ITS

Quarterhill Inc. Announces $50 Million Bought Deal Public Offering of Convertible Debentures

Wednesday, October 20, 2021 - 8:40pm

TORONTO, Oct. 20, 2021 (GLOBE NEWSWIRE) -- Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) is pleased to announce that it has entered into a $50 million bought-deal financing (the "Convertible Debenture Financing") of convertible unsecured subordinated debentures (the "Debentures") with a syndicate of underwriters (the "Underwriters") led by Raymond James Ltd. The Debentures will have a coupon of 6.0% per annum, and a conversion price of $3.80 per Quarterhill common share (a "Common Share"), subject to adjustments in certain circumstances. The Company has granted the Underwriters an over-allotment option to purchase up to an additional $7.5 million aggregate principal amount of Debentures on the same terms, exercisable in whole or in part at any time up to the 30th day following the closing of the Convertible Debenture Financing. The Debentures will mature on October 30, 2026 (the “Maturity Date”).

Key Points: 
  • The Debentures will have a coupon of 6.0% per annum, and a conversion price of $3.80 per Quarterhill common share (a "Common Share"), subject to adjustments in certain circumstances.
  • The Debentures will mature on October 30, 2026 (the Maturity Date).
  • Except in certain circumstances involving a Change of Control, the Debentures will not be redeemable at the option of the Company before October 31, 2024.
  • Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF.

AUTOCRYPT Named "Automotive Cybersecurity Company of the Year" for Second Year in a Row in 2021 AutoTech Breakthrough Awards

Wednesday, October 20, 2021 - 5:00pm

SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- Leading EV and autonomous vehicle cybersecurity provider AUTOCRYPT, announced today that for the second year running, it has been named "Automotive Cybersecurity Company of the Year" in the 2021 AutoTech Breakthrough Awards, making it the only company to have won this title to date.

Key Points: 
  • SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- Leading EV and autonomous vehicle cybersecurity provider AUTOCRYPT, announced today that for the second year running, it has been named "Automotive Cybersecurity Company of the Year" in the 2021 AutoTech Breakthrough Awards, making it the only company to have won this title to date.
  • AUTOCRYPT is the only automotive cybersecurity provider in the world that offers a complete security package for the entire mobility ecosystem.
  • "Congratulations to AUTOCRYPT, once again this year, for being our choice for 'Automotive Cybersecurity Company of the Year.'"
  • Throughsecurity solutions for V2X, V2G (includingPnCsecurity), in-vehicle security, andfleet management systems, AUTOCRYPT ensures that security is prioritizedand optimizedbefore vehicles hit the road.

AUTOCRYPT Named "Automotive Cybersecurity Company of the Year" for Second Year in a Row in 2021 AutoTech Breakthrough Awards

Wednesday, October 20, 2021 - 5:00pm

SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- Leading EV and autonomous vehicle cybersecurity provider AUTOCRYPT, announced today that for the second year running, it has been named "Automotive Cybersecurity Company of the Year" in the 2021 AutoTech Breakthrough Awards, making it the only company to have won this title to date.

Key Points: 
  • SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- Leading EV and autonomous vehicle cybersecurity provider AUTOCRYPT, announced today that for the second year running, it has been named "Automotive Cybersecurity Company of the Year" in the 2021 AutoTech Breakthrough Awards, making it the only company to have won this title to date.
  • AUTOCRYPT is the only automotive cybersecurity provider in the world that offers a complete security package for the entire mobility ecosystem.
  • "Congratulations to AUTOCRYPT, once again this year, for being our choice for 'Automotive Cybersecurity Company of the Year.'"
  • Throughsecurity solutions for V2X, V2G (includingPnCsecurity), in-vehicle security, andfleet management systems, AUTOCRYPT ensures that security is prioritizedand optimizedbefore vehicles hit the road.

AUTOCRYPT Named "Automotive Cybersecurity Company of the Year" for Second Year in a Row in 2021 AutoTech Breakthrough Awards

Wednesday, October 20, 2021 - 5:00am

SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- Leading EV and autonomous vehicle cybersecurity provider AUTOCRYPT, announced today that for the second year running, it has been named "Automotive Cybersecurity Company of the Year" in the 2021 AutoTech Breakthrough Awards, making it the only company to have won this title to date.

Key Points: 
  • SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- Leading EV and autonomous vehicle cybersecurity provider AUTOCRYPT, announced today that for the second year running, it has been named "Automotive Cybersecurity Company of the Year" in the 2021 AutoTech Breakthrough Awards, making it the only company to have won this title to date.
  • AUTOCRYPT is the only automotive cybersecurity provider in the world that offers a complete security package for the entire mobility ecosystem.
  • "Congratulations to AUTOCRYPT, once again this year, for being our choice for 'Automotive Cybersecurity Company of the Year.'"
  • Throughsecurity solutions for V2X, V2G (includingPnCsecurity), in-vehicle security, andfleet management systems, AUTOCRYPT ensures that security is prioritizedand optimizedbefore vehicles hit the road.

AUTOCRYPT Named "Automotive Cybersecurity Company of the Year" for Second Year in a Row in 2021 AutoTech Breakthrough Awards

Wednesday, October 20, 2021 - 5:00am

SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- Leading EV and autonomous vehicle cybersecurity provider AUTOCRYPT, announced today that for the second year running, it has been named "Automotive Cybersecurity Company of the Year" in the 2021 AutoTech Breakthrough Awards, making it the only company to have won this title to date.

Key Points: 
  • SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- Leading EV and autonomous vehicle cybersecurity provider AUTOCRYPT, announced today that for the second year running, it has been named "Automotive Cybersecurity Company of the Year" in the 2021 AutoTech Breakthrough Awards, making it the only company to have won this title to date.
  • AUTOCRYPT is the only automotive cybersecurity provider in the world that offers a complete security package for the entire mobility ecosystem.
  • "Congratulations to AUTOCRYPT, once again this year, for being our choice for 'Automotive Cybersecurity Company of the Year.'"
  • Throughsecurity solutions for V2X, V2G (includingPnCsecurity), in-vehicle security, andfleet management systems, AUTOCRYPT ensures that security is prioritizedand optimizedbefore vehicles hit the road.

Iteris Announces Availability of New Cloud-enabled Managed Services for Smart Mobility Infrastructure Management

Tuesday, October 19, 2021 - 1:30pm

(NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced the availability of two new cloud-enabled managed services that augment the traffic management operations of public agencies and commercial enterprises with Iteris technology, expertise and resources.

Key Points: 
  • (NASDAQ: ITI), the global leader in smart mobility infrastructure management, today announced the availability of two new cloud-enabled managed services that augment the traffic management operations of public agencies and commercial enterprises with Iteris technology, expertise and resources.
  • View the full release here: https://www.businesswire.com/news/home/20211019005181/en/
    Iteris Announces Availability of New Cloud-enabled Managed Services for Smart Mobility Infrastructure Management (Graphic: Business Wire)
    Iteris managed service offerings leverage its ClearMobility Platform to proactively manage complex transportation operations, leading to reduced traffic congestion, improved safety, and more sustainable, equitable and resilient transportation infrastructure.
  • Iteris congestion management and asset management services are key components of the ClearMobility Platform, the worlds most complete solution to continuously monitor, visualize and optimize mobility infrastructure.
  • Iteris is the global leader in smart mobility infrastructure management the foundation for a new era of mobility.

Taking a Solar TukTuk to the Mobility Congress

Thursday, October 14, 2021 - 5:46pm

HAMBURG, Germany, Oct. 14, 2021 /PRNewswire/ -- The companies Breeze Technologies and Infinite Mobility were honoured with Hamburg's international startup award. The impact startups from Norway and Germany impressed award jury with their solutions for more sustainable life in the city of the future. The KONVOI and Blue Atlas Robotics teams also received bonus prizes from the award partner homePORT. With the support of the City of Hamburg, these four prize-winners can now present their concepts from 11 to 15 October 2021 at the ITS World Congress in Hamburg. The focus there is on smart mobility and the digitalization of the transport sector. A Startup Area links industry experts, companies and promising founders from the fields of mobility and transport.

Key Points: 
  • The focus there is on smart mobility and the digitalization of the transport sector.
  • As the main focus of this year's Future Hamburg Award was on startups in mobility and logistics it is beneficial that four winning teams can also be present at the ITS World Congress.
  • The Norwegian startup Infinite Mobility present their concept for a solar electric tricycle at congress-exhibition: Solar PV provides 30 to 40 km per extends range.
  • Love Lupi, founder and CEO/COO of Infinite Mobility, explains, "Our technology breaks with the current status quo in mobility, for many investors this is moonshot thinking.

Taking a Solar TukTuk to the Mobility Congress

Thursday, October 14, 2021 - 5:43pm

The focus there is on smart mobility and the digitalization of the transport sector.

Key Points: 
  • The focus there is on smart mobility and the digitalization of the transport sector.
  • As the main focus of this year's Future Hamburg Award was on startups in mobility and logistics it is beneficial that four winning teams can also be present at the ITS World Congress.
  • The Norwegian startup Infinite Mobility present their concept for a solar electric tricycle at congress-exhibition: Solar PV provides 30 to 40 km per extends range.
  • Love Lupi, founder and CEO/COO of Infinite Mobility, explains, "Our technology breaks with the current status quo in mobility, for many investors this is moonshot thinking.

5GAA shares latest C-V2X developments at ITS World Congress (Hamburg): "5G will have the most revolutionary impact by reducing accidents and saving millions of lives"

Thursday, October 14, 2021 - 12:33pm

The 5G Automotive Association (5GAA) and its members showed the latest developments during ITS World Congress in Hamburg.

Key Points: 
  • The 5G Automotive Association (5GAA) and its members showed the latest developments during ITS World Congress in Hamburg.
  • Many automotive services can be supported by the current global cellular standard LTE-4G, seen as an essential foundation for further progress.
  • "When applied to the automotive field, 5G will have the most revolutionary impact by saving millions of lives and reducing accidents on roads," 5GAA CTO Maxime Flament said.
  • 5GAA is committed to helping define and develop the next generation of connected mobility, automated vehicle, and intelligent transport solutions based on C-V2X.

5GAA shares latest C-V2X developments at ITS World Congress (Hamburg): "5G will have the most revolutionary impact by reducing accidents and saving millions of lives"

Thursday, October 14, 2021 - 12:32pm

The 5G Automotive Association (5GAA) and its members showed the latest developments during ITS World Congress in Hamburg.

Key Points: 
  • The 5G Automotive Association (5GAA) and its members showed the latest developments during ITS World Congress in Hamburg.
  • Many automotive services can be supported by the current global cellular standard LTE-4G, seen as an essential foundation for further progress.
  • "When applied to the automotive field, 5G will have the most revolutionary impact by saving millions of lives and reducing accidents on roads," 5GAA CTO Maxime Flament said.
  • 5GAA is committed to helping define and develop the next generation of connected mobility, automated vehicle, and intelligent transport solutions based on C-V2X.