• Corporate pronounces the formation of a Technical Advisory Committee with two preliminary contributors, Bobby Parikh and Vineet Khosla
• Vineet Khosla to fix the Technical Advisory Committee rather of the Board of Administrators

TORONTO, Oct. 4, 2024 /PRNewswire/ – Quarterhill Inc. (“Quarterhill” or the “Company”) (TSX: QTRH) (OTCQX: QTRHF), pronounces the formation of a Technical Advisory Committee and the addition of 2 exterior advisors to this committee.

Quarterhill is happy to welcome Bobby Parikh as a Particular Guide to the CEO and as a member of the Technical Advisory Committee. Bobby is an engineering government and product and industry guide with a protracted observe report within the subjects of know-how and transportation. His revel in spans roles at Uber, Google, and deCarta, the place he advanced one of the maximum common mapping platforms and packages in importance nowadays.

“We are thrilled to welcome Bobby to the Quarterhill team,” stated Chuck Myers, CEO at Quarterhill. “His track record highlights his strengths in execution, scalable product development, and team management. Bobby’s insights into business strategy and innovation will be invaluable as we build out our artificial intelligences capabilities and advance our tolling and enforcement solutions.”

As well as, Vineet Khosla, who the Corporate in the past introduced was once becoming a member of its Board of Administrators, will rather fix the Technical Advisory Committee in a non-fiduciary function.

“We are pleased that Vineet will continue to lend his valuable technology expertise in this new role,” added Mr. Myers. “Vineet has built an extensive track record as an innovator and executive in artificial intelligence and machine learning, including transportation-related applications, and we look forward to benefiting from his expertise as he continues to drive advancements in these fields.”

Quarterhill’s Technical Advisory Committee might be made out of mavens devoted to guiding the Corporate’s know-how roadmap, shaping its machine structure and positioning it to capitalize on rising synthetic perception and device studying packages.

About Quarterhill
Quarterhill is a supplier of tolling and enforcement answers within the Clever Transportation Gadget (ITS) business. Our objective is technology-driven world management in ITS, by the use of natural enlargement of our tolling and enforcement companies, and by means of proceeding an acquisition-oriented funding technique that capitalizes on horny enlargement alternatives inside of ITS and its adjoining markets. Quarterhill is indexed at the TSX underneath the emblem QTRH and at the OTCQX Absolute best Marketplace underneath the emblem QTRHF. For more info: www.quarterhill.com.

Ahead-looking Knowledge
This information reduce incorporates forward-looking data and forward-looking statements inside the which means of acceptable Canadian securities rules (jointly, “forward-looking statements”). Such forward-looking statements relate to generation occasions, situations or generation monetary efficiency of ‎Quarterhill according to generation financial situations and classes of motion. All statements alternative ‎than statements of ancient truth could also be forward-looking statements. Such forward-looking statements ‎are continuously, however no longer all the time, recognized by means of the importance of any phrases akin to “seek”, “anticipate”, “budget”, ‎‎”plan”, “goal”, “expect” and related expressions.

Ahead-looking statements contain recognized and unknown dangers, guesses, ‎uncertainties and alternative elements that can reason fresh effects or occasions to vary materially from the ones ‎expected in such forward-looking statements. Subject material possibility elements that might reason fresh effects to vary materially from the forward-looking statements contained on this information reduce come with, amongst others, call for for Quarterhill’s services and products; basic financial and marketplace situations; pageant; dangers in relation to technological advances and cyber-security; and alternative dangers poised forth within the Corporate’s most up-to-date annual data method to be had on SEDAR+ at www.sedarplus.ca. The Corporate believes the expectancies mirrored in ‎the forward-looking statements are affordable, however incorrect oath may also be for the reason that those expectancies ‎will end up to be proper and such forward-looking statements incorporated on this information reduce must no longer be ‎unduly relied upon.‎ Subject material elements and guesses worn to create the forward-looking statements contained on this information reduce come with, amongst others: Quarterhill’s skill to explode on its marketing strategy; call for for Quarterhill’s services and products; working guesses; and monetary projections and price estimates. Quarterhill has incorrect goal, and undertakes incorrect legal responsibility, to replace or revise any forward-looking statements, whether or not because of untouched data, generation occasions or differently, apart from as required by means of legislation.

SOURCE Quarterhill Inc.

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