TORONTO, May 4, 2022
/PRNewswire/ - With great sadness, the Executive team and Board of
Quarterhill Inc. ("Quarterhill") (TSX: QTRH) (OTCQX: QTRHF)
announce the sudden and untimely passing of our friend Michael Vladescu, Chief Executive Officer of
Wi-LAN Inc. ("WiLAN"). Michael joined WiLAN, a wholly owned
subsidiary of Quarterhill, in 2012 as Chief Operating Officer and
has been WiLAN's Chief Executive Officer since 2019.
"On behalf of Quarterhill and WiLAN and our Board and all our
employees, I want to express our deepest condolences to Michael's
family and community at this very difficult time," said
Bret Kidd, Chief Executive Officer
of Quarterhill. "For ten years Michael was an outstanding leader
and contributor to the success at WiLAN, earning the utmost respect
of the WiLAN team and Quarterhill's Board. His tenacity and
intellect, and most of all his kindness and guidance will be missed
throughout the halls of WiLAN."
"Michael and I have been friends and colleagues for 25 years and
we at Quarterhill are in shock over this sudden loss," said
Jim Skippen, Vice-Chair of
Quarterhill. "Michael was a talented, dedicated, hard-working and
warm person who was well-loved by his colleagues and all those he
came into contact with during his career. He was a well-respected
and recognized leader in the field of technology licensing and was
frequently invited to speak at conferences and events on patents
and technology licensing. Despite his dedication to his profession
and his friends at work, nothing was more important to him than his
wonderful family, and our thoughts are with his wife Caroline and
their children."
The Board and Management of Quarterhill will have further
announcements in the near future about the future leadership of
WiLAN.
About Quarterhill
Quarterhill is a leading provider of
tolling and enforcement solutions in the Intelligent Transportation
System (ITS) industry, as well as, through its Wi-LAN Inc.
subsidiary, a leader in Intellectual Property licensing. Our goal
is global leadership in ITS, via organic growth of the Electronic
Transaction Consultants, LLC (ETC) and International Road Dynamics,
Inc. (IRD) platforms, 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, visit
www.quarterhill.com
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SOURCE Quarterhill Inc.