07:18 AM EDT, 07/17/2024 (MT Newswires) -- Quarterhill ( QTRHF ) , a provider of transportation technology solutions, said Wednesday that it secured US$4.9 million in product sales from its regional partners in Thailand and South Korea.

Quarterhill ( QTRHF ) said it signed a US$2.8 million agreement to supply its high-speed Weigh-In-Motion preclearance systems, alongside vital components, for multiple Ministry of Transportation projects across Thailand.

The company's dedicated distributor in South Korea, S.A. Technology, also committed US$2.1 million to procure IRD-PAT Bending Plate WIM scales and SAW portable enforcement scales.

"We are extremely pleased with these new contracts, which not only represent significant sales achievements but also affirm our strong position in Asia," Quarterhill ( QTRHF ) CEO Chuck Myers said. "This collaboration aligns with our mission to deploy innovative transportation solutions that cater to the unique needs of our international clientele."

The company's share price rose 1.8% yesterday to $1.74 on the TSX.