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Quarterhill Appoints Chuck Myers as CEOTORONTO, Sept. 5, 2023 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a leading provider of tolling and enforcement solutions in the Intelligent Transportation System ("ITS") industry, announces that Chuck Myers, a member of its Board of Directors (the "Board"), has been appointed Chief Executive Officer ("CEO") of the Company. A member of the Quarterhill Board since May 2023, Mr. Myers most recently served as CEO and board member of Cogniac Corporation, a San Jose, California-based provider of enterprise-class AI deep learning solutions that automate visual inspection through image and video analysis. Under his leadership, Cogniac was named "2021 Global Entrepreneurial Company of the Year in Computer Vision" by Frost & Sullivan and "A Global Leader" by IDC in 2022. "Chuck's ITS background, public company experience and familiarity with Quarterhill makes him the ideal CEO and leader for the Company," said Rusty Lewis, Chair of the Board at Quarterhill. "Chuck brings more than 25 years of leadership experience as a CEO, board member, and founder for private and public companies, including a co-founding role at Transcore, an ITS leader, and we are very excited for him to take the wheel at Quarterhill to drive growth in the business and in shareholder value." Mr. Lewis continued: "At the same time, I'd like to thank John Gillberry for his many years as a director of the company, as well as his most recent stint as Interim CEO. John retired from Quarterhill's board earlier this year and assumed the Interim CEO role at a time when the Company needed to make difficult decisions to stabilize operations and lay a firm foundation for growth. An experienced special situation executive, John led the charge, resulting in the implementation of the Company's "shared services" platform, an optimized SG&A profile, a return to positive operating margins and the sale of WiLAN. Most importantly, I'm pleased to say that following this very busy period for the Company, Quarterhill is in a strong financial and operational position an poised to capitalize on the growth potential in the ITS industry." Chuck Myers Background Mr. Myers currently serves as an advisor to Platform Science, a revolutionary fleet management platform; Rx.Health, a digital health platform company; and Energy311, a green energy and fintech startup. Mr. Myers holds a Master of Science degree in Management of Technology from MIT and a Bachelor of Science degree in Engineering from National University, and an Organizational Leadership Certificate from Yale School of Management. About Quarterhill Forward-looking Information View original content:https://www.prnewswire.com/news-releases/quarterhill-appoints-chuck-myers-as-ceo-301917278.html SOURCE Quarterhill Inc. |