Latest News

Download Here

TORONTO, March 1, 2024 /PRNewswire/ - Quarterhill Inc. ("Quarterhill") (TSX: QTRH) (OTCQX: QTRHF) will release its financial results for the three- and twelve-month periods ended December 31, 2023, on Friday, March 15, 2024. Chuck Myers, CEO, and Kyle Chriest, Interim CFO, will host a conference call and audio webcast at 10:00 a.m. ET the same day.

Webcast Information

• Live audio webcast will be available at: https://app.webinar.net/kaDJ5DBQnAr      
• Webcast replay will be available at: https://app.webinar.net/kaDJ5DBQnAr

Traditional Dial-in Information

• To access the call from Canada and U.S., dial 1.888.664.6383 (Toll Free)
• To access the call from other locations, dial 1.416.764.8650 (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/49QcJge

Telephone Replay

Telephone replay will be available from March 15, 2024, until March 22, 2024, at: 1.888.390.0541 (Toll Free North America) or 1.416.764.8677.

Conference ID: 14601908 and Replay Passcode: 601908 #

About Quarterhill

Quarterhill is a leading provider of tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry. 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.      

View original content:https://www.prnewswire.com/news-releases/quarterhill-to-announce-q4-and-fiscal-2023-financial-results-302076599.html

SOURCE Quarterhill Inc.

To improve road safety, the Bordeaux Métropole (a French public authority) took unprecedented steps to dive deeper into traffic flows by installing I-SAFE 2 radar speed display signs. By publishing data from them, the authority provides transparency and helps meet the nation’s commitment to Open Data.

THE TASK:

Gather vehicle speed data. Put it to good use. 

‍

Bordeaux Métropole has used I-SAFE radar speed signs to manage traffic for quite some time. They recently acquired additional new I-SAFE 2 radar speed display signs and installed them at critical points throughout their roadways to alert drivers of their (excessive) speed. 

The radar speed signs have proven to be extremely effective at increasing road safety. While they’re designed to display the speed of vehicles approaching them, they also gather the measured vehicles’ speeds and convert that into invaluable and actionable data—revealing the “speeding” behavior of motorists.

‍

THE TECH:

Radar speed signs. Open data network.

‍

Two new features allow I-SAFE signs to transfer, and publish the speed data they collect. 

1. 3G modems send the data to the Icoms Detections server on a regular basis. 
2. ‍An API developed by Icoms Detections in close collaboration with Bordeaux Métropole that allows the public authority to automatically extract data from the signs to populate its data warehouses and publish the data on its platform.
   ‍

The data collected includes the speed, direction of travel, and time of passage. Therefore, identifying peak hours or times is straightforward when the speed is highest. The comparisons are easy, and it's simple to see a picture of how traffic is responding.‍

Bordeaux Métropole makes the following data available on an hourly basis:

• Average/minimum/maximum speed
• Standard deviation (speed)
• Percentile (speed)
• Volume

THE TRUTH:

A commitment to sharing data. France is leading the way.

‍

France is one of the countries leading the way in opening up public data, having passed the Digital Republic act in 2016. The country ranks as one of the top five in the world for open data, scoring highly for government action. Publishing public data has the ultimate objective of helping to innovate and create new services in the interest of all. Mobility data such as those reported by behavior-modifying radar speed signs are useful in more ways than one, both for citizens and for developers of third-party applications.

Bordeaux Métropole and Icoms Detections worked closely together to develop this solution, which is perfectly in line with their mutual desire to solve for smarter cities.

‍

Download Here

• Quarterhill will supply 15 portable iTHEIA™ video-based AI traffic count and classification systems for the Minnesota Department of Transportation.
• iTHEIA is a self-contained, non-intrusive traffic classifier that sets a new standard for safety, efficiency, and accuracy in traffic data collection.

TORONTO, Sept. 4, 2024 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a global leader in providing intelligent transportation system solutions, announced today the award of a contract for the supply of iTHEIA™ AI Video Automatic Traffic Recorders ("ATR") for Minnesota DOT ("MnDOT").

Quarterhill's iTHEIA utilizes advanced AI to accurately count and classify all common vehicle types, including passenger cars, trucks, buses, RVs, and motorcycles. iTHEIA operates on a powerful edge computing platform, ensuring high accuracy and reliability without requiring internet connectivity. This provides a self-contained system that does not need cloud processing to classify but can be connected to a network for easy access to data if desired.

By using iTHEIA, transportation agencies like MnDOT can efficiently improve road safety and enhance traffic management. For these agencies, it is important that traffic data meets federal reporting requirements, and iTHEIA has been trained to classify vehicles according to the Federal Highway Administration's standard ("FHWA") 13-Class scheme.

The Portable iTHEIA system is intended for short-term deployments, providing a simple way to acquire data from multiple locations. iTHEIA eliminates the need for in-road sensors, reducing costs and enhancing safety as users never have to set foot on the road to set up and operate the system.

"iTHEIA is a game-changer for us," stated John Hackett from the Minnesota Department of Transportation. "Deploying this AI classifier device is fast and simple – setup in under 30 minutes – and it watches over three lanes of traffic without risk to our staff's safety on busy roads. The iTHEIA AI Classifier is the only way we can get FHWA 13 Class counts on some of our busy roadways."

"MnDOT's order for multiple portable iTHEIA units represents a significant milestone for Quarterhill," said Chuck Myers, CEO of Quarterhill. "It not only reinforces our commitment to revolutionizing traffic data using AI but also marks an exciting step forward in our partnership with the state. It signals to the industry and to our customers that we are setting the standard for safety, efficiency, and accuracy in traffic data collection."

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/minnesota-dot-selects-quarterhills-itheia-ai-classification-system-for-traffic-monitoring-302237621.html

SOURCE Quarterhill Inc.

View/Download the full document Here

TORONTO, March 17, 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 twelve months ended December 31, 2024. All financial information in this press release is reported in United States ("US") dollars, unless otherwise indicated.

Q4 & Fiscal 2024 Highlights

• Revenue for Q4 2024 and fiscal 2024 was $38.9 million and $153.3 million, compared to $43.0 million and $144.0 million in the same periods last year.
• Adjusted EBITDA¹ for Q4 2024 and fiscal 2024 was $1.2 million and $0.2 million compared to $2.3 million and $2.9 million in the same periods last year.
• Revenue backlog³ was $495 million at December 31, 2024.
• Cash generated from (used in) continuing operations for Q4 2024 and fiscal 2024 was $6.5 million and ($4.4) million compared to $32 thousand and ($14.0) million in the same periods last year.
• Cash and cash equivalents increased to $31.9 million at December 31, 2024 from $23.1 million at September 30, 2024.
• Acquired Red Fox for net proceeds of $4.9 million.
• Sold its 50% interest in the Chinese joint venture, Xuzhou-PAT Control Technologies Limited for net cash proceeds of $4.4 million.
• Appointed Pasquale T. (Pat) Deon, Sr. to its Board of Directors, and on February 19, 2025, appointed Robin Saunders to the Board of Directors.
• On January 6, 2025, announced $40 million Renewal Contract to Upgrade Alameda CTC I-580 Express Lanes, with a potential four-year expansion valued at another $15 million.

"We made progress in 2024 on our turnaround efforts, delivering top-line growth and positive Adjusted EBITDA for the year, as well as positive cash from operations and growth in our cash balance in Q4," said Chuck Myers, CEO at Quarterhill. "For the past year, our focus has been to transform the business by integrating our strong operating assets, implementing leadership changes, developing our strategic plan, advancing our technology roadmap, expanding our sales pipeline and renegotiating certain tolling contracts. While there is still work to do, we made important progress on each of these fronts in 2024, which positions us well for revenue growth and margin expansion in 2025."

"Our vision is to become the number one or two player in the markets we operate in. We aim to achieve growth while generating reliable cash flows to build a healthy balance sheet capable of supporting both organic and acquisition-driven expansion. While we still have work to do in our turnaround, with a solid financial foundation, improved operational efficiency, and enhanced technological capabilities, we are confident in our strategy and ability to execute on our growth plans."

Q4 & Fiscal 2024 Financial Review
Quarterhill's Management's Discussion and Analysis for the three and twelve months ended December 31, 2024 and 2024 Annual Consolidated Financial Statements are available at the Company's website and at its profile at SEDAR+.

Financial statements for the three and twelve months ended December 31, 2023, have been prepared to reflect continuing operations, and therefore, exclude results during that period from Wi-LAN Inc. ("WiLAN"), which was sold by Quarterhill on June 15, 2023.

Revenues for the three and twelve months ended December 31, 2024, were $38.9 million and $153.3 million, compared to $43.0 million and $144.0 million in the three and twelve months ended December 31, 2023. The decrease in revenue for Q4 2024 was due primarily to the timing of revenues received from certain contracts and the disposition of non-core Latin American operations in December 2023. The increase in revenues for fiscal 2024 was primarily due to continued strong performance from the enforcement operations as well as increased contribution from tolling operations.

Gross profit² 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 twelve months ended December 31, 2024, was $7.8 million and $27.8 million, or 20% and 18%, as compared to $8.5 million and $30.1 million, or 20% and 21%, in the three and twelve months ended December 31, 2023, respectively. The decrease in fiscal 2024 compared to fiscal 2023 was primarily due to reserves taken in Q3 2024 related to cost overruns on two tolling projects which was partially offset by continued strong margin performance from the enforcement operations.

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 twelve months ended December 31, 2024, were $11.2 million and $43.7 million, compared to $15.8 million and $47.9 million in the three and twelve months ended December 31, 2023, respectively. The decreases are primarily due to a reduction in other charges and lower R&D, which was offset in part by an increase in SG&A.

Adjusted EBITDA¹ for the three and twelve months ended December 31, 2024, was $1.2 million and $0.2 million, compared to $2.3 million and $2.9 million for the three and twelve months ended December 31, 2023, respectively. The decrease in Adjusted EBITDA for the three and twelve months ended December 31, 2024, compared to the prior year periods, was due to the factors impacting revenue, gross margin and expenses, as previously described.

Net income (loss) from continuing operations for the three and twelve months ended December 31, 2024, was $0.3 million and ($11.0) million, or $0.00 and ($0.10) per diluted share, compared to a net loss from continuing operations of ($11.5) million and ($32.4) million, or ($0.10) and ($0.28) per diluted share, for the three and twelve months ended December 31, 2023.

Cash generated from (used in) continuing operations for the three and twelve months ended December 31, 2024, was $6.5 million and ($4.4) million, compared to $32 thousand and ($14.0) million for the three and twelve months ended December 31, 2023.

Cash and cash equivalents were $31.9 million at December 31, 2024, compared to $23.1 million at September 30, 2024 and $42.7 million at December 31, 2023. Due to the nature of the Company's business activities, operating cash flows may vary significantly between periods due to changes and timing in working capital balances. Adjusted Working Capital⁴ was $66.2 million at December 31, 2024, compared to $78.9 million at December 31, 2023.

Conference Call and Webcast

Quarterhill will host a conference call to discuss its financial results on Monday, March 17, 2025, at 10:00 AM Eastern Time.

Webcast Information

• Live audio webcast will be available at: https://app.webinar.net/jGx29Y2K0gl
• Webcast replay will be available at: https://app.webinar.net/jGx29Y2K0gl

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/42rBzm7

Telephone Replay
Telephone replay will be available from March 17, 2025, until March 24, 2025, at: 1.888.660.6345 (Toll Free North America) or 1.646.517.4150.

Conference ID: 09879 and Replay Passcode: 09879#

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 income (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; and (viii) other income which includes equity in earnings from joint ventures; (ix) dividends received from joint ventures; and * 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).

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.

Adjusted Working Capital – Non-IFRS Financial Measure

Adjusted Working Capital is calculated as current assets minus current liabilities, adjusted for convertible debentures and derivative liability. Adjusted Working Capital reflects our net working capital expected to be settled in cash within twelve months. The most comparable IFRS measure is working capital.

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 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") 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; and the Company's business plan and strategy.

‎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; 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; 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.‎

Consolidated Statements of Net Income (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-q4-and-fiscal-2024-financial-results-302402648.html

SOURCE Quarterhill

Download Here

• Expansion into Djibouti adds to Quarterhill's growing portfolio in East Africa, demonstrating the Company's ability to address diverse transportation needs in the region.
  
  
• Repeat orders from Thailand and South Korea reinforce proven reliability of Quarterhill's weigh-in-motion systems.

TORONTO, Aug. 5, 2025 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a leading global provider of intelligent transportation system ("ITS") solutions, today announced new international contracts in Djibouti, Thailand, and South Korea, marking its first deployment in Djibouti and expanding the Company's footprint in East Africa.

Quarterhill's Djibouti deployment introduces a comprehensive overweight enforcement solution combining high-speed and slow-speed weigh-in-motion ("WIM") technologies. The system features two high-speed WIM lanes with bending plate sensors for initial vehicle screening, plus six slow-speed lanes for verifying suspected overweight vehicles.

The enforcement infrastructure includes iSINC-based electronics, integrated license plate readers, and barrier gates, all managed through a centralized control room. Quarterhill's weigh station software has been customized for this project with French language support and enhanced citation tracking across multiple workstations. This multi-tiered approach ensures efficient traffic flow while maintaining accurate weight regulation enforcement.

The project is part of a World Bank-funded infrastructure upgrade, with Quarterhill subcontracted through Danway Emirates LLC and HAWK International & Construction Djibouti, SARL leading the initiative.

Quarterhill's continued success in established markets is reflected in repeat orders from Thailand and South Korea, where transportation agencies have expanded their deployments of the Company's Single Load Cell and Bending Plate WIM systems. These follow-on contracts validate the proven performance of Quarterhill's technology in high-traffic environments.

The systems deliver exceptional accuracy through full tire footprint contact and are engineered for long-term durability under heavy traffic conditions. Their temperature stability and consistent performance make them particularly well-suited for both high-speed monitoring and enforcement pre-screening applications across diverse operating environments.

"These recent achievements in Djibouti, South Korea, and Thailand highlight the growing demand for our innovative weigh-in-motion technologies in diverse markets around the world," said Chuck Myers, Chief Executive Officer of Quarterhill. "We are proud to partner with governments and agencies that share our commitment to improving roadway safety and efficiency. By offering highly reliable and customizable solutions, Quarterhill continues to deliver meaningful value to transportation networks globally."

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. Specifically, this news release contains forward-looking statements relating to, but not limited to: anticipated improvement to roadway safety and efficiency in Djibouti, South Korea and Thailand; the Company's continued success and product validation in established markets; growing demand for the Company's products.

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; force majeure risks; risks associated with operations in foreign countries, including but not limited to changes in government policies, political or economic instability, currency fluctuations, difficulties in enforcing contracts and intellectual property rights, differing regulatory and legal requirements, and potential difficulties in repatriating funds; 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. The foregoing lists are not exhaustive. Additional information on these and other factors which could affect the Company's operations or financial results are included in the Company's most recent annual information form and other public documents on file with the Canadian Securities regulatory authorities on www.sedarplus.ca.

The forward-looking statements represent the Company's views as at the date of this news release. There can be no assurance that forward-looking statements will prove to be accurate, as actual events and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on any forward-looking statement. The Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.

View original content:https://www.prnewswire.com/news-releases/quarterhill-delivers-weigh-in-motion-solutions-to-improve-roadway-safety-and-efficiency-in-djibouti-south-korea-and-thailand-302520226.html

SOURCE Quarterhill Inc.

‍

Download Here

$2.7 Million Investment Brings AI-Enabled Safety Inspection Technology to Two of Arkansas' Busiest Trucking Corridors

TORONTO, Oct. 9, 2025 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a leading global provider of intelligent transportation system ("ITS") solutions, together with the Arkansas Department of Transportation ("ARDOT") and the Arkansas Highway Police, today announced the launch of a $2.7 million project to modernize freight operations on two of the state's most critical freight corridors. All dollar amounts are in U.S. dollars unless otherwise specified.

The initiative will deploy advanced mainline sorter systems at Lehi on I-40 Eastbound and at Marion on I-55 Southbound, two key entry points that handle some of the highest truck volumes in the nation.

Working in partnership, ARDOT, the Arkansas Highway Police, and Quarterhill are introducing an integrated suite of AI-driven and sensor-based technologies that will streamline inspection, improve safety, and keep commerce moving efficiently without the need for costly roadway expansion. These next-generation mainline sorter systems will feature:

• Weigh-in-Motion (WIM) sensors to capture truck weights at highway speeds.
• Tire Anomaly Classification System (TACS) for real-time detection of unsafe tire conditions.
• License Plate Recognition (LPR), Department of Transportation (DOT) Checks, and Intelligent Roadside Operations Computer (iROC) to verify vehicle credentials instantly.
• Fully Integrated Dynamic Message Boards to guide drivers who need further inspection.

"This project demonstrates how technical innovation and collaboration can solve real-world challenges in freight management and strengthen Arkansas' position as a national leader in freight movement," said Quarterhill CEO Chuck Myers. "By working hand in hand with ARDOT and the Arkansas Highway Police, we are ensuring that Arkansas' highways remain safe, efficient, and capable of supporting growth in interstate commerce for decades to come."

The modernized systems will help Arkansas address increasing freight volume at one of America's busiest trucking corridors while supporting ARDOT's broader mission to deliver safer, smarter, and more sustainable transportation infrastructure. The project underscores the importance of technology-driven solutions for freight corridors where expansion is challenging, but traffic volumes continue to grow. As interstate commerce continues to surge, these upgrades will ensure Arkansas remains at the forefront of efficient, safe freight movement.

"Partnering with Quarterhill allows us to bring cutting-edge tools to two of Arkansas' most important freight gateways," said Jeff Holmes, Chief of Arkansas Highway Police. "These upgrades will strengthen enforcement, improve roadway safety, and keep goods moving efficiently across our state and beyond. This initiative is a win for our economy, drivers, and communities."

This project underscores Quarterhill's commitment to working closely with transportation agencies nationwide to deliver cutting-edge ITS solutions to today's most pressing mobility challenges.

To learn more about Quarterhill, please visit the 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; force majeure risks; risks associated with operations in foreign countries, including but not limited to changes in government policies, political or economic instability, currency fluctuations, difficulties in enforcing contracts and intellectual property rights, differing regulatory and legal requirements, and potential difficulties in repatriating funds; 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. The foregoing lists are not exhaustive. Additional information on these and other factors which could affect the Company's operations or financial results are included in the Company's most recent annual information form and other public documents on file with the Canadian Securities regulatory authorities on www.sedarplus.ca.

The forward-looking statements represent the Company's views as at the date of this news release. There can be no assurance that forward-looking statements will prove to be accurate, as actual events and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on any forward-looking statement. The Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.

View original content:https://www.prnewswire.com/news-releases/quarterhill-and-arkansas-department-of-transportation-partner-to-modernize-freight-operations-at-states-critical-crossroads-302579225.html

SOURCE Quarterhill Inc.