Pasquale T. (Pat) Deon, Sr. joins Quarterhill's Board of Directors
Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF) has appointed Pasquale T. (Pat) Deon, Sr. to its Board of Directors. Deon brings significant experience in tolling and transportation, having served as former Chairman of the Southeastern Pennsylvania Transportation Authority (SEPTA) and current Vice Chairman of the Pennsylvania Turnpike Commission. During his 25-year tenure at SEPTA, Deon led major expansions and secured over $800 million in project financing. He is an accomplished entrepreneur with business interests in real estate, energy, hospitality, and regulated gaming sectors. As Executive Chairman of SportsContentCo, and board member of Independence Health Group, Deon's extensive leadership experience is expected to contribute to Quarterhill's growth in the Intelligent Transportation System industry.
Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF) ha nominato Pasquale T. (Pat) Deon, Sr. nel suo Consiglio di Amministrazione. Deon porta con sé una significativa esperienza nel settore delle strade a pedaggio e del trasporto, avendo ricoperto il ruolo di ex Presidente dell'Autorità di Trasporto della Pennsylvania Sudorientale (SEPTA) e attuale Vice Presidente della Commissione della Pennsylvania Turnpike. Durante i suoi 25 anni di mandato presso SEPTA, Deon ha guidato importanti espansioni e ha assicurato oltre 800 milioni di dollari in finanziamenti per progetti. È un imprenditore di successo con interessi commerciali nei settori immobiliare, energetico, dell'ospitalità e del gioco d'azzardo regolamentato. Come Presidente Esecutivo di SportsContentCo e membro del consiglio di Independence Health Group, la vasta esperienza di leadership di Deon è destinata a contribuire alla crescita di Quarterhill nel settore dei Sistemi di Trasporto Intelligente.
Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF) ha nombrado a Pasquale T. (Pat) Deon, Sr. en su Junta Directiva. Deon aporta una amplia experiencia en peajes y transporte, habiendo sido ex Presidente de la Autoridad de Transporte del Sureste de Pennsylvania (SEPTA) y actual Vicepresidente de la Comisión de la Ruta Estatal de Pennsylvania. Durante su mandato de 25 años en SEPTA, Deon lideró importantes expansiones y aseguró más de 800 millones de dólares en financiamiento de proyectos. Es un empresario exitoso con intereses comerciales en bienes raíces, energía, hospitalidad y sectores de juegos regulados. Como Presidente Ejecutivo de SportsContentCo y miembro de la Junta de Independence Health Group, se espera que la extensa experiencia en liderazgo de Deon contribuya al crecimiento de Quarterhill en la industria de Sistemas de Transporte Inteligente.
Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF)는 Pasquale T. (Pat) Deon, Sr.를 이사회에 임명했습니다. Deon은 벨리트 tolling 및 운송 분야에서 중요한 경험을 가지고 있으며, 동남부 펜실베니아 교통국(SEPTA)의 전 회장이자 현재 펜실베니아 턴파이크 위원회의 부위원장으로 근무했습니다. SEPTA에서 25년 동안 재직하는 동안 Deon은 주요 확장을 이끌었고 8억 달러 이상의 프로젝트 자금을 확보했습니다. 그는 부동산, 에너지, 환대 및 규제된 게임 분야에서 사업을 운영하는 성공적인 기업가입니다. SportsContentCo의 이그제큐티브 회장으로서, 그리고 Independence Health Group의 이사로서 Deon의 폭넓은 리더십 경험이 Quarterhill의 지능형 교통 시스템 산업 성장에 기여할 것으로 기대됩니다.
Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF) a nommé Pasquale T. (Pat) Deon, Sr. au sein de son conseil d'administration. Deon apporte une expérience significative dans le domaine des péages et du transport, ayant été ancien président de l'Autorité de transport du sud-est de la Pennsylvanie (SEPTA) et vice-président actuel de la Commission du Pennsylvania Turnpike. Au cours de ses 25 années chez SEPTA, Deon a dirigé d'importantes expansions et obtenu plus de 800 millions de dollars de financement de projets. C'est un entrepreneur accompli avec des intérêts commerciaux dans l'immobilier, l'énergie, l'hôtellerie et les secteurs du jeu réglementé. En tant que président exécutif de SportsContentCo et membre du conseil d'administration d'Independence Health Group, la vaste expérience en leadership de Deon devrait contribuer à la croissance de Quarterhill dans le secteur des Systèmes de Transport Intelligent.
Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF) hat Pasquale T. (Pat) Deon, Sr. in seinen Vorstand berufen. Deon bringt umfassende Erfahrungen im Bereich Mautgebühren und Verkehr mit, da er früher Vorsitzender der Southeastern Pennsylvania Transportation Authority (SEPTA) und derzeitiger Vizepräsident der Pennsylvania Turnpike Commission war. Während seiner 25-jährigen Amtszeit bei SEPTA leitete Deon bedeutende Erweiterungen und sicherte über 800 Millionen Dollar an Projektfinanzierungen. Er ist ein erfolgreicher Unternehmer mit Geschäftsinvestitionen in Immobilien, Energie, Gastgewerbe und regulierten Glücksspielsektoren. Als Executive Chairman von SportsContentCo und Vorstandsmitglied der Independence Health Group wird erwartet, dass Deons umfangreiche Führungserfahrung zu Quarterhills Wachstum in der intelligenten Verkehrssystemindustrie beitragen wird.
- Appointment of board member with extensive transportation and tolling industry experience
- New director brings proven track record of securing large-scale project financing ($800M+)
- Addition of executive with 25 years of leadership experience in major transit system
- Strategic expertise in ITS industry aligns with company's core business
- None.
- Deon brings extensive tolling, transportation, and business expertise to Quarterhill
Mr. Deon brings a wealth of experience in tolling, ITS, and business leadership to Quarterhill. As the former Chairman of the Southeastern Pennsylvania Transportation Authority ("SEPTA") and current Vice Chairman of the Pennsylvania Turnpike Commission, Mr. Deon has played a pivotal role in advancing large-scale transportation initiatives. He is also an accomplished entrepreneur and community leader with extensive business experience in the real estate, energy, hospitality, and beverage industries.
"We are thrilled to welcome Pat Deon to Quarterhill's Board of Directors," said Rusty Lewis, Chair of the Board at Quarterhill. "Pat's background in transportation, particularly his leadership roles at SEPTA and the Pennsylvania Turnpike Commission, will bring valuable insight to our tolling and enforcement businesses. His entrepreneurial achievements, proven ability to lead large-scale transportation initiatives, and deep relationships within the ITS industry make him an ideal addition to the board as we seek to capitalize on opportunities in our market and deliver on our growth potential."
During his 25-year tenure as Chair of SEPTA, the nation's sixth-largest public transit system, Mr. Deon led significant expansions and technological innovations, contributing to a billion-dollar capital budget, increasing ridership, and maintaining balanced budgets. His leadership also helped secure over
Beyond SEPTA, Mr. Deon has been recognized for his leadership roles on several influential boards, including the Pennsylvania Turnpike Commission, the Delaware River Port Authority, the
Mr. Deon's entrepreneurial achievements are equally noteworthy. As the owner of Progressive Management, his business holdings span diverse industries, including real estate, energy, hospitality, and regulated gaming. He is also the Executive Chairman of SportsContentCo, LLC, a data supplier to the sports betting industry and serves on the board of Independence Health Group,
Mr. Deon's dedication to his community has included support for the Special Olympics,
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.
View original content:https://www.prnewswire.com/news-releases/pasquale-t-pat-deon-sr-joins-quarterhills-board-of-directors-302340450.html
SOURCE Quarterhill Inc.
FAQ
Who is the newest board member appointed to Quarterhill (QTRHF)?
What is Pat Deon's experience in the transportation industry before joining QTRHF?
What other business experience does Quarterhill's new board member Pat Deon bring?
What achievements did Pat Deon accomplish during his tenure at SEPTA?
How does Pat Deon's appointment align with Quarterhill's (QTRHF) business strategy?
