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Quarterhill Inc T.QTRH

Alternate Symbol(s):  T.QTRH.DB | QTRHF

Quarterhill Inc. is a Canada-based company, which is engaged in providing tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry. The Company provides end-to-end mobility systems to some of the tolling authorities in the United States, including in Texas, California and Illinois through Electronic Transaction Consultants, LLC (ETC). ETC’s core products comprise the riteSuite platform, a scalable and customizable cloud-based tolling and mobility solution. The platform has applications for the roadside and back office, with strengths in vehicle identification, tracking, dynamic pricing and interoperability amongst agencies. The Company’s wholly owned subsidiary is International Road Dynamics Inc. (IRD), is a multi-discipline, technology company and provider of Intelligent Transportation Systems. It provides integrate ITS technologies into systems designed to solve and challenging transportation problems.


TSX:QTRH - Post by User

Post by wanttoknowwhyon Sep 04, 2022 11:57am
339 Views
Post# 34940792

Future-Proofing Tolling

Future-Proofing Tolling

Most of the tolling systems currently available are marketed as “innovative,” although the rate of innovation in the industry over the past 20 years has been generally paced to minimally satisfy changing agency requirements, without with the major updates that reflect revolutionary changes in the broader technology landscape. Our competitors have been adding new features and interfaces to their solutions and updating the next-version software infrastructure but are not changing their design foundation.

As a result, most tolling integrators still conserve the classical “enterprise application” schema: a central relational database, data processing jobs, and web servers to provide the user interface. This basic design has been working for decades, and the contractors’ comfort in stability outweighs agencies’ desire for efficiency and true future-proofing.

In the meantime, the “Big Tech” companies have long ago moved on from this architectural design, because it is costly and limited in scalability, data processing capability, and adaptability to the new market demands. In the last 10 years, mainstream consumer data companies such as Google, LinkedIn, Amazon, and Yahoo have invested in a completely new design approach and the software technologies to support it. Once these technologies became available as open source, the combined forces of the development community generated related software components, thereby triggering broad mainstream adoption. The adoption of these mainstream technologies – real-time event streaming, COTS and open-source, cloud and edge computing and the Internet of Things (IoT) – puts tolling agencies on the same technology “playing field” as most of the Fortune 500 companies in the IT, financial, manufacturing, and service sectors. In other words, open-source and COTS are the only path towards tolling agencies’ technology relevance for years and even decades to come.

https://etcc.com/future-proofing-tolling/

- lots of opportnities ahead ..

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