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.
Company Overview
Quarterhill Inc. (Symbol: QTRHF) operates at the intersection of technology and transportation, offering a broad array of tolling and enforcement solutions within the Intelligent Transportation System (ITS) industry. The company’s core business spans the acquisition and management of technology companies, deepening its portfolio with cutting‐edge patents and state-of-the-art integrated systems spanning various high-growth sectors. By leveraging its dual focus on technology licensing and system integration, Quarterhill provides advanced solutions designed for global transportation infrastructure, addressing challenges from traffic management to road safety and commercial vehicle oversight.
Technological Innovation & Product Offerings
At the heart of Quarterhill’s strategy is its commitment to technological innovation. The company’s technology licensing segment includes a wide range of patents covering areas such as semiconductor manufacturing, enhanced image processing, and advanced LED lighting, as well as systems applicable to automotive and industrial applications. The integration of these technologies into real-world applications is evident in its tolling and enforcement units, which incorporate sophisticated weigh-in-motion (WIM) systems, electronic screening, and data analytics software. These solutions are often enhanced through the incorporation of emerging technologies like artificial intelligence (AI) and machine learning, which streamline operations and optimize traffic flow.
Integrated Systems & Global Reach
Quarterhill’s intelligent systems segment provides end-to-end solutions for transportation authorities and commercial entities worldwide. Key services include automated truck weigh stations, toll road equipment, and comprehensive traffic management systems. The company’s international footprint is marked by significant contracts across multiple regions, ensuring that its systems are effectively tailored to the unique requirements of each market. Strategic partnerships and distribution channels in regions such as Asia, Europe, and North America underscore its role as a trusted player in the global transportation technology landscape.
Operational Excellence & Strategic Growth
Quarterhill has built its reputation on a solid foundation of operational efficiency and strategic acquisitions. This acquisition-oriented investment strategy allows the company to stay ahead of technological trends while optimizing its existing product lines. By focusing not only on the development of new technology but also on the integration of legacy systems through unified branding and consolidated websites, Quarterhill ensures that all aspects of its business operate cohesively. The company’s approach to streamlining operations—through rigorous project management, cost-control measures, and targeted workforce adjustments—demonstrates its commitment to sustainable growth and enhanced market competitiveness.
Market Position & Industry Expertise
Operating in a highly competitive and rapidly evolving industry, Quarterhill distinguishes itself by marrying a robust portfolio of licensed technologies with highly integrated intelligent systems. The company’s solutions are tailored to meet the multifaceted demands of modern transportation systems, from dynamic toll pricing and enforcement to the critical maintenance of complex electronic screening systems. This dual approach not only mitigates operational risks but also streamlines the decision-making processes for transportation agencies, thereby reinforcing its role in enhancing road safety and regulatory compliance.
Commitment to Technological Advancement
In addition to its current offerings, Quarterhill’s investment in R&D and strategic technology partnerships—particularly in the arena of AI and machine learning—positions it to continuously refine its product suite. This ongoing commitment to innovation ensures that its tolling systems, enforcement technologies, and data-analytic platforms remain at the forefront of technological evolution. The company’s Technical Advisory Committee, comprising experts from diverse technology backgrounds, further solidifies its role as a knowledge leader capable of navigating complex technical challenges in the transportation sector.
Comprehensive Service & Customer Focus
Every solution provided by Quarterhill is backed by robust service and maintenance contracts that guarantee operational uptime and system reliability. Through semi-annual maintenance visits, comprehensive training sessions for operators, and dedicated technical support, Quarterhill ensures that its clients—from municipal transportation departments to nationwide enforcement agencies—receive the full benefit of state-of-the-art technology combined with reliable operational expertise.
Conclusion
In summary, Quarterhill Inc. is a multifaceted technology company driven by a clear focus on enhancing transportation infrastructure through innovative tolling and enforcement solutions. The company’s extensive portfolio, deep technological expertise, and commitment to operational excellence position it as a nuanced player in the ITS industry, delivering ever-evolving solutions that cater to the worldwide needs of modern transportation systems.
Quarterhill Inc. (OTCQX: QTRHF) has announced that its auditor, Ernst & Young LLP, has requested additional time to complete the audit of its financial statements for the year ended December 31, 2021, due to staffing issues. Consequently, the company will now release its financial results on March 22, 2022. A conference call will follow at 10:00 a.m. ET the same day. Quarterhill aims for growth in the Intelligent Transportation System sector through strategic acquisitions and development of its subsidiaries, including Wi-LAN Inc.
Quarterhill Inc. (TSX: QTRH; OTCQX: QTRHF) has announced the hiring of Stout as a financial advisor for its WiLAN strategic review process, initiated on December 15, 2021. Stout, a global investment bank with extensive experience in intellectual property transactions, will assist in evaluating strategic alternatives for WiLAN, including potential asset sales, acquisitions, and changes to corporate structure. This review aims to enhance WiLAN's operational model, but there are no guarantees of completing any transaction.
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.
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