STOCK TITAN

Minnesota DOT Selects Quarterhill';s iTHEIA™ AI Classification System for Traffic Monitoring

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
AI

Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF) has been awarded a contract to supply 15 portable iTHEIA™ AI Video Automatic Traffic Recorders to the Minnesota Department of Transportation (MnDOT). iTHEIA is a self-contained, non-intrusive traffic classifier that uses advanced AI to accurately count and classify vehicles according to the FHWA 13-Class scheme. The system operates on edge computing, ensuring high accuracy without internet connectivity, and can be set up in under 30 minutes.

Key benefits of iTHEIA include:

  • Improved road safety and traffic management
  • Elimination of in-road sensors, reducing costs and enhancing safety
  • Ability to monitor three lanes of traffic without risking staff safety
  • Compliance with federal reporting requirements

This contract represents a significant milestone for Quarterhill, reinforcing its commitment to revolutionizing traffic data collection using AI technology.

Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF) ha ricevuto un contratto per fornire 15 iTHEIA™ AI Video Automatic Traffic Recorders al Dipartimento dei Trasporti del Minnesota (MnDOT). iTHEIA è un classificatore del traffico autonomo e non intrusivo che utilizza un'intelligenza artificiale avanzata per contare e classificare con precisione i veicoli secondo lo schema FHWA a 13 classi. Il sistema funziona su edge computing, garantendo alta precisione senza connettività internet e può essere installato in meno di 30 minuti.

I principali vantaggi di iTHEIA includono:

  • Miglioramento della sicurezza stradale e gestione del traffico
  • Eliminazione dei sensori stradali, riducendo i costi e aumentando la sicurezza
  • Capacità di monitorare tre corsie di traffico senza compromettere la sicurezza del personale
  • Conformità ai requisiti di reportistica federale

Questo contratto rappresenta una pietra miliare significativa per Quarterhill, rafforzando il suo impegno a rivoluzionare la raccolta dei dati sul traffico utilizzando la tecnologia AI.

Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF) ha recibido un contrato para suministrar 15 iTHEIA™ AI Video Automatic Traffic Recorders al Departamento de Transporte de Minnesota (MnDOT). iTHEIA es un clasificador de tráfico autónomo y no intrusivo que utiliza inteligencia artificial avanzada para contar y clasificar con precisión los vehículos según el esquema de 13 clases de la FHWA. El sistema opera en computación de borde, asegurando alta precisión sin necesidad de conexión a internet, y puede instalarse en menos de 30 minutos.

Los principales beneficios de iTHEIA incluyen:

  • Mejoras en la seguridad vial y en la gestión del tráfico
  • Eliminación de sensores en la carretera, reduciendo costos y aumentando la seguridad
  • Capacidad para monitorear tres carriles de tráfico sin poner en riesgo la seguridad del personal
  • Cumplimiento con los requisitos de reportes federales

Este contrato representa un hito significativo para Quarterhill, reforzando su compromiso de revolucionar la recolección de datos de tráfico utilizando tecnología de IA.

Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF)는 미네소타 교통부(MnDOT)에 15개의 iTHEIA™ AI Video Automatic Traffic Recorders를 공급하는 계약을 체결했습니다. iTHEIA는 고급 AI를 사용하여 차량을 정확하게 카운트하고 FHWA 13-Class 스킴에 따라 분류하는 자가 포함형 비침습적 교통 분류기입니다. 이 시스템은 엣지 컴퓨팅에서 작동하며 인터넷 연결 없이 높은 정확성을 보장하고, 30분 이내에 설치가 가능합니다.

iTHEIA의 주요 이점은 다음과 같습니다:

  • 도로 안전 및 교통 관리 개선
  • 도로 센서를 제거하여 비용 절감 및 안전성 향상
  • 직원의 안전을 위험에 빠뜨리지 않고 3개의 차선을 모니터링하는 능력
  • 연방 보고 요건 준수

이 계약은 Quarterhill에 있어 중요한 이정표가 되며, AI 기술을 활용하여 교통 데이터 수집을 혁신하겠다는 의지를 강화합니다.

Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF) a reçu un contrat pour fournir 15 iTHEIA™ AI Video Automatic Traffic Recorders au département des Transports du Minnesota (MnDOT). iTHEIA est un classificateur de trafic autonome et non intrusif qui utilise une intelligence artificielle avancée pour compter et classer avec précision les véhicules selon le schéma des 13 classes FHWA. Le système fonctionne sur le computing de périphérie, garantissant une grande précision sans connexion Internet et peut être installé en moins de 30 minutes.

Les principaux avantages de l'iTHEIA comprennent :

  • Amélioration de la sécurité routière et de la gestion du trafic
  • Élimination des capteurs routiers, réduisant les coûts et augmentant la sécurité
  • Capacité à surveiller trois voies de circulation sans compromettre la sécurité du personnel
  • Conformité aux exigences de rapport fédérales

Ce contrat représente une étape importante pour Quarterhill, renforçant son engagement à révolutionner la collecte de données de trafic grâce à la technologie AI.

Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF) hat einen Vertrag zur Lieferung von 15 iTHEIA™ AI Video Automatic Traffic Recorders an das Verkehrsministerium von Minnesota (MnDOT) erhalten. iTHEIA ist ein autonomer, nicht invasiver Verkehrsklassifizierer, der fortschrittliche KI verwendet, um Fahrzeuge genau zu zählen und gemäß dem 13-Klassen-Schema der FHWA zu klassifizieren. Das System arbeitet mit Edge Computing, wodurch eine hohe Genauigkeit ohne Internetverbindung gewährleistet ist, und kann in weniger als 30 Minuten eingerichtet werden.

Die wichtigsten Vorteile von iTHEIA umfassen:

  • Verbesserung der Verkehrssicherheit und des Verkehrsmanagements
  • Eliminierung von Straßen Sensors, wodurch Kosten gesenkt und die Sicherheit erhöht werden
  • Die Möglichkeit, drei Fahrstreifen zu überwachen, ohne die Sicherheit des Personals zu gefährden
  • Einhaltung der föderalen Berichtspflichten

Dieser Vertrag stellt einen bedeutenden Meilenstein für Quarterhill dar und verstärkt dessen Engagement, die Datenerhebung im Verkehr mithilfe von KI-Technologie zu revolutionieren.

Positive
  • Contract awarded for supply of 15 iTHEIA™ AI Video Automatic Traffic Recorders to Minnesota DOT
  • iTHEIA system offers improved safety, efficiency, and accuracy in traffic data collection
  • Product eliminates need for in-road sensors, reducing costs and enhancing safety
  • System complies with Federal Highway Administration's 13-Class scheme for vehicle classification
Negative
  • None.
  • Quarterhill will supply 15 portable iTHEIA™ video-based AI traffic count and classification systems for the Minnesota Department of Transportation.
  • iTHEIA is a self-contained, non-intrusive traffic classifier that sets a new standard for safety, efficiency, and accuracy in traffic data collection.

TORONTO, Sept. 4, 2024 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a global leader in providing intelligent transportation system solutions, announced today the award of a contract for the supply of iTHEIA™ AI Video Automatic Traffic Recorders ("ATR") for Minnesota DOT ("MnDOT").

Quarterhill's iTHEIA utilizes advanced AI to accurately count and classify all common vehicle types, including passenger cars, trucks, buses, RVs, and motorcycles. iTHEIA operates on a powerful edge computing platform, ensuring high accuracy and reliability without requiring internet connectivity. This provides a self-contained system that does not need cloud processing to classify but can be connected to a network for easy access to data if desired.

By using iTHEIA, transportation agencies like MnDOT can efficiently improve road safety and enhance traffic management. For these agencies, it is important that traffic data meets federal reporting requirements, and iTHEIA has been trained to classify vehicles according to the Federal Highway Administration's standard ("FHWA") 13-Class scheme.

The Portable iTHEIA system is intended for short-term deployments, providing a simple way to acquire data from multiple locations. iTHEIA eliminates the need for in-road sensors, reducing costs and enhancing safety as users never have to set foot on the road to set up and operate the system.

"iTHEIA is a game-changer for us," stated John Hackett from the Minnesota Department of Transportation. "Deploying this AI classifier device is fast and simple – setup in under 30 minutes – and it watches over three lanes of traffic without risk to our staff's safety on busy roads. The iTHEIA AI Classifier is the only way we can get FHWA 13 Class counts on some of our busy roadways."

"MnDOT's order for multiple portable iTHEIA units represents a significant milestone for Quarterhill," said Chuck Myers, CEO of Quarterhill. "It not only reinforces our commitment to revolutionizing traffic data using AI but also marks an exciting step forward in our partnership with the state. It signals to the industry and to our customers that we are setting the standard for safety, efficiency, and accuracy in traffic data collection."

About Quarterhill

Quarterhill is a leading provider of tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry. Our goal is technology-driven global leadership in ITS, via organic growth of our tolling and enforcement businesses, and by continuing an acquisition-oriented investment strategy that capitalizes on attractive growth opportunities within ITS and its adjacent markets. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: www.quarterhill.com.

Forward-looking Information

This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such forward-looking statements relate to future events, conditions or future financial performance of ‎Quarterhill based on future economic conditions and courses of action. All statements other ‎than statements of historical fact may be forward-looking statements. Such forward-looking statements ‎are often, but not always, identified by the use of any words such as "seek", "anticipate", "budget", ‎‎"plan", "goal", "expect" and similar expressions.

Forward-looking statements involve known and unknown risks, assumptions, ‎uncertainties and other factors that may cause actual results or events to differ materially from those ‎anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for Quarterhill's products and services; general economic and market conditions; competition; risks relating to technological advances and cyber-security; and other risks set forth in the Company's most recent annual information form available on SEDAR+ at www.sedarplus.ca. The Company believes the expectations reflected in ‎the forward-looking statements are reasonable, but no assurance can be given that these expectations ‎will prove to be correct and such forward-looking statements included in this news release should not be ‎unduly relied upon.‎ Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: Quarterhill's ability to execute on its business plan; demand for Quarterhill's products and services; operating assumptions; and financial projections and cost estimates. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Cision View original content:https://www.prnewswire.com/news-releases/minnesota-dot-selects-quarterhills-itheia-ai-classification-system-for-traffic-monitoring-302237621.html

SOURCE Quarterhill Inc.

FAQ

What is the iTHEIA™ system that Quarterhill (QTRHF) is supplying to Minnesota DOT?

iTHEIA™ is an AI-powered Video Automatic Traffic Recorder that accurately counts and classifies vehicles according to the FHWA 13-Class scheme. It's a self-contained, non-intrusive traffic classifier that operates on edge computing, ensuring high accuracy without internet connectivity.

How many iTHEIA™ units did Minnesota DOT order from Quarterhill (QTRHF)?

Minnesota Department of Transportation (MnDOT) ordered 15 portable iTHEIA™ AI Video Automatic Traffic Recorders from Quarterhill.

What are the key benefits of Quarterhill's (QTRHF) iTHEIA™ system for traffic monitoring?

Key benefits of iTHEIA™ include improved road safety and traffic management, elimination of in-road sensors, ability to monitor three lanes of traffic without risking staff safety, compliance with federal reporting requirements, and quick setup time of under 30 minutes.

How does Quarterhill's (QTRHF) iTHEIA™ system improve safety in traffic monitoring?

iTHEIA™ improves safety by eliminating the need for in-road sensors, which means staff never have to set foot on the road to set up and operate the system. It can monitor three lanes of traffic without risking personnel safety on busy roads.

QUARTERHILL INC

OTC:QTRHF

QTRHF Rankings

QTRHF Latest News

QTRHF Stock Data

140.74M
112.89M
1.71%
4.16%
0.06%
Communication Equipment
Technology
Link
United States of America
Toronto