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Quarterhill Inc. focuses on the acquisition and management of technology companies that provide products and services globally. Their technology licensing segment includes patents related to various technologies such as 3D television, semiconductor manufacturing, medical stent, LED lighting, and more. The company's intelligent systems segment offers integrated systems and solutions for automated truck weigh stations, toll road systems, traffic management, and vehicle information systems. Quarterhill aims for global leadership in the Intelligent Transportation System industry through organic growth and strategic acquisitions.
Quarterhill Inc. (TSX: QTRH; OTCQX: QTRHF) has announced a definitive agreement to acquire Electronic Transaction Consultants, LLC (ETC) for $150 million. This acquisition will strengthen Quarterhill's position in the Intelligent Transportation Systems (ITS) industry, particularly in tolling, expected to benefit from a favorable environment due to increased government infrastructure spending. ETC processes over two billion transactions annually and is projected to generate $95-120 million in revenue within 12-18 months. The deal is set to close in September 2021, contingent upon customary conditions.
Quarterhill Inc. (TSX: QTRH) reported Q2 2021 revenues of $18.9 million, up from $16.8 million in Q2 2020. Adjusted EBITDA was (3.0) million, compared to (2.0) million a year earlier. The company has a robust cash position with $122.7 million in cash and equivalents. Significant progress was made on its M&A strategy with the acquisition of VDS GmbH, enhancing revenue opportunities. The Board declared a $0.0125 dividend payable on October 8, 2021.
Wi-LAN Inc., a subsidiary of Quarterhill, has signed a license agreement with an unnamed company in the automotive industry regarding wireless technology patents. The agreement includes confidential licensing fees and other terms. Wi-LAN specializes in patent monetization across various sectors including automotive and wireless communications. Quarterhill aims to grow in the Intelligent Transportation System (ITS) space and is listed on both TSX and OTCQX under symbols QTRH and QTRHF respectively.
Quarterhill Inc. (TSX: QTRH, OTCQX: QTRHF) announced that CEO Paul Hill and CFO John Rim will present at the Canaccord Genuity 41st Annual Growth Conference on August 12, 2021, at 1:00 p.m. EDT. The presentation will be conducted virtually, and interested parties can access an audio webcast here. To schedule a one-on-one meeting, attendees are encouraged to contact their Canaccord Genuity representative.
Quarterhill focuses on the Intelligent Transportation System (ITS) industry and aims to leverage growth opportunities in this sector.
On August 3, 2021, Wi-LAN Inc., a subsidiary of Quarterhill (TSX: QTRH, OTCQX: QTRHF), announced the acquisition of semiconductor process, packaging, and circuit technology patents from a prominent market leader. This acquisition aims to enhance their intellectual property portfolio in areas relevant to data centers, mobile, and personal devices. Additional details of the transaction remain confidential. This move follows an earlier acquisition of non-volatile memory patents in 2014, indicating a strategic focus on expanding their technology capabilities.
Quarterhill Inc. (TSX: QTRH, OTCQX: QTRHF) will release its financial results for Q2 2021 on August 5, 2021. The announcement covers the three- and six-month periods ending June 30, 2021. Paul Hill, President and CEO, alongside CFO John Rim, will lead a conference call and audio webcast at 10:00 a.m. EDT on the same day. Details for the live webcast and dial-in options have been provided, along with information on replay access. Quarterhill aims for growth in the Intelligent Transportation System (ITS) sector and is focused on capitalizing on attractive opportunities within the industry.
On July 6, 2021, Wi-LAN Inc., a subsidiary of Quarterhill (TSX: QTRH, OTCQX: QTRHF), announced a licensing agreement with Powerchip Semiconductor Manufacturing Corporation. This agreement involves patents owned by WiLAN’s subsidiaries, Cetus Technologies and North Star Innovations, which relate to semiconductor device manufacturing. The patents were acquired from Panasonic in January 2018 and Freescale Semiconductor in November 2015. The financial terms of the deal remain confidential, but it builds on previous licensing agreements, indicating growing traction in the semiconductor sector.
International Road Dynamics (IRD), a subsidiary of Quarterhill (TSX: QTRH, OTCQX: QTRHF), has been awarded a contract worth up to $1.8 million by the Nebraska State Patrol for upgrades to the Nebraska City weigh station preclearance system. This includes the installation of advanced e-screening technology, enhancing road safety and operational efficiency. The project follows similar upgrades in Waverly and North Platte and is expected to improve enforcement capabilities against unsafe commercial vehicle conditions, particularly through the Tire Anomaly and Classification System (TACS).
International Road Dynamics Inc. (IRD), a subsidiary of Quarterhill (TSX: QTRH, OTCQX: QTRHF), has launched an AI-powered CVSA decal reader system aimed at improving the efficiency of commercial vehicle inspections. This new technology enhances read rates for CVSA decals and allows for automatic pre-screening of vehicles at highway speeds, ensuring prioritized checks for those with expired decals. Developed in collaboration with the University of Saskatchewan, this system could significantly bolster road safety and streamline freight transportation across North America.
Wi-LAN Inc., a subsidiary of Quarterhill (TSX: QTRH, OTCQX: QTRHF), announced a new licensing agreement with a prominent provider of security video solutions. This agreement pertains to multiple security video technologies. The specific financial terms of the agreement remain confidential. Wi-LAN is recognized as a leading patent monetization firm and operates across various markets, including automotive and medical technologies.
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