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. (TSX: QTRH) (OTCQX: QTRHF) has announced it will release its financial results for Q3 2024 on Friday, November 8, 2024. CEO Chuck Myers and CFO Kyle Chriest will host a conference call and audio webcast at 10:00 a.m. ET on the same day. The company will provide results for both the three and nine-month periods ended September 30, 2024. A live audio webcast will be available, with replay options accessible via both webcast and telephone until November 15, 2024.
Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF) has announced the formation of a Technical Advisory Committee and the addition of two external advisors. Bobby Parikh, an engineering executive with experience at Uber, Google, and deCarta, joins as a Special Advisor to the CEO and committee member. His expertise in mapping platforms and applications is expected to be valuable for Quarterhill's artificial intelligence capabilities and tolling solutions.
Vineet Khosla, previously announced to join the Board of Directors, will instead join the Technical Advisory Committee in a non-fiduciary role. Khosla's expertise in artificial intelligence and machine learning, particularly in transportation-related applications, is anticipated to benefit the company. The committee aims to guide Quarterhill's technology roadmap and system architecture, focusing on emerging AI and ML applications.
Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF) has secured two contracts worth $5.8 million to supply advanced Commercial Vehicle Enforcement technology for North Carolina Department of Public Safety (NCDPS) State Patrol weigh stations. The projects, located in Hendersonville and Halifax County, aim to enhance vehicle screening and improve safety and efficiency of commercial motor vehicle operations.
Key features include:
- Advanced weigh-in-motion (WIM) systems with electronic screening
- Virtual weigh stations
- Mainline sorter systems with Tire Anomaly and Classification Systems
- License Plate Recognition (LPR) technology
These upgrades will enable more efficient management and regulation of commercial vehicle operations, reducing manual checks and increasing road safety.
Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF) has been awarded a contract to supply 15 portable iTHEIA™ AI Video Automatic Traffic Recorders to the Minnesota Department of Transportation (MnDOT). iTHEIA is a self-contained, non-intrusive traffic classifier that uses advanced AI to accurately count and classify vehicles according to the FHWA 13-Class scheme. The system operates on edge computing, ensuring high accuracy without internet connectivity, and can be set up in under 30 minutes.
Key benefits of iTHEIA include:
- Improved road safety and traffic management
- Elimination of in-road sensors, reducing costs and enhancing safety
- Ability to monitor three lanes of traffic without risking staff safety
- Compliance with federal reporting requirements
This contract represents a significant milestone for Quarterhill, reinforcing its commitment to revolutionizing traffic data collection using AI technology.
Quarterhill (TSX: QTRH, OTCQX: QTRHF), a leader in tolling and enforcement solutions, reported Q2 2024 financial results. Key highlights include:
- Revenue of $41.5M, up 7.5% YoY
- Adjusted EBITDA of $1.7M, down from $2.9M last year
- Positive cash flow from operations at $0.8M compared to negative $10.3M in Q2 2023
- Revenue backlog of $500M
However, the gross profit fell to $8.5M (21% margin) from $10M (26% margin) in Q2 2023. Total operating expenses were $10.8M. The net loss from continuing operations was $3M, a significant improvement from last year's $10.2M loss. Cash and cash equivalents stood at $24M, down from $42.7M at year-end 2023. Vineet Khosla joined the Board, adding AI and ML expertise.
Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF) has announced that it will release its financial results for Q2 2024 on Friday, August 9, 2024. The company will host a conference call and audio webcast at 10:00 a.m. ET on the same day, led by CEO Chuck Myers and CFO Kyle Chriest. Investors can access the live audio webcast or join via traditional dial-in methods. A webcast replay and telephone replay will be available until August 16, 2024. This announcement provides shareholders and analysts with an opportunity to review Quarterhill's financial performance for the three and six months ended June 30, 2024, and potentially gain insights into the company's future outlook.
Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF) has been awarded a $1.2 million contract by the South Dakota Department of Transportation (SDDOT) for maintenance, training, and emergency repair services through December 2026. The contract covers:
1. Maintenance of E-Screening systems at six weigh stations and 28 traffic data collection sites
2. Semi-annual maintenance visits and system calibrations
3. Training courses for SDDOT operators
4. Operation of a central server for data exchange
5. Licenses for iAnalyze reporting software and access to VI2M™ web-based data repository
This contract extends Quarterhill's software services and demonstrates its commitment to providing advanced transportation technology solutions and professional services to enhance roadway safety and streamline traffic operations.
Quarterhill Inc. (TSX: QTRH) (OTCQX: QTRHF) has announced $4.9 million in transportation technology product sales in Thailand and South Korea. The company secured a $2.8 million agreement with T.M.S. Engineering in Thailand for high-speed Weigh-In-Motion preclearance systems and components for Ministry of Transportation projects. In South Korea, S.A. Technology Co., committed $2.1 million for IRD-PAT Bending Plate WIM scales and SAW portable enforcement scales.
These strategic partnerships reinforce Quarterhill's market presence in Asia and its commitment to global transportation innovation. The company aims to improve road safety, efficiency, and infrastructure resilience in emerging markets while bolstering weight enforcement systems in South Korea.
Quarterhill's subsidiary, VDS Verkehrstechnik, has secured vital homologation certificates for its advanced M5 Speed enforcement camera from Germany's PTB and Austria's BEV, paving the way for sales in these countries. The M5 Speed camera boasts high-precision speed measurement, robust encryption using ECDSA P-256 Elliptical Curve Cryptography, and unmatched reliability. It's engineered for all-weather conditions, ensuring seamless operation year-round. This groundbreaking technology enhances road safety by significantly reducing speed violations. The certifications affirm the M5 Speed's reliability, security, and legal validity, making it a significant player in the traffic enforcement industry.
Quarterhill has secured two contracts worth $1.5 million to provide and maintain their AI-based iTHEIA™ traffic monitoring systems at 17 sites in North Dakota. These systems will enhance the North Dakota Department of Transportation's (NDDOT) traffic data collection capabilities, aiding in highway planning, design, maintenance, and management. The contract includes upgrades at 14 existing sites and installations at three new locations: Bismarck Expressway, Buxton, and Bowesmont. The iTHEIA™ system, utilizing video and machine learning, offers high reliability, safety, cost-effectiveness, and continuous data collection, essential for transportation infrastructure planning.
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