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.
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) announces its virtual Annual Meeting of shareholders (AGM) on April 21, 2022, at 9:30 a.m. EDT, due to COVID-19 safety concerns. Shareholders can participate online and vote electronically. The company is adopting a Board Tenure Policy, limiting director tenure to 12 years, with Rusty Lewis and Pamela Steer standing for election alongside current directors. A notice package will be sent on March 17, 2022, containing details of the AGM and how to vote. Meeting materials are available on SEDAR and the Quarterhill website.
Quarterhill Inc. (TSX: QTRH, OTCQX: QTRHF) has declared a quarterly dividend of $0.0125 per common share, payable on April 8, 2022. Shareholders of record will be determined at the close of business on March 18, 2022. Quarterhill focuses on providing tolling and enforcement solutions in the Intelligent Transportation System (ITS) sector and aims for global leadership through organic growth and strategic acquisitions in ITS and related markets.
Quarterhill Inc. (OTCQX: QTRHF) has announced that its auditor, Ernst & Young LLP, has requested additional time to complete the audit of its financial statements for the year ended December 31, 2021, due to staffing issues. Consequently, the company will now release its financial results on March 22, 2022. A conference call will follow at 10:00 a.m. ET the same day. Quarterhill aims for growth in the Intelligent Transportation System sector through strategic acquisitions and development of its subsidiaries, including Wi-LAN Inc.
Quarterhill Inc. (TSX: QTRH; OTCQX: QTRHF) has announced the hiring of Stout as a financial advisor for its WiLAN strategic review process, initiated on December 15, 2021. Stout, a global investment bank with extensive experience in intellectual property transactions, will assist in evaluating strategic alternatives for WiLAN, including potential asset sales, acquisitions, and changes to corporate structure. This review aims to enhance WiLAN's operational model, but there are no guarantees of completing any transaction.
International Road Dynamics Inc. (IRD), a subsidiary of Quarterhill (QTRHF), has secured a four-year Quantity Purchase Agreement with the Indiana Department of Transportation (INDOT) valued at over $5.5 million. This agreement allows for unlimited Quantity Purchase Awards and covers the provision of electronic equipment, software, and services to enhance existing Weigh-in-Motion (WIM) systems. IRD aims to deliver high-accuracy traffic data to support planning and compliance for INDOT. The partnership reinforces IRD's commitment to expanding its service offerings in the Intelligent Transportation Systems sector.
Quarterhill Inc. (TSX: QTRH, OTCQX: QTRHF) appointed Mr. Rusty Lewis to its Board of Directors on March 3, 2022. With extensive experience in the Intelligent Transportation Systems (ITS) sector, Lewis is expected to guide the company through its transformation into a pure-play ITS business. He previously led Syntonic Technology, which became Transcore, and held senior positions at various notable firms. The company anticipates additional board changes at the annual shareholder meeting scheduled for April 21, 2022.
Quarterhill Inc. (TSX: QTRH; OTCQX: QTRHF) will announce its financial results for Q4 and the fiscal year 2021 on March 10, 2022. The announcement will follow a conference call at 10:00 a.m. ET, hosted by President and CEO Bret Kidd and Interim CFO Steve Thompson. Investors can access the live webcast through a specified link and dial in using provided numbers for Canada, U.S., and international locations.
Quarterhill aims to secure leadership in the Intelligent Transportation System (ITS) market through strategic acquisitions and organic growth.
Quarterhill Inc. (TSX: QTRH, OTCQX: QTRHF) announced a contract with the Alameda County Transportation Commission for Electronic Transaction Consultants (ETC) to implement an interim electronic toll collection system on the I-680 Express Lanes in California. Valued at approximately US$4 million, the two-year contract aims to quickly enable revenue service. ETC will utilize its riteSuite™ technology, which includes advanced analytics and AI-based systems, to enhance traffic flow and generate revenue for mobility initiatives.
The United States Court of Appeals for the Federal Circuit (CAFC) ruled favorably for Wi-LAN Inc., a subsidiary of Quarterhill (TSX: QTRH, OTCQX: QTRHF), regarding its patent infringement case against Apple. The CAFC confirmed that Apple infringes Wi-LAN's patents and is liable for damages. Additionally, the CAFC reversed a District Court's ruling that excluded Intel-based Apple products from damages calculations, allowing for their inclusion. The case has been remanded for a new trial to determine the amount of damages owed by Apple.
Quarterhill announced that the Orange County Transportation Authority awarded WSP USA a contract for the I-405 Express Lanes project, with Electronic Transaction Consultants (ETC), a subsidiary of Quarterhill, as a major subcontractor. Valued at US$49.3 million for an initial term of up to nine years, the contract includes options to extend. ETC will implement a comprehensive Back Office System to enhance customer service and streamline operations for the express lanes. The project aims to improve tolling management and customer interactions, with completion expected in 2023.
FAQ
What is the current stock price of QUARTERHILL (QTRHF)?
What is the market cap of QUARTERHILL (QTRHF)?
What does Quarterhill Inc. specialize in?
What are the segments of Quarterhill Inc.'s technology licensing business?
What solutions are offered by Quarterhill Inc.'s intelligent systems segment?
What is Quarterhill Inc.'s goal?
