QTRHF - IRD Awarded $13.7 Million Hawaii Traffic Data Collection Contract | Benzinga
- IRD will operate, maintain, and add to the state's 91 Continuous Traffic Monitoring sites
- IRD's iTHEIA™ AI Classification system will be implemented at a number of sites
SASKATOON, SK, Sept. 13, 2023 /PRNewswire/ - International Road Dynamics Inc. ("IRD"), a wholly-owned subsidiary of Quarterhill Inc. ("Quarterhill" or the "Company") (TSX:QTRH) (OTCQX:QTRHF), announced today that it has been awarded a contract by the State of Hawaii Department of Transportation ("HDOT") for Continuous Traffic Monitoring ("CTM") Data Collection Goods and Services Statewide. CTM systems collect traffic volume, speed, vehicle classification, and weight data to support HDOT's continuous traffic monitoring program. The total five-year contract value is $13.7 million. All Financial information in this press release is reported in Canadian dollars unless otherwise indicated.
This agreement involves the operation, data collection, data reporting, maintenance, and repair of all existing HDOT CTM sites, along with additional equipment installation. There are currently 91 CTM sites in operation, with additional site locations to be added during the term of the project.
The CTM site data, including real-time data, will be accessible to both HDOT and the public through a web portal. Traffic data from the systems will help to further the HDOT's mission to provide a safe, efficient, accessible, and sustainable inter-modal transportation system that ensures the mobility of people and goods, thus fostering economic development and quality of life.
HDOT intends to convert one existing CTM site per year into a video-based vehicle classification site during the term of the contract. IRD will supply the iTHEIA AI Classification System, which utilizes a powerful edge computing platform to process video data entirely at the roadside. This represents the first use of iTHEIA in a statewide CTM and further establishes IRD as a leader in Artificial ...