Quarterhill Inc T.QTRH

New Press Release - Electronic Transaction Consultants and Central Texas Regional Mobility Authority Launch New Toll Service

ETC is the new toll collection system provider on State Highway 71 in Austin, Texas.This is the first of six toll road projects that will adopt ETC's toll collection system in the Greater Austin area. TORONTO, Oct. 11, 2023 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX...read article.

[wanttoknowwhy]

So the two projects that worth each about $100 M (Central Texas Reginal Mobility and Ohio River Bridges) now have transition from implementation to operations as as expected (2023 Annual Meeting) ? Great news

[cabbieJBJ]

wanttoknowwhy, you are being modest on the contract values: Ohio River Bridges is a joint venture with WSP-USA valued at an estimated USD $80M.  It was awarded in SEP-2021 and covers 10 years with two three-year extensions.  CAD value is CAD $109M CTRMA covers six tolling installations (completion of one announced this AM) with a value of USD $73M.  This contract was announced in

[cabbieJBJ]

OOPS! sorry wanttoknowwhy, I read over your post that each contract was ~$100M. ...but, this is where the real money is: ETC's experience with change orders prior to the acquisition by QTRH indicated that such change orders, over the term of current contracts, represented ~7.5x the original award's value.  At 7.5x, these two contracts have an estimated lifetime value of USD $1