QUARTERHILL INC - QTRHF STOCK NEWS

Quarterhill Inc. (TSX: QTRH; OTCQX: QTRHF) will release its financial results for Q3 2021 on November 10, 2021. The results will cover the three- and nine-month periods ending September 30, 2021. CEO Paul Hill and CFO John Rim will host a conference call and audio webcast at 10:00 a.m. ET on the same day. Investors can access the live audio webcast through the provided link and dial in using the listed phone numbers. The webcast will be available for replay for a year following the event.

International Road Dynamics Inc., a subsidiary of Quarterhill, has secured a $2.0 million contract from the Hawaii Department of Transportation to implement a Weigh-In-Motion system and tire safety screening at Kapalama, Oahu. This installation is notable as it introduces Hawaii's first tire safety screening system, aimed at enhancing highway safety and monitoring container traffic. The project includes advanced technology such as an overview camera and a tire anomaly classification system, ensuring compliance with weight restrictions and promoting road safety.

Quarterhill has filed a preliminary short form base shelf prospectus with Canadian securities commissions, allowing the issuance of up to $200,000,000 in securities, including common shares and debt, over 25 months. This prospectus will enable the company to respond to market conditions for future capital needs. However, there are no guarantees regarding the actual offering or sale of these securities. The company continues its strategy in the Intelligent Transportation System industry and intellectual property licensing.

On October 1, 2021, Wi-LAN, a subsidiary of Quarterhill Inc. (TSX: QTRH; OTCQX: QTRHF), announced a licensing agreement with Motorola Mobility LLC. This agreement pertains to patents related to wireless technology, although specific terms remain confidential. Wi-LAN specializes in patent monetization across various markets, including automotive and wireless communications, while Quarterhill focuses on growth within the Intelligent Transportation System industry.

International Road Dynamics (IRD), a subsidiary of Quarterhill (QTRHF), has secured a $2.2 million contract from the Idaho Transportation Department to implement a Weigh-In-Motion and Electronic Pre-Clearance system at the Declo Port of Entry. This new system aims to enhance safety and efficiency, allowing compliant vehicles to bypass weigh stations, thereby reducing congestion and greenhouse gas emissions. The integration of advanced technologies will help identify high-risk vehicles and contribute to improved road safety.

International Road Dynamics (IRD), a subsidiary of Quarterhill (TSX: QTRH, OTCQX: QTRHF), has launched the WIM@Toll controller to integrate weigh-in-motion technology into toll systems. This new product aims to address overweight vehicle issues while enhancing toll revenue management. With over 6,000 toll lanes globally and new partnerships, IRD is positioned to capitalize on emerging market opportunities in tolling as governments seek funding for infrastructure projects. The innovative WIM@Toll controller reflects IRD's commitment to modernizing transportation networks.

Quarterhill Inc. (TSX: QTRH, OTCQX: QTRHF) has successfully completed its acquisition of Electronic Transaction Consultants, LLC (ETC), a key player in the Intelligent Transportation Systems (ITS) sector. This acquisition, valued at $150 million, is expected to enhance Quarterhill's position in the U.S. tolling market, with projected annualized revenue contributions of $95-$120 million and Adjusted EBITDA of $12.5-$15 million within 12-18 months. The deal is financed through $75 million in cash and $75 million in syndicated debt, with potential revenue synergies between ETC and Quarterhill's existing business operations.

International Road Dynamics (IRD), a subsidiary of Quarterhill (TSX: QTRH; OTCQX: QTRHF), announced a CAD $4.1 million contract with the Illinois Department of Transportation for maintaining the statewide Weigh-in-Motion (WIM) network. This agreement spans four years with a potential six-year renewal. IRD will support essential systems including in-road scales and roadside electronics, enhancing the efficiency of weigh stations. This contract expands IRD's recurring revenue stream and signifies their leadership in traffic data collection technology.

International Road Dynamics (IRD), a subsidiary of Quarterhill (TSX: QTRH, OTCQX: QTRHF), has secured a contract with the Oklahoma Department of Transportation (ODOT) for the installation of a new Electronic Screening System (ESS) at the Bryan County Northbound Port-of-Entry Weigh Station. This system, incorporating advanced Weigh-In-Motion technology and a five-year maintenance agreement, aims to enhance vehicle screening efficiency and road safety. The project is set to commence in Q2 2022, building on prior deployments of IRD's systems in Oklahoma.