Latest News

View/Download full document Here

TORONTO, May 15, 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 months ended March 31, 2025. All financial information in this press release is reported in United States ("US") dollars, unless otherwise indicated.

Q1 2025 Highlights

• Revenue for Q1 2025 was $33.9 million compared to $34.9 million in Q1 2024.
• Adjusted EBITDA¹ for Q1 2025 was ($3.4) million compared to $0.2 million in Q1 2024. Adjusted EBITDA¹ for Q1 2025 was negatively impacted by ($3.2) million due to two tolling contracts that are currently under renegotiation.
• Revenue backlog³ was $476 million at March 31, 2025.
• Cash used in operations for Q1 2025 was ($3.6) million compared to ($10.1) million in Q1 2024.
• Cash and cash equivalents were $26.1 million at March 31, 2025.
• Announced $40 million Renewal Contract to Upgrade Alameda CTC I-580 Express Lanes and provide operation and maintenance over seven years, with a potential four-year expansion valued at another $15 million.
• Subsequent to quarter-end, received a $3.2 million dividend from Wi-LAN Inc. ("WiLAN").

"Q1 2025 results reflect our ongoing business transformation," said Chuck Myers, CEO at Quarterhill. "While performance was impacted by our seasonally slow first quarter and the two tolling contracts that are in renegotiation, we continue to make meaningful progress on our turnaround strategy, positioning us for long-term success. Despite challenges, our project operations once again delivered strong revenue growth and margins. In addition, we remain actively engaged in renegotiating the two tolling contracts that negatively impacted our Adjusted EBITDA by $3.2 million this quarter, with the goal of securing a favorable outcome that would improve our financial performance in future quarters."

Mr. Myers continued: "Beyond our operational progress, we benefited from a WiLAN dividend payment received after the quarter ended, which contributes positively to our cash position and will be reflected in our Q2 2025 financials. We remain confident in our ability to drive revenue growth and margin improvement as we move past the first quarter and progress through 2025, particularly as our contract renegotiations conclude and our operational enhancements and technology investment take fuller effect."

Q1 2025 Financial Review
Quarterhill's Management's Discussion and Analysis and Financial Statements for the three months ended March 31, 2025 are available at the Company's website and at its profile at SEDAR+.

Revenues for the three months ended March 31, 2025, were $33.9 million compared to $34.9 million in the same period last year. The decrease in Q1 2025 revenue was due primarily to the timing of revenues received from certain tolling contracts, and offset, in part, by revenue growth from the enforcement operations. The two tolling contracts that are being renegotiated contributed $3.6 million to revenue in Q1 2025.

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 months ended March 31, 2025, was $3.9 million, or 12%, as compared to $6.4 million, or 18%, in the same period last year. The decrease in Q1 2025 was primarily due to cost overruns on two tolling projects, and offset, in part, 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 months ended March 31, 2025, were $11.2 million compared to $10.5 million in the same period last year. The Q1 2025 increase is primarily due to recruitment, technical consulting and facilities expenses, which was offset in part by a decrease in amortization expense and other charges.

Adjusted EBITDA¹ for the three months ended March 31, 2025, was ($3.4) million compared to $0.2 million in the same period last year. The Q1 2025 decrease in Adjusted EBITDA¹ compared to Q1 2024, was due to the factors impacting revenue, gross margin and expenses, as previously described. The two tolling contracts that are being renegotiated resulted in a reduction to Adjusted EBITDA¹ of ($3.2) million in Q1 2025.

Net loss for the three months ended March 31, 2025, was ($8.4) million, or ($0.07) per diluted share, compared to a net loss of ($4.2) million, or ($0.04) per diluted share, in the same period last year.

Cash used in continuing operations for the three months ended March 31, 2025, was ($3.6) million compared to ($10.1) million in the same period last year.

Cash and cash equivalents were $26.1 million at March 31, 2025, compared to $31.9 million at December 31, 2024. 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. Working capital was $22.4 million at March 31, 2025, compared to $28.9 million at December 31, 2024. Adjusted Working Capital⁴ was $59.8 million at March 31, 2025, compared to $66.2 million at December 31, 2024.

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

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

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

4. Please refer to the Adjusted Working Capital - Non-IFRS Financial Measure section for further information.

Conference Call and Webcast
Quarterhill will host a conference call to discuss its financial results on Thursday, May 15, 2025, at 10:00 AM Eastern Time.

Webcast Information

• Live audio webcast will be available at: https://app.webinar.net/bj6lZkPJOQK          
• Webcast replay will be available at: https://app.webinar.net/bj6lZkPJOQK    

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/3RrbzAs      

Telephone Replay
Telephone replay will be available from May 15, 2025, until May 22, 2025, at: 1.888.660.6345 (Toll Free North America) or 1.289.819.1450.

Conference ID: 47107 and Replay Passcode: 47107#

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 loss (gain); and (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).

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; the Company's business plan and strategy;  the outcome of renegotiation efforts relating to our tolling contracts; the impact of contract renegotiation on our financial performance; and the results of operational enhancements and technology investment by the Company.

‎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.‎

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-q1-2025-financial-results-302456204.html

SOURCE Quarterhill Inc.

Download Here

• Quarterhill subsidiary IRD will install Weigh-In-Motion technology at 28 sites on various Interstate and State Routes.
• The sites will collect vehicle data related to road infrastructure protection and monitor commercial vehicle routes to improve highway safety.

SASKATOON, SK, March 7, 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 its wholly-owned subsidiary, International Road Dynamics Inc. ("IRD"), has been awarded a $5.3 million contract by the Tennessee Department of Transportation ("TDOT") to install Weigh-In-Motion ("WIM") systems at 28 sites on interstate and state routes across Tennessee. Installation is expected to be completed in May 2025. All financial information in this press release is reported in Canadian dollars.

TDOT is promoting the advancement of WIM in the state through the development of a statewide WIM program. The WIM systems will capture and record axle weights and gross vehicle weights as vehicles drive over the measurement sites at highway speeds. The sites will provide data on commercial vehicle characteristics in certain transit corridors for asset management and design improvements.

Some of the WIM sites are co-located with enforcement sites operated by the Tennessee Highway Patrol, who will integrate their commercial vehicle inspection program with the WIM data. In addition to collecting data, the WIM systems will be able to determine if trucks are overloaded so they can be routed to inspection stations for ticketing, thus cutting down on excessive highway wear-and-tear and the number of unsafe vehicles on the road. There is also the potential for future upgrades of the sites with E-screening technology to automate the evaluation of driver and trucking company safety ratings, resulting in enhanced enforcement capabilities and further improvements to highway safety.

"We are pleased to collaborate with TDOT on this project to elevate highway safety and efficiency in Tennessee," said Chuck Myers, CEO of Quarterhill. "The deployment of advanced WIM systems will provide vital data to facilitate effective enforcement, enhance asset management, and significantly improve the safety of Tennessee's highways. This project is our first major initiative in Tennessee, and we look forward to exploring opportunities to expand our footprint further in the State."

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.

About IRD
IRD is a dynamic technology company engaged in developing key components and advanced systems for the next generation of transportation networks. Together with subsidiaries PAT Traffic and IRD Europe (ICOMS Detections, Sensor Line and VDS), IRD supplies Intelligent Transportation Systems (ITS) to private corporations, transportation agencies, and highway authorities around the world. IRD's systems make highways safer, greener, and more efficient. Known globally as a trusted partner providing sales, service, and installation support on major ITS projects for over 40 years, IRD contributes to creating smarter cities by empowering engineering and urban planning professionals to access reliable traffic data. For more information, visit www.irdinc.com

Forward-looking Information
This news release contains forward-looking statements regarding Quarterhill, its operating subsidiaries and their respective businesses. Forward-looking statements are based on estimates and assumptions made by Quarterhill in light of its experience and its perception of historical trends, current conditions, expected future developments and the expected effects of new business strategies, as well as other factors that Quarterhill believes are appropriate in the circumstances. The forward-looking events and circumstances discussed herein may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting Quarterhill, which include, without limitation, the risks described in Quarterhill's March 22, 2023 annual information form for the year ended December 31, 2022 (the "AIF"). In addition, readers are also urged to review the additional risk factors disclosed in our Management's Discussion and Analysis for the three and nine months ended September 30, 2023 filed on www.sedarplus.ca. Quarterhill recommends that readers review and consider all of these risk factors and notes that readers should not place undue reliance on any of Quarterhill's forward-looking statements. 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-awarded-5-3-million-tennessee-statewide-weigh-in-motion-contract-302082425.html

SOURCE Quarterhill Inc.

‍

Download Here

TORONTO, Sept. 2, 2025 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a leading global provider of intelligent transportation system ("ITS") solutions, today announced the successful resolution of a previously disclosed contract renegotiation with one of the Company's tolling customers.

The resolution, reached through constructive mediation, reflects the shared commitment of both Quarterhill and its customer to fostering a strong, long-term partnership. Together, the parties chose to reset the relationship on positive new terms, laying the foundation for a healthier, more collaborative, and mutually beneficial future.

Pending final approval by the customer's governing body, the resolution includes a one-time payment to Quarterhill in Q3 2025 to address historical cost-recovery matters. In addition, the agreement secures improved payment terms, enhanced performance standards, and a structure that raises annual revenue while simultaneously reducing costs associated with the previous contract. Importantly, the new terms also provide a termination-for-convenience provision covering a three-year operations and maintenance period, with financial incentives that support stronger margins and reward exceptional performance.

"This outcome represents an exciting step forward for Quarterhill and our valued customer," said Chuck Myers, Chief Executive Officer of Quarterhill. "By working together in good faith, we've not only resolved past issues but created a framework that strengthens our relationship, improves predictability, and sets the stage for long-term success. This agreement underscores the trust our customers place in Quarterhill and highlights the Company's proactive approach to building sustainable partnerships. We're proud of this resolution and energized about the opportunities it creates for both sides as we continue to deliver smarter, safer, and more efficient transportation solutions."

This resolution marks a significant milestone in Quarterhill's operational transformation, offering greater clarity for shareholders while reaffirming the Company's commitment to strong customer relationships and forward-looking growth.

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: approval of the mediation agreement by the customer's governing body; operational and financial impacts of the agreement; the results of the Company's efforts to improve margins and strengthen its financial position; the Company's operational transformation and growth expectations.

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, approval of the Agreement by customer's governing body; 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-reaches-favorable-mediation-agreement-strengthening-tolling-contract-302543407.html

SOURCE Quarterhill Inc.

Download Here

• Strategic partnerships with regional distributors T.M.S. Engineering in Thailand and S.A. Technology Co., Ltd. in South Korea reinforce Quarterhill's strong market presence and dedication to global transportation innovation.

TORONTO, July 17, 2024 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a global leader in transportation technology solutions, announces a total of $4.9 million in product sales to its regional partners in Thailand and South Korea. All Financial information in this press release is reported in U.S. dollars unless otherwise indicated.

Through its well-established distributor, T.M.S. Engineering ("TMS"), Quarterhill has successfully secured a $2.8 million agreement to supply its cutting-edge high-speed Weigh-In-Motion ("WIM") preclearance systems, alongside vital components, for multiple Ministry of Transportation projects across Thailand. TMS has also become Quarterhill's regional distributor for Sensor Line fiber-optic toll treadle sensors, enhancing customer support for this product in Thailand. This strategic move underscores Quarterhill's commitment to improving road safety, efficiency, and infrastructure resilience in Asia's emerging markets.

In a parallel development, Quarterhill's dedicated distributor in South Korea, S.A. Technology Co., Ltd. ("SAT"), has committed $2.1 million for the procurement of the state-of-the-art IRD-PAT Bending Plate WIM scales and the versatile SAW portable enforcement scales. This purchase is a significant step forward in bolstering weight enforcement systems within South Korea, reinforcing Quarterhill's footprint in providing high-caliber transportation and logistics solutions globally.

"We are extremely pleased with these new contracts, which not only represent significant sales achievements but also affirm our strong position in Asia," said Chuck Myers CEO of Quarterhill. "Our partnerships with TMS in Thailand and SAT in South Korea are instrumental to our success in the region. This collaboration aligns with our mission to deploy innovative transportation solutions that cater to the unique needs of our international clientele."

Quarterhill is dedicated to its role in transforming the global transportation landscape through technological innovation and strategic partnerships. With a focus on reliability, accuracy, and efficiency, Quarterhill's solutions are designed to meet the rigorous demands of today's transportation infrastructure challenges. These recent agreements with TMS and SAT further solidify Quarterhill's reputation as a trusted partner in the international transportation sector.

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-4-9-million-in-transportation-technology-product-sales-in-thailand-and-south-korea-302198941.html

SOURCE Quarterhill Inc.

‍

Download Here

• VDS, a subsidiary of Quarterhill, secures homologation certificates from Germany's PTB and Austria's BEV for the next-generation M5 Speed enforcement camera with advanced encryption and software that offers exceptional precision and tamper-proof evidence.
  
  
• With its robust features and ability to significantly reduce speed violations, the M5 Speed sets a new benchmark in traffic enforcement.

TORONTO, June 13, 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, announced today that its subsidiary, VDS Verkehrstechnik ("VDS"), has been awarded a homologation certificate by the Physikalisch-Technische Bundesanstalt Nationales Metrologieinstitut ("PTB"), Germany's renowned national metrological institute, and a certificate renewal by Bundesamt für Eich- und Vermessungswesen ("BEV"), Austria's Federal Office of Metrology and Surveying. These certifications will pave the way for German and Austrian sales of the M5 Speed enforcement camera.

The M5 Speed enforcement camera has been certified against strict and comprehensive standards for speed measurement and speed enforcement. This significant achievement includes type approval for the M5 Speed equipped with its newest digital camera model, ISC 4000V3, which features ECDSA P-256 Elliptical Curve Cryptography, new operating instructions, and updated measuring instrument software, setting a new standard in traffic enforcement technology.

Improved Security
When the M5 Speed camera catches a vehicle speeding, it immediately takes a photo as evidence. The camera uses ECDSA technology to 'seal' the digital image of the vehicle together with the data from the speed measurement using a digital 'signature'. This signature ensures that the photo and speed data are protected against tampering or manipulation. The images can only be viewed with software supplied by Quarterhill.

This feature is crucial for two main reasons:

1. Integrity and Trust: For drivers and the legal system to trust the outcomes of speed enforcement cameras, the evidence they produce must be beyond reproach—unchanged from the moment it's captured until it's presented in any potential legal setting. ECDSA ensures this integrity, providing a foundation of trust in the system.
   
   
2. Legal Validity: In the court of law, the authenticity of evidence is paramount. If there's any chance that the evidence could be tampered with, its credibility collapses. That's where ECDSA shines, offering the assurance needed for such evidence to hold up in legal proceedings, making the roads safer for everyone.

Certification from legal metrology authorities provides assurance to governments, insurers, and courts that the M5 Speed is not just a tool for deterring speeding, but also does so with unmatched integrity and reliability.

Leading-edge Technology for Safer Communities
In response to the widespread need for effective speed control in high-traffic areas, the M5 Speed offers an unparalleled solution that brings about lasting positive changes in driving behavior. Studies and practical experience demonstrate that the implementation of fixed speed enforcement like the M5 Speed leads to a marked decrease in speed limit violations, significantly enhancing road safety in communities.

Innovations for Efficient and Reliable Speed Enforcement
The M5 Speed embodies efficiency and reliability with its fully autonomous operation, capable of automatic restarts after local power failures. Engineered to withstand harsh weather conditions, including rainstorms, blizzards, and heat waves, the M5 Speed promises unwavering performance year-round. Its design is discreet, blending seamlessly into diverse environments with optional housings for urban compatibility.

Unmatched Features Set M5 Speed Apart

• High-Precision Speed Measurement: Utilizes cutting-edge fiber optic sensors for lane-specific and optional motorcycle detection, delivering incontrovertible, court-proof evidence.
  
  
• Robust Security: Ensures manipulation-proof results through encrypted image capture.
  
  
• All-Weather Capability: Remains fully operational in all types of weather conditions.
  
  
• Sustainability: Features low power consumption with an optional fuel cell for grid-independent installations.
  
  
• Fully Automated System: Offers automated data transfer, and software applications facilitating the administrative and legal processes seamlessly.
  
  
• Advanced Customization: Supports network integration, car/truck differentiation with automatic speed adjustments, and tunnel measurement capabilities as optional enhancements.

"We are thrilled to receive the type-examination certificates from PTB and BEV for our M5 Speed enforcement camera with improved encryption, affirming our commitment to enhancing road safety through technological innovation," said Chuck Myers, CEO of Quarterhill. "These certifications not only validate the security, reliability, and effectiveness of the M5 Speed but also mark a significant step forward in our mission to create safer roads for everyone. With its robust features and proven impact, the M5 Speed is poised to set a new benchmark in traffic enforcement technology."

The M5 Speed is now certified for use across Germany and Austria and sets a compelling precedent for global standards in automated speed enforcement 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/quarterhills-innovative-m5-speed-camera-gains-essential-approvals-in-germany-and-austria-302171495.html

SOURCE Quarterhill Inc.

‍

Cycling is synonymous with daily European life—especially in Amsterdam, where 400,000 cyclists ride to their destinations every day. However, where there are cities full of cyclists, there’s congestion. Our Dutch partner, Multisensors, asked Ewald Dijkstra, Senior Advisor of Mobility Research at the City of Amsterdam, what challenges they face in the field of bicycle mobility, and why they chose the Signum bicycle counter to help solve the problem.

THE TASK:

Quality bicycle data collection. Essential to solving congestion.

‍

Dijkstra pointed out that while motorized traffic is fairly well known, there is very little data on bicycle traffic, and what does exist—in the way of data—consists mostly of snapshots. He explained that the tech used so far, such as induction loops or pneumatic tubes, are unreliable or too fragile for permanent use. The Amsterdam municipality needs an accurate picture (as opposed to snapshots), based on reliable data, of the actual bicycle congestion across the city. The challenge is to understand the bottlenecks and make the cycle paths safer by optimizing the flow of cyclists.

‍

THE TEST:

Studies conducted. Radars tested. 

‍

Dijkstra conducted a comparative study at a test site and found that the Signum radar was more reliable than manual counting. The accuracy is well over 90%, even during peak hours and bicycle congestion. The data (volume, speed, direction) is naturally anonymous and accessible online in real time. A game, and accurate-data-collecting-changer. 

‍

THE TECH:

Icoms Signum Radars. Doppler and Lidar tech.

‍

The tech behind Icoms Signum is the TMA-3B3, designed and manufactured in Belgium by Icoms Detections, with multi sensors that integrate into a customized housing. This sensor combines a Doppler radar and a lidar. The lidar helps separate individual bicycles from groups, making the product particularly accurate in counting.

The radar communicates with a modem via an RS-232 link, and a solar panel makes it autonomous and functional 24/7/365, enabling continuous measurement. This allows the city of Amsterdam to understand the relative ridership at the various measurement points, considering external factors influencing bicycle traffic, such as periodic events or weather conditions.

‍Sources:
https://www.verkeersnet.nl/mobiliteitsbeleid/46017/signum-fietsteller-van-multisensors-geeft-inzicht-in-fietsmobiliteit/

https://www.multisensors.nl/klantcase/gemeente-amsterdam/