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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

Comment by cabbieJBJon Mar 27, 2024 4:44pm
88 Views
Post# 35956525

RE:Congestion tolls New York.

RE:Congestion tolls New York. Thanks for posting this timclarkes.  Definitely, congestion pricing opportunities should be on QTRH's radar in the future.

The NYC award you posted, which went to TransCore, predated the acquisition of ETC by QTRH in 2021, although ETC was reportedly a bidder or at least a party submitting on the Request for Technology in early 2019.  The word on the street was that the MTA was very impressed with ETC's technology and its capabilities, but ETC was not reasonably in a position to win the bid, from the perspectives of ownership at the time (in or transitioning from Atlantia to Align Capital private equity) and financial resources and possibly more.

Despite the court, community groups and political challenges to implementation of congestion pricing in NYC, it is now ready to go. 

There is a fairly broad consensus that more major USA metropolitan areas will consider this type of policy direction in the future.  It's reasonable to expect that QTRH will be at the front of the line on those bids.  Due to the importance of accuracy, Red Fox's classification technology definitely plays on congestion pricing opportunities for QTRH, as does weigh-in-motion technology from the team at IRD.

So timclarkes, I'm with you on getting congestion pricing business.  While it won't be from this NYC program, congestion pricing is another reason why the long term ITS landscape is so fertile.  All levels of government need money and user-pay and climate provide ready made, publically acceptable rationales.
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