Quarterhill Inc T.QTRH

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

Technology Communication Equipment

Quarterhill Inc. is a Canada-based company, which is engaged in providing of tolling and enforcement solutions in the intelligent transportation system (ITS) industry. The Company is focused on the acquisition, management and growth of companies that provide integrated, tolling and mobility systems and solutions to the ITS industry as well as its adjacent markets. The Company’s solutions include congestion charging, performance management, insights & analytics, analytics, toll interoperability, mobility marketplace, maintenance, e-screening, tire anomaly detection, multi-modal data, intersection management, and others. Its tolling includes roadside technologies, commerce and mobility platforms, audit and enforcement, and tolling services. Its safety and enforcement comprise commercial vehicles, automated enforcement, freight mobility, smart transportation, and data solutions. The Company’s wholly owned subsidiary is International Road Dynamics Inc.

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Quarterhill Inc

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Post by 100millon Jan 31, 2022 7:20am

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Post# 34377489

From Seeking Alpha: ETC, to deliver back office system

Quarterhill subsidiary ETC, to delivery back office system for express lanes in Orange County; CFO departs

Jan. 31, 2022 6:42 AM ETQuarterhill Inc. (QTRHF)By: Khyathi Dalal, SA News Editor

Quarterhill (OTCQX:QTRHF) announced that Orange County Transportation Authority signed a contract awarding Back Office System and Customer Service Center Operations Services for the 405 Express Lanes in Orange County to WSP USA.
A Quarterhill company, Electronic Transaction Consultants (ETC) is a major subcontractor to WSP USA on this project.
The subcontract, valued at $49.3M, is for the initial term of up to 9 years, with options to extend it by up to 5 years.
As a major subcontractor on this project, ETC will provide the tolling application of the Back Office System and related maintenance and services during operations.
It will also oversee subcontractors performing other operations and services, such as lockbox, mailing and printing, merchant services, and more.
The project is scheduled for completion in 2023.
Separately, Quarterhill board CFO John Rim is leaving the company to pursue other interests; it is engaging an executive search firm to recruit a new CFO and Mr. Rim has agreed to help support an orderly transition.
Stephen Thompson, SVP Finance at Quarterhill subsidiary, Wi-LAN, has been named interim CFO.