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Quarterhill Announces $5.2 Million Contract with Existing Tolling Customer

Quarterhill Announces $5.2 Million Contract with Existing Tolling Customer
November 19, 2025
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Company to Deploy its Next Generation Lane-Based Tolling System on a Major Express Lane Corridor

Machine Learning, Cloud, and Dynamic Pricing Capabilities Deliver Superior Travel and Future-Ready Scalability

TORONTO, Nov. 19, 2025 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a leading global provider of intelligent transportation system ("ITS") solutions, today announced a $5.2 million contract to deploy its Next Generation Toll Lane System on a major U.S. express lane corridor. The contract, with an existing tolling customer, underscores Quarterhill's capabilities to modernize roadway technology, implement dynamic pricing, and seamlessly automate tolling operations for major transportation agencies.

The new system introduces real-time traffic condition monitoring, advanced video technology, machine learning-driven tolling automation, and dynamic pricing capabilities designed to improve traffic flow, optimize lane use, and enhance driver experience. Building upon the foundation of an existing system by Quarterhill, this upgrade involves seven toll zones, delivering greater flexibility and accuracy in toll collection while leveraging an already-operational cloud-based toll host for future scalability.

"This project represents the future of intelligent mobility," said Quarterhill CEO Chuck Myers. "By combining machine learning-powered vehicle detection, real-time data, and cloud technology, we're helping agencies deliver safer, faster, and more reliable travel for every driver while creating a smarter, more adaptable tolling system for the state."

Key enhancements of the Next Generation Toll Lane System include:

  • Machine Learning & Automation – Machine learning and advanced sensors for highly accurate automated vehicle detection, classification and trip building.
  • Cloud Migration – Modern, secure back-office infrastructure enabling scalable operations and simplified maintenance.
  • Dynamic Pricing – Express lane tolls that automatically adjust based on live traffic conditions to maintain free-flow speeds.
  • Upgraded Readers & Cameras – High-definition imaging and sensor technology for precise, real-time monitoring.

This initiative reinforces Quarterhill's commitment to helping agencies modernize tolling infrastructure, reduce congestion, and improve roadway safety. The initiative strengthens the Company's longstanding partnerships and demonstrates how its technology can enhance mobility across diverse transportation networks to benefit travelers.

For more information, please visit Quarterhill.com.

About Quarterhill
Quarterhill is a global leader in the Intelligent Transportation System (ITS) industry, advancing mobility through smart infrastructure solutions that reduce congestion, improve roadway safety, and create more sustainable travel. Each year, Quarterhill's platforms process billions of transactions, perform compliance and safety inspections on millions of commercial vehicles, and enable transportation agencies worldwide to optimize thousands of lanes of traffic to improve travel for everyone. Leveraging advanced artificial intelligence and machine learning technologies, Quarterhill's platform delivers automation and predictive insight to help agencies manage transportation networks more efficiently. By working in close partnership with governments, communities, and industry leaders, Quarterhill is building today's connected roadways while shaping the next generation of intelligent, resilient mobility. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information, please visit: www.quarterhill.com

Forward-looking Information
This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such forward-looking statements relate to future events, conditions or future financial performance of ‎Quarterhill based on future economic conditions and courses of action. All statements other ‎than statements of historical fact may be forward-looking statements. Such forward-looking statements ‎are often, but not always, identified by the use of any words such as "seek", "anticipate", "budget", ‎‎"plan", "goal", "expect" and similar expressions.

Forward-looking statements involve known and unknown risks, assumptions, ‎uncertainties and other factors that may cause actual results or events to differ materially from those ‎anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for Quarterhill's products and services; general economic and market conditions; competition; risks relating to technological advances and cyber-security; and other risks set forth in the Company's most recent annual information form available on SEDAR+ at www.sedarplus.ca. The Company believes the expectations reflected in ‎the forward-looking statements are reasonable, but no assurance can be given that these expectations ‎will prove to be correct and such forward-looking statements included in this news release should not be ‎unduly relied upon.‎ Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: Quarterhill's ability to execute on its business plan; demand for Quarterhill's products and services; operating assumptions; and financial projections and cost estimates. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View original content:https://www.prnewswire.com/news-releases/quarterhill-announces-5-2-million-contract-with-existing-tolling-customer-302619337.html

SOURCE Quarterhill Inc.

Quarterhill Announces Participation in Upcoming Investor Conferences

Quarterhill Announces Participation in Upcoming Investor Conferences
November 17, 2025
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TORONTO, Nov. 17, 2025 /PRNewswire/ - Quarterhill Inc. ("Quarterhill") (TSX: QTRH) (OTCQX: QTRHF), a leading global provider of intelligent transportation system ("ITS") solutions, announces that Chuck Myers, CEO, and David Charron, CFO, will participate in two upcoming investor conferences.

  • 14th Annual ROTH Technology Conference, Hard Rock Hotel, New York, New York – November 19, 2025.
  • 17th Annual TD Cowen Technology Conference, TD Tower, Toronto, Ontario – November 24-25, 2025.

Please contact your ROTH or TD Cowen sales representative to book a meeting with Mr. Myers and Mr. Charron.

About Quarterhill
Quarterhill is a global leader in the Intelligent Transportation System (ITS) industry, advancing mobility through smart infrastructure solutions that reduce congestion, improve roadway safety, and create more sustainable travel. Each year, Quarterhill's platforms process billions of transactions, perform compliance and safety inspections on millions of commercial vehicles, and enable transportation agencies worldwide to optimize thousands of lanes of traffic to improve travel for everyone. Leveraging advanced artificial intelligence and machine learning technologies, Quarterhill's platform delivers automation and predictive insight to help agencies manage transportation networks more efficiently. By working in close partnership with governments, communities, and industry leaders, Quarterhill is building today's connected roadways while shaping the next generation of intelligent, resilient mobility. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information, please visit: www.quarterhill.com

View original content:https://www.prnewswire.com/news-releases/quarterhill-announces-participation-in-upcoming-investor-conferences-302616620.html

SOURCE Quarterhill Inc.

Quarterhill Announces Q3 2025 Financial Results

Quarterhill Announces Q3 2025 Financial Results
November 6, 2025
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Gross Margin Expansion and Positive Adjusted EBITDA Highlight Q3 Progress

Quarterhill Demonstrates Strong Improvement in Profitability and Operational Execution

TORONTO, Nov. 6, 2025 /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 its financial results for the three and nine months ended September 30, 2025. All financial information in this press release is reported in United States ("US") dollars, unless otherwise indicated.

Quarterhill delivered another quarter of significant progress in its turnaround strategy, achieving substantial gross margin expansion, positive Adjusted EBITDA and positive operating cash flow. The Company also continued to strengthen its balance sheet while advancing its multi-year plan to drive sustained profitability and margin growth across its business units.

Q3 2025 Highlights

  • Revenue for Q3 2025 was $39.7 million, up from $38.0 million in Q3 2024.
  • Gross margin1 percentage for Q3 2025 improved to 26%, compared to 13% in Q3 2024.
  • Cash generated from operations for Q3 2025 was $6.4 million, up significantly compared to cash used in operations of $1.7 million in Q3 2024.
  • Cash and cash equivalents were $24.1 million at September 30, 2025.
  • Adjusted EBITDA2 for Q3 2025 was $1.4 million, an improvement compared to ($2.8) million in Q3 2024, marking the Company's first positive Adjusted EBITDA quarter since Q4 2024.
  • Revenue backlog3 was $427 million at September 30, 2025.
  • Restructuring announced in July expected to yield annualized savings of approximately $12 million.

"Q3 marks an important inflection point for Quarterhill," said Chuck Myers, CEO at Quarterhill. "We're beginning to see the results of our turnaround take hold, reflected in significant margin expansion, positive Adjusted EBITDA and strong cash generation. Gross margin improved to 26%, our highest level in more than two years, as we delivered better project execution, disciplined cost management and a more profitable revenue mix."

"Our Safety & Enforcement unit continues to perform exceptionally well, delivering gross margins above 40%, while our Tolling business is benefiting from restructuring actions and improved contract terms. With a robust $427 million revenue backlog3, a roughly $2 billion pipeline, and a strengthened balance sheet, we're now focused on accelerating growth and expanding profitability as we position Quarterhill as a leading, technology-driven ITS platform company."

Q3 2025 and Year-to-Date Financial Review
Quarterhill's Management's Discussion and Analysis and Financial Statements for the three and nine months ended September 30, 2025 are available at the Company's website and at its profile at SEDAR+.

Revenues for the three and nine months ended September 30, 2025, were $39.7 million and $116.7 million compared to $38.0 million and $114.4 million in the same periods last year. The increase in revenue for Q3 was due to growth in both the Company's tolling and safety and enforcement business units, while the increase for the year-to-date period was due to growth in the safety and enforcement unit.

Gross profit1 as a value and as a percentage of revenues may be subject to significant variance in each reporting period due to the nature and type of contract and service work performed and currency volatility. Gross profit for the three and nine months ended September 30, 2025, was $10.5 million and $20.7 million, or 26% and 18%, as compared to $5.1 million and $20.0 million, or 13% and 17%, in the same periods last year. The increase for Q3 and the year-to-date period was primarily due to the restructuring, improved margins on certain tolling contracts and continued strong margin performance from the safety and enforcement unit.

Total operating expenses are comprised of selling, general and administrative costs ("SG&A"), research and development ("R&D") costs, depreciation, amortization of intangible assets and other charges. Total operating expenses for the three and nine months ended September 30, 2025, were $13.7 million and $37.8 million compared to $11.3 million and $32.5 million in the same periods last year. The increase for Q3 is primarily due to higher costs related to stock-based compensation, recruitment, technical consulting, facilities, R&D and other charges. The increase for the year-to-date period is due to similar factors, offset, in part, by a decrease in depreciation and amortization expenses and certain other charges.

Adjusted EBITDA2 for the three and nine months ended September 30, 2025, was $1.4 million and ($4.7) million compared to ($2.8) million and ($0.9) million in the same periods last year. The increase in Adjusted EBITDA1 for Q3 was primarily due to the factors impacting revenue, gross margin and expenses, as previously described.  

Net loss for the three and nine months ended September 30, 2025, was ($4.7) million and ($19.9) million, or ($0.04) and ($0.17) per diluted share, compared to net losses of ($4.1) million and ($11.3) million, or ($0.04) and ($0.10) per diluted share, in the same periods last year.

Cash generated from (used in) operations for the three and nine months ended September 30, 2025, was $6.4 million and ($1.7) million compared to cash used in operations of ($1.7) million and ($11.0) million in the same periods last year. Cash and cash equivalents were $24.1 million at September 30, 2025, compared to $22.7 million at June 30, 2025, and $31.9 million at December 31, 2024. The Company made long-term debt repayments of $3.1 million in Q3.

Conference Call and Webcast

Quarterhill will host a conference call to discuss its financial results on Thursday, November 6, 2025, at 8:30 AM Eastern Time.

Webcast Information

Traditional Dial-in Information

  • To access the call from the U.S. and Canada, dial 1.888.699.1199 (Toll Free)
  • To access the call from other locations, dial 1.416.945.7677 (International)

Rapidconnect
To instantly join the conference call by phone, please use the following URL to easily register and be connected into the conference call automatically: https://emportal.ink/3L4bqmo        

Telephone Replay
Telephone replay will be available from November 6, 2025, until November 13, 2025, at: 1.888.660.6345 (Toll Free North America) or 1.289.819.1450.

Conference ID: 15004 and Replay Passcode: 15004 #

Non-IFRS Financial Measures and Non-IFRS Ratios
Quarterhill uses both IFRS and certain non-IFRS financial measures to assess performance. Non-IFRS financial measures are financial measures disclosed by a company that (a) depict historical or expected future financial performance, financial position or cash flow of a company, (b) with respect to their composition, exclude amounts that are included in, or include amounts that are excluded from, the composition of the most directly comparable financial measure disclosed in the primary financial statements of the company, (c) are not disclosed in the financial statements of the company, and (d) are not a ratio, fraction, percentage or similar representation. Non-IFRS ratios are financial measures disclosed by a company that are in the form of a ratio, fraction, percentage or similar representation that has a non-IFRS financial measure as one or more of its components, and that are not disclosed in the financial statements of the company.

These non-IFRS financial measures and non-IFRS ratios are not standardized financial measures under IFRS, and, therefore, are unlikely to be comparable to similar financial measures presented by other companies. Management believes these non-IFRS financial measures and non-IFRS ratios provide transparent and useful supplemental information to help investors evaluate our financial performance, financial condition, and liquidity using the same measures as management. These non-IFRS financial measures and non-IFRS ratios should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with IFRS.

Adjusted EBITDA - Non-IFRS Financial Measures

We use the non-IFRS financial measure "Adjusted EBITDA" to mean net loss adjusted for (i) income taxes, (ii) finance expense or income; (iii) amortization and impairment of intangibles; (iv) other charges and other one-time items; (v) depreciation of right-of-use assets and property, plant and equipment; (vi) stock-based compensation; (vii) foreign exchange (gain) loss ; (viii) other (income) expense; and (ix) changes in fair value of derivative liability. Adjusted EBITDA is used by our management to assess our normalized cash generated on a consolidated basis. Adjusted EBITDA is also a performance measure that may be used by investors to analyze the cash generated by Quarterhill. Adjusted EBITDA should not be interpreted as an alternative to net income (loss) and cash flows from operations as determined in accordance with IFRS or as measure of liquidity. The most directly comparable IFRS financial measure is net income (loss). See Reconciliation of Net Loss to Adjusted EBITDA below.

Adjusted EBITDA per share – Non-IFRS Ratio

Adjusted EBITDA per share is calculated as Adjusted EBITDA divided by the basic weighted average of common shares. Adjusted EBITDA per share is used by our management and investors to analyze cash generated by Quarterhill on a per share basis. The most comparable IFRS measure is earnings per share. See Reconciliation of Net Loss to Adjusted EBITDA below.

Backlog - Non-IFRS Financial Measure

We use the non-IFRS measure "backlog" to mean the total value of work that has not yet been completed but that in management's experience of similar situations has: (a) a high certainty of being performed pursuant to existing contracts or work orders specifying job scope, value and timing; (b) an expectation of expansion of existing contracts due to expected extensions; and/or (c) been awarded to one or more of our ITS operating subsidiaries as evidenced by a binding contract or where the finalization of a binding contract is reasonably assured. Activities under such contracts may cover a period of up to 15 years. We do not include in "backlog" the value of any expected but unsigned change orders that management considers may apply to such contracts.

Supplementary Financial Measures
Supplementary financial measures are financial measures disclosed by a company that (a) are, or are intended to be, disclosed on a periodic basis to depict the historical or expected future financial performance, financial position or cash flow of a company, (b) are not disclosed in the financial statements of the company, (c) are not non-IFRS financial measures, and (d) are not non-IFRS ratios. Key supplementary measures disclosed are as follows:

Gross margin %
Calculated as gross profit as a percentage of revenue.

About Quarterhill
Quarterhill is a global leader in the Intelligent Transportation System (ITS) industry, advancing mobility through smart infrastructure solutions that reduce congestion, improve roadway safety, and create more sustainable travel. Each year, Quarterhill's platforms process billions of transactions, perform compliance and safety inspections on millions of commercial vehicles, and enable transportation agencies worldwide to optimize thousands of lanes of traffic to improve travel for everyone. Leveraging advanced artificial intelligence and machine learning technologies, Quarterhill's platform delivers automation and predictive insight to help agencies manage transportation networks more efficiently. By working in close partnership with governments, communities, and industry leaders, Quarterhill is building today's connected roadways while shaping the next generation of intelligent, resilient mobility. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: www.quarterhill.com.

Forward-looking Information
This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements") regarding Quarterhill, its operating subsidiaries and their respective businesses. Such forward-looking statements relate to future events, conditions or future financial performance of ‎Quarterhill based on future economic conditions and courses of action. All statements other ‎than statements of historical fact may be forward-looking statements. Such forward-looking statements ‎are often, but not always, identified by the use of any words such as "seek", "anticipate", "budget", ‎‎"plan", "goal", and similar expressions. These statements involve known and unknown risks, assumptions, ‎uncertainties and other factors that may cause actual results or events to differ materially from those ‎anticipated in such forward-looking statements. The Company believes the expectations reflected in ‎those forward-looking statements are reasonable, but no assurance can be given that these expectations ‎will prove to be correct and such forward-looking statements included in this news release should not be ‎unduly relied upon.‎ In particular, this news release contains forward-looking statements pertaining to, but not limited to, the ‎following: operational and financial expectations for the 2025 financial year, including revenue, gross margin and Adjusted EBITDA expectations; the Company's business plan and strategy, and outcomes thereof; the outcome of renegotiation efforts and mediation relating to our tolling contracts; the impact of contract renegotiation on our financial performance; the results of operational enhancements and technology investment by the Company; the anticipated cost savings from the restructuring; the Company's ability and path to achieve revenue growth, margin expansion and positive cash flow; and the impact of the Company's workforce reduction on the Company's operations, financial position and results.

‎Although the forward-looking statements contained in this news release are based upon assumptions ‎which management of the Company believes to be reasonable, the Company cannot assure investors ‎that actual results will be consistent with these forward-looking statements. With respect to forward-‎looking statements contained in this news release, the Company has made assumptions regarding, but ‎not limited to: the Company's ability to execute on its business plan; successful integration of acquisitions; general economic and industry trends; operating assumptions relating to the ‎Company's operations; demand for the Company's products and services; cost estimates for fixed price contracts; successful renegotiation of our tolling contracts on terms acceptable and favourable to the Company; and the other assumptions set forth in the ‎Company's most recent annual information form available under the Company's profile on SEDAR+ ‎at www.sedarplus.ca.‎

The Company's actual results could differ materially from those anticipated in the forward-looking ‎statements, as a result of numerous known and unknown risks and uncertainties and other factors ‎including, but not limited to: changes in demand for the Company's products and services; general economic, ‎political, market and business conditions, including fluctuations in interest rates, foreign exchange rates, ‎stock market volatility; reliance on key management personnel; risks related to competition within the Company's industry and relating to technological advances; litigation risks; cyber-security risks; fixed price contracts may result in unexpected costs to the Company; risks of health epidemics, pandemics and similar ‎outbreaks; the tolling contracts not successfully being renegotiated on terms acceptable or favourable to the Company, or at all; and the other risks set forth in the Company's most recent annual information form ‎and management's discussion and analysis for the three and twelve months ended December 31, 2024 available under the Company's profile on SEDAR+ at www.sedarplus.ca.‎

The Company's actual results, performance or achievement could differ materially from those ‎expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be ‎given that any of the events anticipated by the forward-looking statements will transpire or occur, or if ‎any of them do so, what benefits the Company will derive therefrom. Readers are therefore cautioned ‎that the foregoing lists of important factors are not exhaustive, and they should not unduly rely on the ‎forward-looking statements included in this news release. All forward-looking statements contained in this news release are expressly ‎qualified by this cautionary statement. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

This news release contains "future-oriented financial information" and "financial outlooks" within the meaning of applicable Canadian securities laws (collectively, "FOFI"), including about the financial results, revenue, gross margin and Adjusted EBITDA of Quarterhill for the year ended December 31, 2025. FOFI, as with forward-looking ‎statements ‎generally, are, without limitation, based on the assumptions and qualifications, and are subject to the risks set out ‎above in respect of forward-looking statements. Quarterhill's actual financial position and results of operations may differ materially from ‎management's ‎current expectations and, as a result, the Company's financial results may differ ‎materially from ‎the FOFI provided in this news release. The Company and its management believe that the FOFI has been prepared on a reasonable basis, reflecting management's best estimates and judgments and the FOFI contained in this news release was approved by management as of the date hereof, for purposes of providing further information about the Company's future business operations and results. However, because this information is subjective and subject to numerous risks and assumptions, it should not be relied on as necessarily indicative of future results. Except as required by applicable securities laws, the Company undertakes no obligation to update such FOFI. Readers are cautioned that the FOFI contained in this news release should not be used for purposes other than for which it is disclosed herein, and such information is ‎presented for ‎illustrative purposes only and may not be an indication of the Company's actual ‎financial position or ‎results of operations.‎

1,Please refer to Gross Margin % in the Supplementary Financial Measures section for further information.

2.Please refer to the Adjusted EBITDA Non-IFRS Financial Measures section for further information.

3.Please refer to the Backlog - Non-IFRS Financial Measure section for further information.

Interim Condensed Consolidated Statements of Loss and Comprehensive Loss
(in thousands and in United States dollars, except share and per share amounts)

View original content:https://www.prnewswire.com/news-releases/quarterhill-announces-q3-2025-financial-results-302606849.html

SOURCE Quarterhill Inc.

Quarterhill to Announce Q3 2025 Financial Results

Quarterhill to Announce Q3 2025 Financial Results
October 23, 2025
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TORONTO, Oct. 23, 2025 /PRNewswire/ - Quarterhill Inc. ("Quarterhill") (TSX: QTRH) (OTCQX: QTRHF) will release its financial results for the three and nine months ended September 30, 2025, on Thursday, November 6, 2025. Chuck Myers, CEO, and David Charron, CFO, will host a conference call and audio webcast at 8:30 a.m. ET the same day.

Webcast Information

Traditional Dial-in Information

  • To access the call from the U.S. and Canada, dial 1.888.699.1199 (Toll Free)
  • To access the call from other locations, dial 1.416.945.7677 (International)

Rapidconnect
To instantly join the conference call by phone, please use the following URL to easily register and be connected into the conference call automatically: https://emportal.ink/3L4bqmo

Telephone Replay
Telephone replay will be available from November 6, 2025, until November 13, 2025, at: 1.888.660.6345 (Toll Free North America) or 1.289.819.1450.

Conference ID and Replay Passcode: 15004

About Quarterhill
Quarterhill is a global leader in the Intelligent Transportation System (ITS) industry, advancing mobility through smart infrastructure solutions that reduce congestion, improve roadway safety, and create more sustainable travel. Each year, Quarterhill's platforms process billions of transactions, perform compliance and safety inspections on millions of commercial vehicles, and enable transportation agencies worldwide to optimize thousands of lanes of traffic to improve travel for everyone. Leveraging advanced artificial intelligence and machine learning technologies, Quarterhill's platform delivers automation and predictive insight to help agencies manage transportation networks more efficiently. By working in close partnership with governments, communities, and industry leaders, Quarterhill is building today's connected roadways while shaping the next generation of intelligent, resilient mobility. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information, please visit: www.quarterhill.com

View original content:https://www.prnewswire.com/news-releases/quarterhill-to-announce-q3-2025-financial-results-302592377.html

SOURCE Quarterhill Inc.

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IBTTA Global Road Safety Week: Fostering Innovation for Safer Roads and Bridges

Join Quarterhill in celebrating IBTTA's Global Road Safety Week (June 24-28) with our 'Be Safe Together' campaign. Discover how our innovative technologies, like TACS and e-screening, enhance road and bridge safety, reduce traffic congestion, and protect vulnerable road users. Learn more about our commitment to creating safer roadways for everyone.
Donna Bergan - VP Marketing
June 24, 2024

Why Road Safety Matters

There's no denying the urgency of safeguarding human life on our roads and bridges. The quest for enhanced road safety is at the heart of everything we do here at Quarterhill, especially as we gear up for IBTTA’s inaugural Global Road Safety Week on June 24-28. The ‘Be Safe Together’ campaign isn’t just a slogan; it’s a clarion call for collective action to make our roads less hazardous. This movement spotlights the collective responsibility of international players to pioneer and implement strategies that aim at decreasing road fatalities and accidents. Each innovation we introduce and each measure we implement is a step closer to ensuring that everyone, from the casual commuter to the long-haul truck driver, arrives at their destination safely.

‍Why We Develop Safety Technologies

For over 40 years, our focus has been on developing technologies that address the critical needs of road safety. We developed these technologies because we believe that safety doesn't just happen; it requires proactive measures and continuous improvement. Our Tire Anomaly Classification System (TACS) and e-screening systems were created to detect and monitor safety issues before they become critical, helping shape safer practices among road and commercial vehicle operators.

Technology for Bridges and Tolling Applications

Our commitment to safety extends to critical infrastructure components like bridges and tolling systems. Bridges require precise monitoring to ensure their integrity and safety, and our Weigh-In-Motion technology, combined with advanced sensors, provides real-time data on vehicle weights, helping to prevent damage and extend the lifespan of bridge structures.

Quarterhill is also at the forefront of enhancing road safety with its advanced toll road systems, which notably reduce traffic congestion and incorporate innovative technologies. The implementation of dynamic toll pricing, for instance, discourages peak-time travel, effectively minimizing the bumper-to-bumper traffic that often leads to accidents and delays. Additionally, our electronic toll collection (ETC) systems facilitate smoother traffic flow by removing the need for vehicles to stop at toll booths, which significantly decreases the risk of collisions.

Modern toll roads equipped with Quarterhill’s technology feature state-of-the-art safety protocols, such as automated incident detection systems that promptly alert operators to accidents or hazards on the road, enabling a quicker emergency response. Furthermore, these toll roads are maintained to a higher standard, with continuous monitoring and timely maintenance that are essential in preventing accidents caused by road defects. In essence, Quarterhill’s toll road technology not only streamlines the driving experience but also plays a crucial role in ensuring that journeys are safer for everyone.

The recent acquisition of Red Fox ID by Quarterhill further strengthens the safety performance of our tolling solutions. Red Fox’s Quantum technology, including Quantum LiDAR and Quantum HYBRID, provides high-accuracy vehicle detection and classification in all traffic and weather conditions. These advanced sensor technologies support overhead detection and classification, ensuring minimal in-pavement installation and high reliability. By integrating Quantum’s solid-state LiDAR and hybrid solutions, we enhance the safety and efficiency of tolling operations, reducing the need for road closures that place service technicians and the public at risk.

By leveraging these innovations, we support the evolving needs of the tolling industry, making tolling operations safer and more efficient.

Supporting Vulnerable Road Users

Quarterhill's radar technologies play a crucial role in enhancing road safety, offering significant benefits for vulnerable users such as cyclists and pedestrians. Notably, through products like speed display signs and intersection detection systems, these technologies foster safer shared spaces.

The I-SAFE speed display signs equipped with radar technology effectively manage vehicle speeds in crucial areas. By detecting and displaying the speed of passing vehicles, these signs encourage drivers to reduce their speed, creating a safer environment for pedestrians and cyclists. This immediate feedback mechanism is essential in areas where slower speeds can greatly reduce the risk of accidents.

Intersection detection systems, such as the Icoms TMB-134, significantly boost safety at crossings for both cyclists and pedestrians. For cyclists, radar detection at intersections identifies their presence and can automatically trigger a green light, reducing wait times and discouraging risky crossing behaviors. This technology ensures that cyclists are integrated into the traffic flow safely and efficiently.

Similarly, radar detection aids pedestrians at intersections by detecting their intent to cross and extending walk lights as needed. This feature is particularly beneficial in ensuring that pedestrians, including those who move more slowly, can cross safely without the pressure of a rapidly changing light. Such systems can adapt in real-time to the pedestrian traffic flow, essentially customizing safety measures to immediate requirements and creating a safer, more inclusive roadway infrastructure.

Looking Forward

We are proud to support the ‘Be Safe Together’ campaign, recognizing that real change comes from collaboration. By combining our technological innovations with intelligent policies and campaigns, we can create safer roadways for everyone.

Join us in celebrating Global Road Safety Week and learn more about our efforts to enhance road safety worldwide.

For more information about the ‘Be Safe Together’ campaign, visit IBTTA’s Be Safe Together.

‍

News Release

Quarterhill Announces $40 Million Renewal Contract to Upgrade Alameda County Transportation Commission (Alameda CTC) I-580 Express Lanes

Quarterhill Announces $40 Million Renewal Contract to Upgrade Alameda County Transportation Commission (Alameda CTC) I-580 Express Lanes
January 6, 2025

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  • Alameda CTC's fully electronic express lanes increase the efficiency of the I-580 and I-680 corridors by giving drivers the option to bypass congested traffic segments under certain conditions.
  • Upgrading the I-580 system will create a single, unified platform for Alameda CTC and solidify Quarterhill as its sole Express Lane vendor through 2032.

TORONTO, Jan. 6, 2025 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a global leader in providing intelligent transportation system solutions, announced today that has been awarded a contract valued at $40 million to upgrade the Alameda County Transportation Commission ("Alameda CTC") I-580 Express Lanes. The project will be implemented over 17 months and includes seven (7) years of operations and maintenance. The contract provides Alameda CTC with the option to procure up to four (4) additional years of operations and maintenance at an additional cost of $15 million. All financial information in this press release is reported in U.S. dollars.

The Alameda CTC I-580 express lanes are specially designated highway lanes designed to improve travel times and alleviate traffic congestion across Alameda County. These lanes enable a more reliable traveling experience for commuters and travelers in the county by providing an option to bypass congested traffic segments under certain conditions. Express lanes help in managing and mitigating traffic congestion, directly benefiting not just the users of these lanes but also potentially improving conditions in the general-purpose lanes. The I-580 Express Lanes span approximately 10 miles from Hacienda Drive in Pleasanton to Greenville Road in Livermore in the eastbound direction and approximately 12 miles from Greenville Road to just before the I-680 overpass in Dublin in the westbound direction.

Under this contract, Quarterhill will upgrade I-580 Express Lanes onto the same technology infrastructure that underlies the I-680 Express Lanes operations. The project ensures compatibility with recent system replacements at the Alameda CTC I-680 Express Lane facilities, which implemented Quarterhill's riteSuite™ to improve mobility and alleviate congestion along the corridor. riteSuite is an updated family of cloud-based, end-to-end tolling and mobility systems built on mainstream open-source platforms for flexible deployment to support transportation growth throughout the region.

The express lane consolidation focuses on streamlining operational processes and applying consistent business rules across Alameda CTC's operations. It also addresses the legacy system's increasing operational exposures and maintenance risks by updating technical equipment, including sign upgrades to accommodate changes to road segments, and decommissioning and replacing outdated roadside equipment. With this project, Quarterhill is positioned as Alameda CTC's sole Express Lane Electronic Toll Collection System provider until 2032, with potential extensions until 2036, emphasizing a long-term commitment to enhancing Alameda County's transportation infrastructure.

"We are thrilled to deepen our partnership with the Alameda CTC through this significant upgrade of the Express Lanes," said Chuck Myers, CEO of Quarterhill. "This upgrade project not only demonstrates Quarterhill's commitment to innovation but also solidifies our position as Alameda CTC's unified provider for electronic tolling solutions. This initiative will streamline operations, ensure uniformity in the application of business rules across Alameda CTC's network, and provide greater maintenance efficiency. We believe this is a pivotal step forward in enhancing customer experience and are proud to play a crucial role in modernizing Alameda County's transportation infrastructure."

About Quarterhill
Quarterhill is a leading provider of tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry. Our goal is technology-driven global leadership in ITS, via organic growth of our tolling and enforcement businesses, 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: www.quarterhill.com.

Forward-looking Information
This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such forward-looking statements relate to future events, conditions or future financial performance of ‎Quarterhill based on future economic conditions and courses of action. All statements other ‎than statements of historical fact may be forward-looking statements. Such forward-looking statements ‎are often, but not always, identified by the use of any words such as "seek", "anticipate", "budget", ‎‎"plan", "goal", "expect" and similar expressions.

Forward-looking statements involve known and unknown risks, assumptions, ‎uncertainties and other factors that may cause actual results or events to differ materially from those ‎anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for Quarterhill's products and services; general economic and market conditions; competition; risks relating to technological advances and cyber-security; and other risks set forth in the Company's most recent annual information form available on SEDAR+ at www.sedarplus.ca. The Company believes the expectations reflected in ‎the forward-looking statements are reasonable, but no assurance can be given that these expectations ‎will prove to be correct and such forward-looking statements included in this news release should not be ‎unduly relied upon.‎ Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: Quarterhill's ability to execute on its business plan; demand for Quarterhill's products and services; operating assumptions; and financial projections and cost estimates. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View original content:https://www.prnewswire.com/news-releases/quarterhill-announces-40-million-renewal-contract-to-upgrade-alameda-county-transportation-commission-alameda-ctc-i-580-express-lanes-302342460.html

SOURCE Quarterhill Inc.

News Release

Quarterhill Announces Contracts Totaling $5.8 Million to Deploy New Technologies at North Carolina Weigh Stations

Quarterhill Announces Contracts Totaling $5.8 Million to Deploy New Technologies at North Carolina Weigh Stations
September 18, 2024

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  • Quarterhill's installation of advanced E-screening systems in North Carolina will significantly enhance road safety and streamline the inspection of commercial vehicles by the State Highway Patrol.
  • The projects in Hendersonville and Halifax will bolster the productivity of commercial motor vehicles, ensuring a safer and more efficient transportation network across the state.

TORONTO, Sept. 18, 2024 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), announced today that it has been awarded two contracts valued at $5.8 million for the supply of advanced Commercial Vehicle Enforcement technology for weigh stations operated by the North Carolina Department of Public Safety ("NCDPS") State Patrol. All financial information in this press release is reported in U.S. dollars.

Quarterhill has been selected to supply upgrades and new installations for the Hendersonville and Halifax County Commercial Vehicle inspection facilities. These projects are designed to enhance vehicle screening and improve the safety and efficiency of commercial motor vehicle operations.

In both the eastbound and westbound lanes at Hendersonville, advanced weigh-in-motion ("WIM") systems integrated with electronic screening ("E-screening") will be implemented to streamline the process of weighing vehicles while they are traveling at highway speeds. Two new virtual weigh stations, utilizing two lanes each, will be installed in advance of the rest areas and weigh stations. These sites will primarily focus on selecting vehicles for further inspection. The selected vehicles may then be directed to nearby rest areas used for enforcement, supplementing the fixed weigh stations.

The Halifax County northbound and southbound weigh stations will be upgraded to include new mainline sorter systems. These systems encompass state-of-the-art WIM technology, Tire Anomaly and Classification Systems, and License Plate Recognition ("LPR").

The main goal of the Halifax project is to enhance the interoperability of Innovative Technology Deployment systems by integrating mainline WIM and LPR technologies, USDOT readers, tire monitoring systems, and digital message signs. These upgrades aim to improve commercial vehicle safety and increase the productivity of commercial drivers by facilitating quicker and more efficient inspections along the busy I-95 corridor.

Quarterhill's solutions will enable the State Highway Patrol to manage and regulate commercial vehicle operations more efficiently. Improved data collection and automation will reduce manual checks, saving time and resources while increasing road safety.

"We are excited to bring our latest enforcement technology solutions to North Carolina. These projects in Hendersonville and Halifax represent an evolution for the state's operations and emphasize our commitment to advancing road safety and efficiency," said Chuck Myers, CEO of Quarterhill. "By implementing these sophisticated systems, we are not just improving the workflow for the NCDPS State Patrol but also enhancing the overall safety and operational efficiency of the commercial transport sector across the state."

About Quarterhill

Quarterhill is a leading provider of tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry. Our goal is technology-driven global leadership in ITS, via organic growth of our tolling and enforcement businesses, 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: www.quarterhill.com.

Forward-looking Information

This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such forward-looking statements relate to future events, conditions or future financial performance of ‎Quarterhill based on future economic conditions and courses of action. All statements other ‎than statements of historical fact may be forward-looking statements. Such forward-looking statements ‎are often, but not always, identified by the use of any words such as "seek", "anticipate", "budget", ‎‎"plan", "goal", "expect" and similar expressions.

Forward-looking statements involve known and unknown risks, assumptions, ‎uncertainties and other factors that may cause actual results or events to differ materially from those ‎anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for Quarterhill's products and services; general economic and market conditions; competition; risks relating to technological advances and cyber-security; and other risks set forth in the Company's most recent annual information form available on SEDAR+ at www.sedarplus.ca. The Company believes the expectations reflected in ‎the forward-looking statements are reasonable, but no assurance can be given that these expectations ‎will prove to be correct and such forward-looking statements included in this news release should not be ‎unduly relied upon.‎ Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: Quarterhill's ability to execute on its business plan; demand for Quarterhill's products and services; operating assumptions; and financial projections and cost estimates. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View original content:https://www.prnewswire.com/news-releases/quarterhill-announces-contracts-totaling-5-8-million-to-deploy-new-technologies-at-north-carolina-weigh-stations-302251364.html

SOURCE Quarterhill Inc.

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News Release

Quarterhill to Announce Q2 2025 Financial Results

Quarterhill to Announce Q2 2025 Financial Results
July 30, 2025

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TORONTO, July 30, 2025 /PRNewswire/ - Quarterhill Inc. ("Quarterhill") (TSX: QTRH) (OTCQX: QTRHF) will release its financial results for the three and six months ended June 30, 2025, on Wednesday, August 13, 2025. Chuck Myers, CEO, and David Charron, CFO, will host a conference call and audio webcast at 10:00 a.m. ET the same day.

Webcast Information

Traditional Dial-in Information

  • To access the call from the U.S. and Canada, dial 1.888.699.1199 (Toll Free)
  • To access the call from other locations, dial 1.416.945.7677 (International)

Rapidconnect
To instantly join the conference call by phone, please use the following URL to easily register and be connected into the conference call automatically: https://emportal.ink/44ErfYq      

Telephone Replay
Telephone replay will be available from August 13, 2025, until August 20, 2025, at: 1.888.660.6345 (Toll Free North America) or 1.289.819.1450.

Conference ID: 30578 and Replay Passcode: 30578#

About Quarterhill
Quarterhill is a leading provider of tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry. Our goal is technology-driven global leadership in ITS, via organic growth of our tolling and enforcement businesses, 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: www.quarterhill.com.      

Cision

View original content:https://www.prnewswire.com/news-releases/quarterhill-to-announce-q2-2025-financial-results-302517172.html

SOURCE Quarterhill Inc.

News Release

Quarterhill Announces Closing of Red Fox Acquisition

Quarterhill Announces Closing of Red Fox Acquisition
April 8, 2024

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TORONTO, April 8, 2024 /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 it has completed the previously announced acquisition of Red Fox I.D. Limited ("Red Fox").

Based in Haddenham, England, Red Fox is a profitable and growing provider of Automatic Vehicle Detection and Classification ("AVDC") software to the tolling industry. AVDC is responsible for the detection, classification and tracking of a vehicle as it enters and exits a tolling facility. Red Fox's Quantum software platform is able to process captured data from both LiDAR and "in pavement" inductive loops, making it unique in the market and at the forefront of advanced AVDC solutions.

"The Red Fox transaction met both our strategic and financial criteria for an acquisition, and we are pleased to welcome their team to Quarterhill," said Chuck Myers, CEO of Quarterhill. "Red Fox is a leader in AVDC software, and their products are an ideal fit with our increasing focus on technology as a differentiator in the market. We expect the acquisition to be immediately accretive to cash flow and Adjusted EBITDA, and we look forward to investing further in their product platform and capabilities."

For more information on Red Fox, visit www.redfoxid.co.uk

About Quarterhill

Quarterhill is a leading provider of tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry. Our goal is technology-driven global leadership in ITS, via organic growth of our tolling and enforcement businesses, 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: www.quarterhill.com.

Forward-looking Information

This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such forward-looking statements relate to future events, conditions or future financial performance of ‎Quarterhill based on future economic conditions and courses of action. All statements other ‎than statements of historical fact may be forward-looking statements. Such forward-looking statements ‎are often, but not always, identified by the use of any words such as "seek", "anticipate", "budget", ‎‎"plan", "goal", "expect" and similar expressions. In particular, this news release contains forward-looking statements pertaining to, but not limited to, the ‎following: the Company's business plan; anticipated financial and operational results of Red Fox; integration of Red Fox into the Company's business; future investment in the Red Fox product platform; and the impact of the Red Fox acquisition on Quarterhill's financial results.

Forward-looking statements involve known and unknown risks, assumptions, ‎uncertainties and other factors that may cause actual results or events to differ materially from those ‎anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for Quarterhill's products and services; general economic and market conditions; competition; risks relating to technological advances and cyber-security; and other risks set forth in the Company's most recent annual information form available on SEDAR+ at www.sedarplus.ca. The Company believes the expectations reflected in ‎the forward-looking statements are reasonable, but no assurance can be given that these expectations ‎will prove to be correct and such forward-looking statements included in this news release should not be ‎unduly relied upon.‎ Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: Quarterhill's ability to execute on its business plan; stock exchange approval of the Red Fox acquisition; successful integration of Red Fox; demand for Quarterhill's products and services; operating assumptions; and financial projections and cost estimates. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View original content:https://www.prnewswire.com/news-releases/quarterhill-announces-closing-of-red-fox-acquisition-302110906.html

SOURCE Quarterhill Inc.

‍

News Release

Quarterhill Announces Sponsorship and Participation at IBTTA Technology Summit

Quarterhill Announces Sponsorship and Participation at IBTTA Technology Summit
May 5, 2024

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  • Quarterhill will showcase its advanced roadside and back-office tolling solutions at this year's technology summit.
  • This marks the first time that leading toll technology provider Electronic Transaction Consultants, LLC (ETC) will participate as part of Quarterhill's unified brand.

TORONTO, May 5, 2024 /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, is proud to announce its participation as a Platinum sponsor at the International Bridge, Tunnel and Turnpike Association ("IBTTA") Technology Summit from May 4 to 7, 2024, in Atlanta, Georgia. Quarterhill is showcasing its groundbreaking solutions at booth 203.

Quarterhill's appearance at the IBTTA Technology Summit signifies an important evolution towards a unified brand identity, highlighting the integration of Electronic Transaction Consultants, LLC ("ETC") into its portfolio. This strategic consolidation under the Quarterhill brand enhances the Company's capability to deliver comprehensive, integrated ITS solutions, combining expertise in tolling, enforcement, and vehicle classification technologies. This move not only streamlines Quarterhill's offerings but also reinforces its commitment to leading innovation in the ITS industry, providing superior value to its clients and stakeholders.

Joining the excitement, Red Fox ID Limited ("Red Fox")—a company at the forefront of above-ground vehicle classification technology and the latest addition to the Quarterhill family—is also exhibiting at the Technology Summit in booths 101/103. Red Fox is known for its cutting-edge Automatic Vehicle Detection and Classification ("AVDC") technology, essential for modern road user charging applications.

Visitors to the IBTTA Technology Summit can experience the future of tolling and AVDC technology by meeting with the experts from Quarterhill and Red Fox at their respective booths. The summit serves as a perfect platform for demonstrating how the integration of ETC and Red Fox into Quarterhill will enhance the company's road pricing solutions.

About Quarterhill

Quarterhill is a leading provider of tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry. Our goal is technology-driven global leadership in ITS, via organic growth of our tolling and enforcement businesses, 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: www.quarterhill.com.

Forward-looking Information

This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such forward-looking statements relate to future events, conditions or future financial performance of ‎Quarterhill based on future economic conditions and courses of action. All statements other ‎than statements of historical fact may be forward-looking statements. Such forward-looking statements ‎are often, but not always, identified by the use of any words such as "seek", "anticipate", "budget", ‎‎"plan", "goal", "expect" and similar expressions.

Forward-looking statements involve known and unknown risks, assumptions, ‎uncertainties and other factors that may cause actual results or events to differ materially from those ‎anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for Quarterhill's products and services; general economic and market conditions; competition; risks relating to technological advances and cyber-security; and other risks set forth in the Company's most recent annual information form available on SEDAR+ at www.sedarplus.ca. The Company believes the expectations reflected in ‎the forward-looking statements are reasonable, but no assurance can be given that these expectations ‎will prove to be correct and such forward-looking statements included in this news release should not be ‎unduly relied upon.‎ Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: Quarterhill's ability to execute on its business plan; demand for Quarterhill's products and services; operating assumptions; and financial projections and cost estimates. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

View original content:https://www.prnewswire.com/news-releases/quarterhill-announces-sponsorship-and-participation-at-ibtta-technology-summit-302136205.html

SOURCE Quarterhill Inc.

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