Quarterhill Announces Full System Acceptance and Completion of Major Toll System Projects for CTRMA
Quarterhill (QTRHF) has announced the successful completion and full system acceptance of two major toll road projects for the Central Texas Regional Mobility Authority (CTRMA). The projects include the US 290 toll road, a 6-mile corridor from US 183 to SH 130 in East Austin, and CTRMA 183A Phase III. The US 290 project has tripled the roadway's capacity and features integrated direct connectors at US 183 and SH 130. Both toll systems are fully automated with all-electronic tolling mechanisms, offering electronic tags and Pay By Mail options.
Quarterhill (QTRHF) ha annunciato il completamento con successo e l'accettazione completa del sistema di due importanti progetti autostradali a pedaggio per la Central Texas Regional Mobility Authority (CTRMA). I progetti includono la strada a pedaggio US 290, un corridoio di 6 miglia da US 183 a SH 130 nell'Est di Austin, e la CTRMA 183A Fase III. Il progetto US 290 ha triplicato la capacità della strada e presenta connettori diretti integrati a US 183 e SH 130. Entrambi i sistemi a pedaggio sono completamente automatizzati con meccanismi di pedaggio elettronico, offrendo tag elettronici e opzioni di pagamento tramite posta.
Quarterhill (QTRHF) ha anunciado la finalización exitosa y la aceptación completa del sistema de dos importantes proyectos de carreteras de peaje para la Central Texas Regional Mobility Authority (CTRMA). Los proyectos incluyen la carretera de peaje US 290, un corredor de 6 millas desde US 183 hasta SH 130 en el este de Austin, y la CTRMA 183A Fase III. El proyecto US 290 ha triplicado la capacidad de la carretera y cuenta con conectores directos integrados en US 183 y SH 130. Ambos sistemas de peaje son totalmente automatizados con mecanismos de peaje electrónico, ofreciendo etiquetas electrónicas y opciones de pago por correo.
Quarterhill (QTRHF)는 Central Texas Regional Mobility Authority (CTRMA)를 위한 두 개의 주요 유료도로 프로젝트의 성공적인 완료 및 전체 시스템 수용을 발표했습니다. 해당 프로젝트에는 오스틴 동부의 US 183에서 SH 130까지 6마일 구간인 US 290 유료도로와 CTRMA 183A 3단계가 포함됩니다. US 290 프로젝트는 도로 용량을 세 배로 늘렸으며 US 183과 SH 130에 통합된 직접 연결로를 갖추고 있습니다. 두 유료 시스템 모두 완전 자동화되어 전자 태그와 우편 결제 옵션을 제공하는 완전 전자식 통행료 징수 방식을 사용합니다.
Quarterhill (QTRHF) a annoncé l'achèvement réussi et l'acceptation complète du système de deux grands projets de routes à péage pour la Central Texas Regional Mobility Authority (CTRMA). Les projets comprennent la route à péage US 290, un corridor de 6 miles allant de US 183 à SH 130 à l'est d'Austin, ainsi que la CTRMA 183A Phase III. Le projet US 290 a triplé la capacité de la route et comprend des connecteurs directs intégrés à US 183 et SH 130. Les deux systèmes de péage sont entièrement automatisés avec des mécanismes de péage électronique, offrant des badges électroniques et des options de paiement par courrier.
Quarterhill (QTRHF) hat die erfolgreiche Fertigstellung und vollständige Systemabnahme von zwei bedeutenden Mautstraßenprojekten für die Central Texas Regional Mobility Authority (CTRMA) bekannt gegeben. Zu den Projekten gehören die US 290 Mautstraße, ein 6-Meilen-Korridor von US 183 bis SH 130 im Osten von Austin, und die CTRMA 183A Phase III. Das US 290-Projekt hat die Kapazität der Straße verdreifacht und verfügt über integrierte Direktanschlüsse an US 183 und SH 130. Beide Mautsysteme sind vollständig automatisiert mit vollelektronischen Mautmechanismen und bieten elektronische Tags sowie Pay-by-Mail-Optionen.
- Successful completion and acceptance of two major toll road projects demonstrates technical capabilities
- US 290 project tripled existing roadway capacity, improving infrastructure efficiency
- Implementation of fully automated, all-electronic tolling systems showcases technological advancement
- Ongoing maintenance and technology support contract ensures continued revenue stream
- None.
- Quarterhill successfully delivers and receives full system acceptance for the US 290 toll road project and completion of CTRMA 183A Phase III.
- The milestones mark a significant achievement, showcasing Quarterhill's expertise in deploying advanced toll collection systems and reinforcing its commitment to improving regional mobility with state-of-the-art technology solutions.
In December 2021, Quarterhill was awarded the contract to deliver an advanced toll collection system for key segments of CTRMA's network, including US 290 and CTRMA 183A Phase III. Today, we are pleased to confirm that both initiatives have been completed to the full satisfaction of CTRMA, meeting all operational and technical requirements.
US 290 Expressway Project Highlights:
- The US 290 toll road, a 6-mile corridor from US 183 to SH 130 in
East Austin , has been upgraded to an expressway facility, significantly improving travel times for both tolled and non-toll lanes. This enhancement has tripled the existing roadway's capacity, enabling more efficient and safer travel across the region. - The integration of direct connectors at both US 183 and SH 130 promotes seamless vehicular movement, reduces congestion, and improves connectivity, benefiting countless commuters and contributing to economic growth in
Williamson County andNortheast Travis County .
CTRMA 183A Phase III Highlights:
- The completion of Phase III of the 183A toll supports CTRMA's infrastructure improvements that provide direct access between key points and improve the flow of traffic.
- Collaboration with TxDOT and other stakeholders was pivotal in completing this project, underscoring Quarterhill's commitment to agency collaboration.
The toll systems on both roadways are fully automated, utilizing all-electronic tolling mechanisms that include options for electronic tags or Pay By Mail, aligning with modern tolling practices and ensuring a user-friendly experience for all motorists.
"We are thrilled with the successful launch and system acceptance at two of our projects, as part of our ongoing partnership with Quarterhill. This milestone not only demonstrates CTRMA's commitment to enhancing transportation infrastructure but also marks a significant step forward in utilizing advanced tolling technologies," said Greg Mack, Director of IT and Toll Systems at CTRMA. "We are confident that Quarterhill's innovative solutions will continue to improve the efficiency and reliability of our road networks, offering a superior travel experience for our community."
"We are pleased to have reached this significant milestone," said Chuck Myers, CEO of Quarterhill. "The successful delivery of these complex projects not only demonstrates our technical capabilities but also our dedication to collaboration that enhances transportation efficiency. We are proud to support CTRMA in their mission to provide innovative mobility solutions."
As these projects move from completion to operational phases, Quarterhill remains committed to supporting CTRMA with ongoing maintenance and technology advancements to ensure the highest levels of service and reliability.
About Quarterhill
Quarterhill is a leading provider of tolling, safety and enforcement, and logistics solutions in the Intelligent Transportation System (ITS) industry. Our goal is technology-driven global leadership in ITS, via organic growth of our 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.
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SOURCE Quarterhill Inc.
FAQ
What major toll road projects did Quarterhill (QTRHF) complete for CTRMA?
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What type of tolling system did Quarterhill implement for the CTRMA projects?
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