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.
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.
Quarterhill's subsidiary, ETC, has secured a six-year contract valued at US$72.79 million with the Central Texas Regional Mobility Authority (CTRMA). The contract involves implementing advanced electronic toll collection systems and maintenance services in Austin, Texas. ETC will enhance traffic management through its riteSuite™ technology, which includes sophisticated data analytics and machine learning capabilities. The contract may extend for two additional two-year terms, indicating a long-term partnership aimed at improving mobility in Central Texas.
Quarterhill Inc. (QTRHF) has announced the immediate promotion of Bret Kidd, CEO of Electronic Transaction Consultants (ETC), to CEO of Quarterhill, replacing Paul Hill. The company is shifting its operations to focus on the Intelligent Transportation Systems (ITS) market, projected to grow from $45B in 2020 to $90B by 2025. Quarterhill plans to conduct a strategic review of its subsidiary WiLAN, exploring potential changes to its structure and operations. The transition aims to enhance its growth strategy within the ITS sector.
International Road Dynamics Inc. has appointed Heimo Haub as Managing Director for IRD Europe, effective January 10, 2022. This new division will integrate operations from the Belgian subsidiary ICOMS Detections and recent German acquisitions Sensor Line and VDS. Mr. Haub brings over 15 years of experience in the Intelligent Transportation Systems (ITS) sector, and his leadership aims to enhance customer service and drive growth in Europe. The consolidation is seen as a strategic move to strengthen IRD's presence in the European market while improving road safety and sustainability.
Quarterhill Inc. (TSX: QTRH, OTCQX: QTRHF) announced participation in the Raymond James Technology Investors Conference from December 6-8, 2021. CEO Paul Hill and CFO John Rim will represent the company in a virtual format. Interested parties can schedule one-on-one meetings through their Raymond James representatives. Quarterhill focuses on growth in the Intelligent Transportation System (ITS) sector and leads in Intellectual Property licensing via its subsidiary, Wi-LAN Inc. More information is available at www.quarterhill.com.
On November 23, 2021, Wi-LAN Inc., a subsidiary of Quarterhill Inc. (TSX: QTRH; OTCQX: QTRHF), announced the acquisition of a patent portfolio from a leading publicly-traded semiconductor technology company. The patents pertain to wired connectivity, focusing on various USB-C technologies applicable in desktop computers, laptops, tablets, mobile phones, gaming consoles, and smart TVs. Specific terms of the transaction remain confidential, indicating a strategic move to enhance Wi-LAN's intellectual property assets in high-demand tech sectors.
Quarterhill Inc. (QTRHF) reported Q3 2021 revenues of $36.3 million, down from $88.0 million in Q3 2020. Adjusted EBITDA for Q3 2021 was $7.6 million, a decline from $39.0 million in the prior year. The company completed the acquisition of Electronic Transaction Consultants (ETC) and has a working capital of $60.0 million as of September 30, 2021. Cash and equivalents stood at $37.0 million, down from $141.3 million at the end of 2020. The Board declared a quarterly dividend of $0.0125 per share payable January 10, 2022.
Quarterhill completed a successful offering of 6.00% convertible unsecured subordinated debentures, raising $57.5 million in gross proceeds. The offering, priced at $1,000 per debenture, involved a syndicate of underwriters led by Raymond James Ltd. Net proceeds will support growth through potential acquisitions and enhance working capital. The debentures are set to be listed on the TSX under the symbol QTRH.DB. This strategic funding aims to position Quarterhill as a global leader in the Intelligent Transportation System industry.
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.
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