QUARTERHILL INC - QTRHF STOCK NEWS

International Road Dynamics, a subsidiary of Quarterhill (TSX: QTRH), launched a new web-based analytics platform for traffic data management. This platform integrates data from Icoms Detections' sensors, enhancing Smart City initiatives aimed at improving traffic flow and reducing emissions. It has garnered interest from clients in France and Belgium, and its debut installation in the Netherlands received positive feedback. This move positions IRD to capitalize on technology and infrastructure growth opportunities, aligning with environmental goals.

Quarterhill announced preliminary consolidated financial results for Q3 2020, with expected revenue between $80 million to $87 million and Adjusted EBITDA between $32 million to $36 million. This growth is driven by strong performances from its subsidiaries, Wi-LAN and International Road Dynamics. The complete financial results will be released on November 5, 2020. CEO Paul Hill highlighted the positive impact of Wi-LAN on overall revenue and cash flow, essential for supporting the company's M&A strategy within the Intelligent Transportation Systems sector.

International Road Dynamics (IRD), a Quarterhill company, announced a $1.2 million contract with the U.S. Federal Highway Administration (FHWA) for the installation, maintenance, and data services of Weigh-In-Motion (WIM) systems. This 66-month task-order contract will ensure that data from WIM systems meets established performance specifications across testing sites in the U.S. and Canada. IRD’s ongoing involvement in the Long-Term Pavement Performance program has solidified its relationship with the FHWA since 2004.

Quarterhill Inc. (TSX: QTRH, OTCQX: QTRHF) announced a new patent license agreement with Intel Corporation through its subsidiary Wi-LAN Inc.. This agreement grants Intel certain patent rights for a multi-year term and resolves pending litigation between WiLAN's Auriga Innovations, Inc. and Intel, HP Inc., and Hewlett Packard Enterprise Company in the United States District Court, Western District of Texas. Specific financial terms remain confidential.

Wi-LAN Inc., a subsidiary of Quarterhill (TSX: QTRH, OTCQX: QTRHF), announced on Sept. 30, 2020, the acquisition of a new portfolio of patents from IBM. These patents focus on semiconductor manufacturing process technologies, enhancing Wi-LAN's capabilities in intellectual property monetization. The financial details remain confidential, but this acquisition underscores Wi-LAN's strategy to strengthen its market position across various sectors, including automotive and wireless communications.

International Road Dynamics, a subsidiary of Quarterhill (QTRHF), has secured a $3.3 million contract for commercial vehicle enforcement systems in Ukraine. The project involves providing high-speed Weigh-In-Motion systems at six sites, enhancing traffic monitoring and reporting capabilities. This follows a successful pilot, revealing over 40% of vehicles were overloaded. The project aims to improve road safety and infrastructure while utilizing IRD's advanced monitoring software for real-time data analytics.

Wi-LAN, a subsidiary of Quarterhill (TSX: QTRH, OTCQX: QTRHF), announced a licensing agreement with Konica Minolta covering printer-related technologies. The details of the agreement, including the financial consideration, are confidential. Wi-LAN is recognized for its success in patent monetization across various sectors like automotive, medical, and wireless technologies. Quarterhill focuses on acquiring and growing technology-oriented companies, aiming for predictable revenues and profitable growth.

International Road Dynamics Inc. (IRD), a subsidiary of Quarterhill (TSX: QTRH; OTCQX: QTRHF), has secured a $2.0 million contract for providing maintenance services for five Weigh-In-Motion systems in New York State. This 5-year agreement supports the Commercial Vehicle Electronic Screening Program, enhancing vehicle pre-clearance and inspection processes. The contract marks a significant addition to IRD's service agreements, contributing to predictable revenue streams and strengthening its long-term relationship with the New York State Department of Transportation.

International Road Dynamics Inc. (IRD), a subsidiary of Quarterhill (TSX: QTRH) (OTCQX: QTRHF), has secured a contract to design and install two Weigh-in-Motion (WIM) systems in Paraguay. This initiative, part of a national truck compliance program, aims to enhance vehicle enforcement and support sustainable transportation. The systems will integrate vehicle dimensioning technologies to improve transport efficiency and protect highway infrastructure. CEO Rish Malhotra expressed commitment to expanding their operations in Paraguay, highlighting the importance of efficient commercial vehicle movement.