel for software protection.
  • Over the last three years, Neural Labs increased its revenue by nearly 25%, with Thales Sentinel playing its part by helping to reduce revenue leakage from unauthorized software use.
  • We’re incredibly proud that Neural Lab’s confidence in our platform and services has allowed them to grow exponentially.

Quarterhill Announces Q4 and Fiscal 2023 Financial Results

Retrieved on: 
Friday, March 15, 2024
Intelligent transportation system, Conversation, Financial statement, ITS, Telephone, AVDC, Growth, Classification, CFO, International, Telephone number (mathematics), Red, Research, Acquisition, Sale, Management, Software, Nature, Tax, Quantum, Eye, TSX, Bank statement, Investment, Ix, Depreciation, Interim management, Interim, Lidar, USD, Red fox, WiLAN

Please note that beginning with the reporting of its financial results for the three months ended March 31, 2024, Quarterhill will report its results in U.S. currency going forward.

Key Points: 
  • Please note that beginning with the reporting of its financial results for the three months ended March 31, 2024, Quarterhill will report its results in U.S. currency going forward.
  • As a percentage of revenue, SG&A in Q4 2023 was 16% compared to 30% in Q4 2022.
  • Quarterhill will host a conference call to discuss its financial results on Friday, March 15, 2024, at 10:00 AM Eastern Time.
  • These non-IFRS financial measures and non-IFRS ratios are not standardized financial measures under IFRS, and, therefore, are unlikely to be comparable to similar financial measures presented by other companies.

Quarterhill to Participate in the 36th Annual ROTH Conference Held March 17-19, 2024

Retrieved on: 
Tuesday, March 12, 2024
Intelligent transportation system, Interim, Conference, TSX

TORONTO, March 12, 2024 /PRNewswire/ - Quarterhill Inc. ("Quarterhill") (TSX: QTRH) (OTCQX: QTRHF) a leading provider of tolling and enforcement solutions in the Intelligent Transportation System ("ITS") industry, announces that Chuck Myers, Chief Executive Officer, and Kyle Chriest, Interim Chief Financial Officer, will participate in one-on-one meetings with investors at the 36th Annual ROTH Conference held March 17–19, 2024, at the Ritz Carlton Laguna Niguel in Dana Point, California.

Key Points: 
  • TORONTO, March 12, 2024 /PRNewswire/ - Quarterhill Inc. ("Quarterhill") (TSX: QTRH) (OTCQX: QTRHF) a leading provider of tolling and enforcement solutions in the Intelligent Transportation System ("ITS") industry, announces that Chuck Myers, Chief Executive Officer, and Kyle Chriest, Interim Chief Financial Officer, will participate in one-on-one meetings with investors at the 36th Annual ROTH Conference held March 17–19, 2024, at the Ritz Carlton Laguna Niguel in Dana Point, California.
  • Interested institutional investors are welcome to reach out to their ROTH representative to organize a meeting.
  • For conference details, please visit: https://www.roth.com/conferences

LYT Proudly Announces Significant Milestones Achieved In Helping To Reduce Traffic Congestion In North American Cities During 2023

Retrieved on: 
Thursday, February 22, 2024
Cloud, TSP, ITS, Algorithm, Thoroughfare, Quality of life, Transport, Pulse, Nextgen, Congestion, TAP, City, Machine learning, Snow, Artificial intelligence, Intelligent transportation system

It harnesses the power of a single-edge device installed in Traffic Management Centers that enables these vehicles to securely speak directly to networked traffic signals in cities through the LYT cloud platform.

Key Points: 
  • It harnesses the power of a single-edge device installed in Traffic Management Centers that enables these vehicles to securely speak directly to networked traffic signals in cities through the LYT cloud platform.
  • The new dashboard provides transit organizations in cities across the U.S. an innovative fusion of data from transit vehicles and traffic lights to showcase how TSP is improving traffic congestion and transit operations.
  • AI promises to streamline traffic flow and reduce congestion for many of today’s busiest roadways and thoroughfares.
  • By integrating everyone’s real-time routing information, cloud-based traffic management systems can now optimize traffic light timing to the true needs of traffic.

Quarterhill Awarded $5.3 Million Tennessee Statewide Weigh-In-Motion Contract

Retrieved on: 
Thursday, March 7, 2024
TDOT, TSX, Interstate Highway System, Tennessee Highway Patrol, WIM, Safety, IRD, State, Intelligent transportation system

SASKATOON, SK, March 7, 2024 /PRNewswire/ - 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, International Road Dynamics Inc. ("IRD"), has been awarded a $5.3 million contract by the Tennessee Department of Transportation ("TDOT") to install Weigh-In-Motion ("WIM") systems at 28 sites on interstate and state routes across Tennessee.

Key Points: 
  • SASKATOON, SK, March 7, 2024 /PRNewswire/ - 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, International Road Dynamics Inc. ("IRD"), has been awarded a $5.3 million contract by the Tennessee Department of Transportation ("TDOT") to install Weigh-In-Motion ("WIM") systems at 28 sites on interstate and state routes across Tennessee.
  • TDOT is promoting the advancement of WIM in the state through the development of a statewide WIM program.
  • "We are pleased to collaborate with TDOT on this project to elevate highway safety and efficiency in Tennessee," said Chuck Myers, CEO of Quarterhill.
  • This project is our first major initiative in Tennessee, and we look forward to exploring opportunities to expand our footprint further in the State."

Alat announces four partnerships with leading global companies to rapidly progress technology manufacturing in Saudi Arabia

Retrieved on: 
Tuesday, February 20, 2024
Engineering, HVAC, ITS, Air handler, Multimedia, Electronics, City, Carbon, Building, Wind, Safety, Private sector, SoftBank Group, Air conditioning, Ventilation, Variable refrigerant flow, Semiconductor, Carrier Global, Dahua Technology, Artificial intelligence, Intelligent transportation system, Partnership

RIYADH, Saudi Arabia, Feb. 20, 2024 /PRNewswire/ -- Alat, an innovative company focused on transforming global industries (electronics and industrials) and creating a world-class manufacturing hub in the Kingdom of Saudi Arabia, today announced four global partnerships with leading technology companies, Softbank Group, Carrier Corporation, Dahua Technology and Tahakom.

Key Points: 
  • RIYADH, Saudi Arabia, Feb. 20, 2024 /PRNewswire/ -- Alat, an innovative company focused on transforming global industries (electronics and industrials) and creating a world-class manufacturing hub in the Kingdom of Saudi Arabia, today announced four global partnerships with leading technology companies, Softbank Group, Carrier Corporation, Dahua Technology and Tahakom.
  • Alat, a PIF company, will deliver sustainable manufacturing to help these global companies reduce their emissions and move towards carbon zero manufacturing.
  • Alat and Dahua Technology will invest US$200M to establish a secure and compliant global business for vision-centric products, called Alat AIVisio Technology Co. Ltd., and a state-of-the-art manufacturing facility in Saudi Arabia.
  • Alat has appointed some of the world´s most experienced global industry experts to lead each of the Alat business units.

Alat announces four partnerships with leading global companies to rapidly progress technology manufacturing in Saudi Arabia

Retrieved on: 
Tuesday, February 20, 2024
Engineering, HVAC, ITS, Air handler, Electronics, City, Carbon, Building, Wind, Safety, Private sector, SoftBank Group, Air conditioning, Ventilation, Variable refrigerant flow, Semiconductor, Carrier Global, Dahua Technology, Artificial intelligence, Intelligent transportation system, Partnership

RIYADH, Saudi Arabia, Feb. 20, 2024 /PRNewswire/ -- Alat, an innovative company focused on transforming global industries (electronics and industrials) and creating a world-class manufacturing hub in the Kingdom of Saudi Arabia, today announced four global partnerships with leading technology companies, Softbank Group, Carrier Corporation, Dahua Technology and Tahakom.

Key Points: 
  • RIYADH, Saudi Arabia, Feb. 20, 2024 /PRNewswire/ -- Alat, an innovative company focused on transforming global industries (electronics and industrials) and creating a world-class manufacturing hub in the Kingdom of Saudi Arabia, today announced four global partnerships with leading technology companies, Softbank Group, Carrier Corporation, Dahua Technology and Tahakom.
  • Alat, a PIF company, will deliver sustainable manufacturing to help these global companies reduce their emissions and move towards carbon zero manufacturing.
  • The company will also empower the private sector and enhance the commercial environment through its business systems and partnerships with leading international technology manufacturers.
  • Alat has appointed some of the world´s most experienced global industry experts to lead each of the Alat business units.