Welcome to our dedicated page for Quarterhill news (Ticker: QTRHF), a resource for investors and traders seeking the latest updates and insights on Quarterhill stock.
Quarterhill Inc. reports developments tied to intelligent transportation system solutions for public transportation agencies. Its updates commonly cover Weigh-in-Motion and Virtual Weigh-in-Motion deployments, traffic monitoring systems, commercial vehicle screening, automated enforcement, tolling technologies, AI-enabled sensing, and data platforms used for roadway safety, freight mobility, infrastructure protection, and transportation planning.
Quarterhill news also includes contract awards and agency partnerships across North America, including work supported by its International Road Dynamics subsidiary, as well as product demonstrations and financial results. Recurring disclosures emphasize software and recurring-revenue expansion, safety and enforcement activity, backlog and project execution, and the company’s positioning as a technology provider in the ITS market.
International Road Dynamics Inc. (IRD), a subsidiary of Quarterhill (QTRHF), has secured a four-year Quantity Purchase Agreement with the Indiana Department of Transportation (INDOT) valued at over $5.5 million. This agreement allows for unlimited Quantity Purchase Awards and covers the provision of electronic equipment, software, and services to enhance existing Weigh-in-Motion (WIM) systems. IRD aims to deliver high-accuracy traffic data to support planning and compliance for INDOT. The partnership reinforces IRD's commitment to expanding its service offerings in the Intelligent Transportation Systems sector.
Quarterhill Inc. (TSX: QTRH, OTCQX: QTRHF) appointed Mr. Rusty Lewis to its Board of Directors on March 3, 2022. With extensive experience in the Intelligent Transportation Systems (ITS) sector, Lewis is expected to guide the company through its transformation into a pure-play ITS business. He previously led Syntonic Technology, which became Transcore, and held senior positions at various notable firms. The company anticipates additional board changes at the annual shareholder meeting scheduled for April 21, 2022.
Quarterhill Inc. (TSX: QTRH; OTCQX: QTRHF) will announce its financial results for Q4 and the fiscal year 2021 on March 10, 2022. The announcement will follow a conference call at 10:00 a.m. ET, hosted by President and CEO Bret Kidd and Interim CFO Steve Thompson. Investors can access the live webcast through a specified link and dial in using provided numbers for Canada, U.S., and international locations.
Quarterhill aims to secure leadership in the Intelligent Transportation System (ITS) market through strategic acquisitions and organic growth.
Quarterhill Inc. (TSX: QTRH, OTCQX: QTRHF) announced a contract with the Alameda County Transportation Commission for Electronic Transaction Consultants (ETC) to implement an interim electronic toll collection system on the I-680 Express Lanes in California. Valued at approximately US$4 million, the two-year contract aims to quickly enable revenue service. ETC will utilize its riteSuite™ technology, which includes advanced analytics and AI-based systems, to enhance traffic flow and generate revenue for mobility initiatives.
The United States Court of Appeals for the Federal Circuit (CAFC) ruled favorably for Wi-LAN Inc., a subsidiary of Quarterhill (TSX: QTRH, OTCQX: QTRHF), regarding its patent infringement case against Apple. The CAFC confirmed that Apple infringes Wi-LAN's patents and is liable for damages. Additionally, the CAFC reversed a District Court's ruling that excluded Intel-based Apple products from damages calculations, allowing for their inclusion. The case has been remanded for a new trial to determine the amount of damages owed by Apple.
Quarterhill announced that the Orange County Transportation Authority awarded WSP USA a contract for the I-405 Express Lanes project, with Electronic Transaction Consultants (ETC), a subsidiary of Quarterhill, as a major subcontractor. Valued at US$49.3 million for an initial term of up to nine years, the contract includes options to extend. ETC will implement a comprehensive Back Office System to enhance customer service and streamline operations for the express lanes. The project aims to improve tolling management and customer interactions, with completion expected in 2023.
Quarterhill Inc. has announced the departure of CFO John Rim to pursue other interests, with Stephen Thompson appointed as interim CFO. Thompson, who previously held the CFO role from April to December 2017, has extensive public company experience and is a Chartered Professional Accountant. The Board is actively searching for a permanent CFO. CEO Bret Kidd expressed gratitude for Rim's contributions and highlighted the company's strengthened fundamentals as it transitions into the Intelligent Transportation Systems (ITS) sector, focusing on growth and acquisitions.
Quarterhill Inc. (TSX: QTRH, OTCQX: QTRHF) will participate in two virtual investor conferences in January 2022. The first is the ATB 10th Annual Institutional Investor Conference on January 11 at 9:30am ET, featuring CEO Bret Kidd and CFO John Rim in a fireside chat. The second is the 24th Annual Needham Growth Conference on January 13 at 8:30am ET, where both executives will deliver a standard presentation. Webcasts for both events are available online for interested investors.
OTTAWA, ON, Dec. 31, 2021 /PRNewswire/ - Wi-LAN Inc. (a Quarterhill company) announced that its subsidiary, Polaris Innovations Limited, has signed a license agreement with Marvell Technology Inc. for certain patents related to memory interface technologies. The specific terms of the agreement, including the consideration payable to Polaris, remain confidential. Wi-LAN is recognized as a leader in patent monetization across various technology sectors, including automotive and wireless communications.
Quarterhill Inc. announced the appointment of Kevin Holbert as CEO of Electronic Transaction Consultants Corporation (ETC) effective December 20, 2021. Holbert has been with the company since 2002, previously serving as Chief Commercial Officer. His leadership is expected to steer ETC towards continued growth in the Intelligent Transportation Systems and smart mobility sectors. Holbert's extensive experience is viewed as a strategic asset for ETC's future. This change follows the appointment of Bret Kidd as CEO of Quarterhill on December 15, 2021.