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Quarterhill Awarded $5.25 Million Contract With Oklahoma Transportation Department

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Quarterhill (QTRH.TO) on Thursday said it won a $5.25 million contract with the Oklahoma Department of Transportation (ODOT) to modernize commercial vehicle screening technologies in the state.

The company will deploy advanced commercial vehicle screening technologies at an existing weigh station along Interstate 35, to better manage commercial vehicle traffic along one of the state's busiest freight corridors, a statement said.

"This contract advances the work we're already doing with ODOT to improve safety and keep Oklahoma's freight moving efficiently. We're confident this project will not only enhance ODOT's operational performance in the near-term but prepare its critical transportation infrastructure for growing commercial vehicle demand," chief executive Chuck Myers said in a release.

Quarterhill shares closed up C$0.12, or 5%, to C$2.52 on the Toronto Stock Exchange on Wednesday.

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