Quarterhill Inc (QTRH)

Quarterhill to Acquire Conduent Tolling Solutions BusinessJune 30, 2026 7:00 AM
PR Newswire (US) TORONTO, June 30, 2026 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a leading technology innovator providing next-generation, AI-driven Intelligent Transportation System ("ITS") solutions, today announced that it has entered into a definitive asset purchase agreement (the "Agreement") to acquire substantially all of the assets (the "Transaction") of the tolling solutions business of Conduent Business Services, LLC and certain of its affiliates (collectively, "Conduent", and Conduent's tolling business, the "Business"). The Transaction is expected to approximately triple Quarterhill's tolling revenue upon closing and create a leading tolling platform with greater scale, long-term backlog visibility and enhanced capabilities across electronic tolling, back-office operations and roadside systems. All dollar figures included herein are presented in United States dollars, unless otherwise noted.Upon closing of the Transaction, Quarterhill and the Business are expected to have approximately $2 billion of combined backlog1, providing strong visibility into future contracted revenue. On a pro-forma combined basis after planned synergies, the combined business would have generated more than $400 million of revenue annually with an adjusted EBITDA margin between 10% and 15%.2"This is a transformational transaction for Quarterhill, and one the Board enthusiastically supports," said Rusty Lewis, Chairman of Quarterhill's Board. "Conduent's tolling solutions business brings scale, long-term agency relationships, proven technology capabilities and deep tolling expertise in a core market. The Board has full confidence in the management team to bring these businesses together, and we believe the combined platform will be better positioned to serve transportation agencies, expand profitability and create sustainable, long-term value for shareholders.""This acquisition materially advances our strategy to build a larger, more focused and more profitable ITS platform," said Chuck Myers, CEO of Quarterhill. "With greater scale, enhanced backlog visibility and meaningful Adjusted EBITDA3 contribution after anticipated day-one synergies, we believe Quarterhill will have a stronger foundation for long-term growth."The Conduent Tolling Business provides end-to-end tolling solutions for government transportation agencies primarily across the United States and the United Kingdom, including electronic toll collection, Open Road Tolling, All Electronic Tolling, vehicle detection and classification, automated license plate recognition, payment processing, customer care, invoicing, video processing, analytics, and related back-office and roadside functions. Quarterhill expects to work closely with Conduent to support a smooth transition for customers and employees following closing.______________________________1See Non-IFRS Financial Measures section below.2See Non-IFRS Financial Measures section below.3See Non-IFRS Financial Measures section below.Transaction Details
Under the terms of the Agreement, Quarterhill and certain of its affiliates will acquire substantially all of the assets, and assume certain liabilities, of the Business for aggregate consideration consisting of (i) $70.0 million in cash, subject to customary adjustments, plus (ii) common shares in the capital of Quarterhill (the "Shares") representing 7.0% of the issued and outstanding Shares on closing of the Transaction. The Company expects to fund the cash portion of the consideration through debt.As a condition to the closing of the Transaction, Quarterhill and Conduent will enter into a customary registration rights agreement pursuant to which, among other things, the Shares issued as consideration in connection with the Transaction will be subject to a 6 month contractual lock-up for the first 50% of such Shares and a 12 month lock-up for the remaining 50% of such Shares, subject to customary exceptions, and Conduent will be granted certain registration rights with respect to such Shares for so long as the Company Group beneficially owns, or exercises control or direction over, at least four percent of Quarterhill's then-outstanding common shares . The Shares will also be subject to any applicable resale restrictions under Canadian securities laws and the rules of the Toronto Stock Exchange (the "TSX").Completion of the Transaction is subject to a number of closing conditions customary for a transaction of this nature, including TSX approval, and the satisfaction of other customary conditions precedent. The Transaction is expected to close in Q4 of 2026. There can be no assurance that the Transaction will be completed on the terms described herein or at all.Advisors
AlixPartners is acting as financial advisor to Quarterhill in connection with the Transaction, DLA Piper US LLP and DLA Piper (Canada) LLP are acting as legal advisors to Quarterhill. Jefferies Group LLC is acting as financial advisor to Conduent in connection with the Transaction.About Quarterhill
Quarterhill is a global leader in the Intelligent Transportation System (ITS) industry, advancing mobility through smart infrastructure solutions that reduce congestion, improve roadway safety, and create more sustainable travel. Each year, Quarterhill's platforms process billions of transactions, perform compliance and safety inspections on millions of commercial vehicles, and enable transportation agencies worldwide to optimize thousands of lanes of traffic to improve travel for everyone. Leveraging advanced artificial intelligence and machine learning technologies, Quarterhill's platform delivers automation and predictive insight to help agencies manage transportation networks more efficiently. By working in close partnership with governments, communities, and industry leaders, Quarterhill is building today's connected roadways while shaping the next generation of intelligent, resilient mobility. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information, please visit: www.quarterhill.comForward-looking Information
This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements relate to future events, conditions or future financial performance of Quarterhill based on future economic conditions and courses of action. All statements other than statements of historical fact may be forward-looking statements. Such forward-looking statements are often, but not always, identified by the use of any words such as "seek", "anticipate", "budget", "plan", "goal", "expect", "believe" and similar expressions. In particular, this news release contains forward-looking statements pertaining to, but not limited to, the following: completion of the Transaction and the terms thereof; the expected financing sources for the Transaction; expectations on the impact of the Transaction on the Company's revenue base and backlog; pro-forma combined financial information of the Company and Business on closing of the Transaction; statements with respect to the Company's integration plans with respect to the Business and Conduent; the expected closing of the Transaction and the timing thereof; Transaction benefits to the Company and its customers and shareholders, expectations, synergies, strategic goals, results of operations, impacts on revenue and adjusted EBITDA, performance, industry trends and growth opportunities; and the Company's strategic direction.Although the forward-looking statements contained in this news release are based upon assumptions which management of the Company believes to be reasonable, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. With respect to forward looking statements contained in this news release, the Company has made assumptions regarding, but not limited to: the receipt and timing of obtaining regulatory and third party approvals for the Transaction; assumptions around the calculation of backlog, including contractual extensions, terms and execution; the Company's ability to execute on its business plan and to achieve the anticipated benefits and synergies from the Transaction; successful integration of the Business following closing of the Transaction; that the Company will be able to access capital, including debt, on acceptable terms; general economic and industry trends; operating assumptions relating to the Company's operations; demand for the Company's products and services; cost estimates for fixed price contracts; successful contract negotiation; and the other assumptions set forth in the Company's most recent annual information form available under the Company's profile on SEDAR+ at www.sedarplus.ca.The Company's actual results could differ materially from those anticipated in the forward-looking statements, as a result of numerous known and unknown risks and uncertainties and other factors including, but not limited to: the risk that the Transaction may not be completed as expected or at all; timing and receipt of applicable regulatory approvals for the Transaction; the expected benefits of the Transaction and additional revenues or synergies may not materialize; inability of the Company to obtain sufficient financing for the completion of the Transaction; unexpected costs or liabilities related to the Transaction; general economic, political, market and business conditions, including fluctuations in interest rates, foreign exchange rates, stock market volatility; reliance on key management personnel; risks related to competition within the Company's industry and relating to technological advances; litigation risks; cyber-security risks; fixed price contracts may result in unexpected costs to the Company; and the other risks set forth in the Company's most recent annual information form and management's discussion and analysis for the three and twelve months ended December 31, 2025 available under the Company's profile on SEDAR+ at http://www.sedarplus.ca.The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom. Readers are cautioned that the foregoing lists of important factors are not exhaustive, and they should not unduly rely on the forward-looking statements included in this news release. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.This news release contains future-oriented financial information and financial outlook information (collectively, "FOFI") about the Company's prospective backlog, revenue and Adjusted EBITDA, all of which are subject to the same assumptions, risk factors, limitations, and qualifications as set forth in the above paragraphs. FOFI contained in this news release was made as of the date of this news release and was provided for the purpose of describing the anticipated effects of the Transaction on the Company's business operations. Quarterhill's actual results, performance or achievement could differ materially from those expressed in, or implied by, such FOFI. The Company disclaims any intention or obligation to update or revise any FOFI contained in this news release, whether as a result of new information, future events or otherwise, unless required pursuant to applicable law. Readers are cautioned that the FOFI contained in this news release should not be used for purposes other than for which it is disclosed herein.Non-IFRS Financial Measures
This news release contains financial measures, including "backlog" and "Adjusted EBITDA". These financial measures do not have any standardized meaning under International Financial Reporting Standards ("IFRS") ?and therefore may not be comparable to similar measures presented by other companies. Readers are cautioned that these ?non-IFRS measures should not be construed as an alternative to other measures of financial performance calculated in ?accordance with IFRS. These non-IFRS measures provide additional information that the Company's management believes is meaningful ?in describing the Company's operational performance, liquidity and capacity to fund capital expenditures and other ?activities. Management of the Company believes that the presentation of these non-IFRS measures provide useful information to investors ?and shareholders as the measures provide increased transparency and the ability to better analyze performance against ?prior periods on a comparable basis.Pro Forma InformationCertain information in this news release, including combined revenue and Adjusted EBITDA, is presented on a "pro forma" basis, giving effect to the Transaction as if completed at the beginning of the applicable period, including certain anticipated synergies and adjustments. It is presented for illustrative purposes only, is based on assumptions and estimates management believes reasonable, is not prepared in accordance with IFRS, and has not been audited or reviewed by the Company's auditors. Anticipated synergies are management estimates and may not be realized as expected, or at all. This information is not indicative of the results the Company would have reported had the Transaction been completed as of the dates indicated, nor of future results, and readers should not place undue reliance on it.Adjusted EBITDA MarginWe use the non-IFRS financial measure "Adjusted EBITDA margin" to mean net income (loss) adjusted for (i) income taxes; (ii) finance expense or income; (iii) amortization and impairment of intangibles; (iv) impairment of goodwill; (v) other charges and other one-time items; (vi) depreciation of right-of-use assets and property, plant and equipment; (vii) stock-based compensation; (viii) foreign exchange (gain) loss; (ix) other income which includes equity in earnings from joint ventures; and (x) changes in fair value of derivative liability as a percentage of revenue. Adjusted EBITDA margin is a non-IFRS ratio, calculated as Adjusted EBITDA divided by revenue. The most directly ?comparable IFRS measure to Adjusted EBITDA is net income (loss). ?BacklogWe use the non-IFRS measure "backlog" to represent the total value of contracted work that has not yet been completed, including projects with a high degree of certainty under existing contracts, expected contract extensions, or awards where final contract execution is reasonably assured.  View original content:https://www.prnewswire.com/news-releases/quarterhill-to-acquire-conduent-tolling-solutions-business-302814102.htmlSOURCE Quarterhill Inc. Original: Quarterhill to Acquire Conduent Tolling Solutions Business

Quarterhill and IDOT Partner to Advance Traffic Data and Intelligent Transportation Infrastructure Across IllinoisJune 22, 2026 7:00 AM
PR Newswire (US) Multi-year collaboration supports smarter transportation planning, improved mobility insights, and long-term infrastructure modernization across the Chicago regionTORONTO, June 22, 2026 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a leading global provider of intelligent transportation system ("ITS") solutions, has entered into a long-term partnership with the Illinois Department of Transportation ("IDOT") to install and maintain traffic data collection sites across District 1, covering northeastern Illinois and including the Chicago metro area.Valued at approximately $2.5 million over an initial three-year term with an optional annual extension for up to 10 years, Quarterhill's market-leading technology will support IDOT's ability to maintain and expand its traffic monitoring infrastructure across state-maintained roadways while helping strengthen the data foundation behind safer, more efficient transportation planning and roadway operations across the region.Under the agreement, Quarterhill will work closely with IDOT to install new Continuous Count Sites ("CCS") and maintain existing locations, helping ensure traffic data remains accurate, consistent, and available for IDOT's day-to-day operations and long-term planning. CCS sites collect year-round data on traffic volume and vehicle types across Illinois roadways, which is used to design roads, manage pavement and bridges, analyze freight and passenger movement, improve safety, and plan future infrastructure investments. Quarterhill's technology helps ensure this data can be reliably used across planning, engineering, and policy decisions, transforming roadway data into actionable intelligence that helps shape the future of mobility and infrastructure investment across Illinois."The future of roadway planning will be driven by reliable, data-informed transportation systems," said Chuck Myers, CEO of Quarterhill. "Our partnership with IDOT ensures that Illinois has effective traffic data to better support decisions around safety, infrastructure, and overall system performance, supporting a more connected and responsive transportation network for drivers and communities across the state. Furthermore, this contract underscores the momentum Quarterhill is building as it capitalizes on a sustained, multi-year global transportation modernization cycle."By maintaining CCS infrastructure and supporting consistent data output, IDOT strengthens its ability to integrate traffic information into its reporting and decision-making tools. These capabilities help transportation agencies better understand traffic patterns, manage infrastructure more proactively, and plan investments with greater confidence as transportation demands continue to evolve across the region.This award builds on Quarterhill's growing presence in Illinois, following its previously announced work with the Illinois State Toll Highway Authority (Illinois Tollway), and reflects the Company's growing portfolio of long-term relationships with transportation agencies across North America. In 2026 alone, the company has announced contracts with agencies in Indiana, California, New Jersey, and Massachusetts.About QuarterhillQuarterhill is a global leader in the Intelligent Transportation System (ITS) industry, advancing mobility through smart infrastructure solutions that reduce congestion, improve roadway safety, and create more sustainable travel. Each year, Quarterhill's platforms process billions of transactions, perform compliance and safety inspections on millions of commercial vehicles, and enable transportation agencies worldwide to optimize thousands of lanes of traffic to improve travel for everyone. Leveraging advanced artificial intelligence and machine learning technologies, Quarterhill's platform delivers automation and predictive insight to help agencies manage transportation networks more efficiently. By working in close partnership with governments, communities, and industry leaders, Quarterhill is building today's connected roadways while shaping the next generation of intelligent, resilient mobility. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information, please visit: www.quarterhill.comForward-looking InformationThis news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such forward-looking statements relate to future events, conditions or future financial performance of ?Quarterhill based on future economic conditions and courses of action. All statements other ?than statements of historical fact may be forward-looking statements. Such forward-looking statements ?are often, but not always, identified by the use of any words such as "seek", "anticipate", "budget", ??"plan", "goal", "expect" and similar expressions.Forward-looking statements involve known and unknown risks, assumptions, ?uncertainties and other factors that may cause actual results or events to differ materially from those ?anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for Quarterhill's products and services; general economic and market conditions; competition; risks relating to technological advances and cyber-security; and other risks set forth in the Company's most recent annual information form available on SEDAR+ at www.sedarplus.ca. The Company believes the expectations reflected in ?the forward-looking statements are reasonable, but no assurance can be given that these expectations ?will prove to be correct and such forward-looking statements included in this news release should not be ?unduly relied upon.? Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: Quarterhill's ability to execute on its business plan; demand for Quarterhill's products and services; operating assumptions; and financial projections and cost estimates. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. View original content:https://www.prnewswire.com/news-releases/quarterhill-and-idot-partner-to-advance-traffic-data-and-intelligent-transportation-infrastructure-across-illinois-302805848.htmlSOURCE Quarterhill Inc. Original: Quarterhill and IDOT Partner to Advance Traffic Data and Intelligent Transportation Infrastructure Across Illinois

Quarterhill Announces Results from its Annual General and Special Meeting of ShareholdersMay 26, 2026 6:00 PM
PR Newswire (Canada) TORONTO, May 26, 2026 /CNW/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a leading technology innovator providing next-generation, AI-driven Intelligent Transportation System ("ITS") solutions, announces results from its Annual General and Special Meeting of shareholders (the "Meeting") that was held today, May 26, 2026, at 10:00 a.m. (Eastern Daylight Time).At the Meeting, Quarterhill shareholders (present in person or by proxy) voted on the following, full details of which are set out in Quarterhill's April 16, 2026, Notice of Meeting and Management Information Circular issued in connection with the Meeting1. The fixing of the number of directors at seven (7), which was approved by shareholders as follows:Votes For% Votes ForVotes Against% Votes Against35,886,97391.90 %3,161,7638.10 %2. The election of the following nominees to Quarterhill's Board of Directors, which was approved by shareholders as follows:
Votes For% Votes ForVotes Against% Votes AgainstRobin Saunders30,419,87481.06 %7,108,85418.94 %Stephen A. Smith34,832,84292.82 %2,695,8867.18 %Rusty Lewis34,826,10092.80 %2,702,6287.20 %Pasquale T. (Pat) Deon, Sr. 30,416,80781.05 %7,111,92118.95 %Asha Daniere30,407,08581.02 %7,121,64318.98 %Chuck Myers34,830,76992.81 %2,697,9597.19 %Burland East34,239,94691.24 %3,288,7828.76 %3. Ordinary resolution appointing Ernst & Young Canada LLP as Quarterhill's auditors to hold office until the next annual meeting of Quarterhill's shareholders and authorizing the Company's Board of Directors to fix their remuneration, which was approved by shareholders as follows:Votes For% Votes ForVotes Withheld% Votes Withheld38,654,75198.99 %393,9851.01 %4. Ordinary resolution to approve, adopt and ratify an amendment to the Company's 2018 Equity Incentive Plan, which was approved by shareholders as follows:Votes For% Votes ForVotes Against% Votes Against27,017,10671.99 %10,511,62228.01 %About QuarterhillQuarterhill is a global leader in the Intelligent Transportation System (ITS) industry, advancing mobility through smart infrastructure solutions that reduce congestion, improve roadway safety, and create more sustainable travel. Each year, Quarterhill's platforms process billions of transactions, perform compliance and safety inspections on millions of commercial vehicles, and enable transportation agencies worldwide to optimize thousands of lanes of traffic to improve travel for everyone. Leveraging advanced artificial intelligence and machine learning technologies, Quarterhill's platform delivers automation and predictive insight to help agencies manage transportation networks more efficiently. By working in close partnership with governments, communities, and industry leaders, Quarterhill is building today's connected roadways while shaping the next generation of intelligent, resilient mobility. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: www.quarterhill.com. View original content:https://www.prnewswire.com/news-releases/quarterhill-announces-results-from-its-annual-general-and-special-meeting-of-shareholders-302782350.htmlSOURCE Quarterhill Inc. Original: Quarterhill Announces Results from its Annual General and Special Meeting of Shareholders

Quarterhill Selected by Utah Department of Transportation to Deploy Advanced Tolling Back-Office Platform in I-15 Express LanesMay 26, 2026 7:00 AM
PR Newswire (Canada) $6.3M contract expands Quarterhill's deployment of its back-office solution for tolling agenciesTORONTO, May 26, 2026 /CNW/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a leading global provider of intelligent transportation system ("ITS") solutions, has been selected by the Utah Department of Transportation ("UDOT") to deploy its tolling back-office and customer service platform across the I-15 Express Lanes network under a $6.3 million contract.UDOT will operate on Quarterhill's advanced, modular back-office solution that automatically routes, assigns, and resolves transactions, surfacing exceptions before they escalate. The platform integrates natively with enterprise resource planning, customer service, and operational systems agencies already run. For UDOT, it replaces the patchwork of dashboards and manual workflows that have historically defined back-office tolling, delivering a unified, auditable, real-time operational view.The five-year contract includes five optional one-year extensions and covers transaction processing, account management, customer service center operations, and full support for the UDOT Express Lanes program."Tolling back-office systems have lagged behind the rest of the transportation stack for too long. Agencies have been forced to operate across disconnected tools with limited visibility and slow change cycles," said Chuck Myers, CEO of Quarterhill. "What we're bringing to UDOT is fundamentally different: a solution where rules, roles, and workflows live in one place, exceptions are caught automatically, and every action is traceable. UDOT will be able to adapt the system as their program evolves, without downtime, without rebuilds, and without losing the customer experience drivers expect."UDOT's Express Lanes system spans approximately 82 miles in each direction across 77 tolling locations. In fiscal year 2025, the system recorded approximately 1.63 million trips, generated $2.75 million in revenue, and currently serves nearly 30,000 active transponders across 20,000 customer accounts. The new platform is designed to scale with that volume and to give UDOT direct control over how rules and workflows evolve as the program grows.Following a competitive procurement process, Quarterhill was selected for the project, which will allow Quarterhill to leverage its technical expertise and proven delivery capabilities. The award reinforces the Company's strategy of investing in automation across its ITS portfolio and positioning its back-office technology as a proven offering for transportation agencies modernizing tolling operations.About QuarterhillQuarterhill is a global leader in the Intelligent Transportation System (ITS) industry, advancing mobility through smart infrastructure solutions that reduce congestion, improve roadway safety, and create more sustainable travel. Each year, Quarterhill's platforms process billions of transactions, perform compliance and safety inspections on millions of commercial vehicles, and enable transportation agencies worldwide to optimize thousands of lanes of traffic to improve travel for everyone. Leveraging advanced artificial intelligence and machine learning technologies, Quarterhill's platform delivers automation and predictive insight to help agencies manage transportation networks more efficiently. By working in close partnership with governments, communities, and industry leaders, Quarterhill is building today's connected roadways while shaping the next generation of intelligent, resilient mobility. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information, please visit: www.quarterhill.comForward-looking InformationThis news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such forward-looking statements relate to future events, conditions or future financial performance of ?Quarterhill based on future economic conditions and courses of action. All statements other ?than statements of historical fact may be forward-looking statements. Such forward-looking statements ?are often, but not always, identified by the use of any words such as "seek", "anticipate", "budget", ??"plan", "goal", "expect" and similar expressions. In particular, this release includes the following forward-looking statements, among others: term of the contract; and details of Quarterhill's business plans as they relate to the project, and the outcomes of same.Forward-looking statements involve known and unknown risks, assumptions, ?uncertainties and other factors that may cause actual results or events to differ materially from those ?anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for Quarterhill's products and services; general economic and market conditions; competition; risks relating to technological advances and cyber-security; and other risks set forth in the Company's most recent annual information form available on SEDAR+ at www.sedarplus.ca. The Company believes the expectations reflected in ?the forward-looking statements are reasonable, but no assurance can be given that these expectations ?will prove to be correct and such forward-looking statements included in this news release should not be ?unduly relied upon.? Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: Quarterhill's ability to execute on its business plan; demand for Quarterhill's products and services; operating assumptions; and financial projections and cost estimates. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. View original content:https://www.prnewswire.com/news-releases/quarterhill-selected-by-utah-department-of-transportation-to-deploy-advanced-tolling-back-office-platform-in-i-15-express-lanes-302780555.htmlSOURCE Quarterhill Inc. Original: Quarterhill Selected by Utah Department of Transportation to Deploy Advanced Tolling Back-Office Platform in I-15 Express Lanes

Quarterhill to Host Virtual Annual and Special Meeting of Shareholders on May 26, 2026May 20, 2026 8:21 PM
PR Newswire (US) TORONTO, May 20, 2026 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a leading global provider of intelligent transportation system ("ITS") solutions, announces details of its upcoming Annual and Special Meeting of shareholders ("Meeting") to be held virtually on Tuesday, May 26, 2026, at 10:00 a.m. (Eastern time).At the Meeting, registered shareholders and duly appointed proxyholders will have an opportunity to participate, ask questions and vote in real time provided they comply with the applicable procedures set out in Quarterhill's Management Information Circular dated April 16, 2026 (the "Circular").SEVEN NOMINEES STAND FOR ELECTION TO THE BOARD OF DIRECTORSSix current directors – Rusty Lewis, Chuck Myers, Asha Daniere, Pasquale T. (Pat) Deon, Robin Saunders and Stephen A. Smith – are standing for re-election to the Board of Directors (the "Board"), along with Burland East, who joined the Board effective January 1, 2026. Full details regarding all nominees can be found in the Circular.TO VOTE AHEAD OF THE VIRTUAL MEETINGQuarterhill is using "notice and access" to deliver proxy-related materials including Quarterhill's notice of meeting, Circular and related materials (collectively the "Meeting Materials") to both registered and non-registered shareholders. Shareholders will receive a notice package containing information on how to vote and access the Meeting Materials (the "Notice Package").The Notice Package is being mailed (or sent electronically) on or about April 16, 2026. If you have not received your copy of the Notice Package, please contact your broker if you are a non-registered shareholder or contact Computershare Investor Services Inc. ("Computershare") if you are a registered shareholder. These materials outline in detail how to participate and vote at the Meeting.The Meeting Materials are available at Quarterhill's profile on SEDAR+ at www.sedarplus.ca and under Governance Documents in the Investors Section of the Company's website at www.quarterhill.com.As in prior years, shareholders have multiple options to cast their vote ahead of the Meeting, including online, via telephone or via mail. Details on using each method are included in the Circular and the form of proxy (or voting instruction form). Shareholders who are planning to vote ahead of the Meeting must submit their proxy voting instructions to Computershare no later than 10:00 a.m. (Eastern time) on Friday, May 22, 2026.ATTENDING THE VIRTUAL MEETING AS A GUESTAll shareholders will be able to attend the Meeting as guests during the live webcast. To do so, log in online at: https://meetnow.global/MTUGKTM. Please log in prior to the start time of the Meeting on May 26, 2026, to ensure a proper connection.TO VOTE OR ASK QUESTIONS AT THE VIRTUAL MEETINGFor registered shareholders and duly appointed proxyholders to vote and/or ask questions at the Meeting, please follow the instructions set out in the Circular.All shareholders wishing to have a question addressed at the virtual Meeting can avoid the registration requirements set out in the Circular by submitting them in advance of the Meeting. Quarterhill is committed to addressing all appropriate questions submitted by shareholders either live during the Meeting or in advance, as timing and circumstances permit.About QuarterhillQuarterhill is a global leader in the Intelligent Transportation System (ITS) industry, advancing mobility through smart infrastructure solutions that reduce congestion, improve roadway safety, and create more sustainable travel. Each year, Quarterhill's platforms process billions of transactions, perform compliance and safety inspections on millions of commercial vehicles, and enable transportation agencies worldwide to optimize thousands of lanes of traffic to improve travel for everyone. Leveraging advanced artificial intelligence and machine learning technologies, Quarterhill's platform delivers automation and predictive insight to help agencies manage transportation networks more efficiently. By working in close partnership with governments, communities, and industry leaders, Quarterhill is building today's connected roadways while shaping the next generation of intelligent, resilient mobility. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information, please visit: www.quarterhill.comForward-looking InformationThis news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such forward-looking statements relate to future events, conditions or future financial performance of ?Quarterhill based on future economic conditions and courses of action. All statements other ?than statements of historical fact may be forward-looking statements. Such forward-looking statements ?are often, but not always, identified by the use of any words such as "seek", "anticipate", "budget", ??"plan", "goal", "expect" and similar expressions.Forward-looking statements involve known and unknown risks, assumptions, ?uncertainties and other factors that may cause actual results or events to differ materially from those ?anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for Quarterhill's products and services; general economic and market conditions; competition; risks relating to technological advances and cyber-security; and other risks set forth in the Company's most recent annual information form available on SEDAR+ at www.sedarplus.ca. The Company believes the expectations reflected in ?the forward-looking statements are reasonable, but no assurance can be given that these expectations ?will prove to be correct and such forward-looking statements included in this news release should not be ?unduly relied upon.? Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: Quarterhill's ability to execute on its business plan; demand for Quarterhill's products and services; operating assumptions; and financial projections and cost estimates. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. View original content:https://www.prnewswire.com/news-releases/quarterhill-to-host-virtual-annual-and-special-meeting-of-shareholders-on-may-26-2026-302778312.htmlSOURCE Quarterhill Inc. Original: Quarterhill to Host Virtual Annual and Special Meeting of Shareholders on May 26, 2026

Quarterhill Announces USD $60 Million Credit Facility and USD $100 Million Accordion to Strengthen Balance Sheet and Support Growth InitiativesMay 12, 2026 12:47 PM
PR Newswire (US) Facility positions Quarterhill for accelerated growth based on a strong capital foundationEnhanced financial flexibility unlocks opportunities to advance long-term strategyUSD-denominated structure reduces FX exposure and sharpens balance sheet efficiencyTORONTO, May 12, 2026 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a leading provider of tolling and enforcement solutions in the Intelligent Transportation System ("ITS") industry, announces that the Company has entered into a new $60 million senior secured credit facility with U.S. Private Credit Investments ("PCI"), a division of BTG Pactual Global Alternatives. All financial information in this press release is in United States ("US") dollars, unless otherwise indicated.The financing consists of a $30 million initial term loan facility (the "Initial Term Loan Facility"), a $25 million delayed draw term loan facility (the "DDTL Facility"), and a $5 million revolving credit facility (the "Revolving Credit Facility", and together with the Initial Term Loan Facility and the DDTL Facility, the "Facilities"). Proceeds from the Facilities will be used to repay obligations under the Company's existing credit agreement, redeem the Company's convertible debentures, pay transaction fees and expenses, and provide working capital. The Facilities have a maturity date of May 12, 2031. The Facilities are secured by certain assets of Quarterhill and Quarterhill is subject to customary financial and non-financial covenants under the agreement.To further support its long-term strategy, the Company has established an incremental $100 million uncommitted accordion, subject to lender agreement and satisfaction of usual and customary conditions. This is designed to fuel inorganic growth initiatives and allow the Company to act quickly on accretive M&A opportunities as they arise."This agreement reflects the successful execution of a deliberate plan to reposition this company for sustained growth," said Chuck Myers, Chief Executive Officer. "Roughly a year ago, we committed to three objectives: returning to profitability, strengthening the balance sheet, and unlocking the next phase of both organic and inorganic growth. This facility builds on our progress by further anchoring the balance sheet, mitigating foreign exchange exposure, and providing the capital flexibility to pursue accretive M&A."Just as meaningful as the capital itself are the partners behind it. We're fortunate to be working with a group that shares our conviction in Quarterhill, believes in the durability of our platform, and is energized by the long-term opportunity in our markets."Now, with the right capital and partners in place, we have everything we need to move forward with clarity and confidence. Quarterhill's best chapter is ahead, and we look forward to unlocking value with a leaner, better-capitalized, and more growth-oriented business."Thomas Steiglehner, Head of U.S. Private Credit Investments at BTG Pactual Global Alternatives, added, "we're excited to work with Quarterhill and provide the Company with a flexible, long-term source of capital to support its growth strategy. We partner with management teams that are building resilient, mission-critical businesses, and Quarterhill fits squarely within that focus."ATB Cormark Capital Markets and Roth Canada acted as exclusive advisors in connection with the arrangement of the credit facility.About Quarterhill
Quarterhill is a global leader in the Intelligent Transportation System (ITS) industry, advancing mobility through smart infrastructure solutions that reduce congestion, improve roadway safety, and create more sustainable travel. Each year, Quarterhill's platforms process billions of transactions, perform compliance and safety inspections on millions of commercial vehicles, and enable transportation agencies worldwide to optimize thousands of lanes of trac to improve travel for everyone. Leveraging advanced artificial intelligence and machine learning technologies, Quarterhill's platform delivers automation and predictive insight to help agencies manage transportation networks more efficiently. By working in close partnership with governments, communities, and industry leaders, Quarterhill is building today's connected roadways while shaping the next generation of intelligent, resilient mobility. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information:  www.quarterhill.com.About BTG Pactual Global Alternatives
Global Alternatives, a division of BTG Pactual, has ~$10.9 billion in AUM and invests in specialized alternatives across the U.S. and Latin America (as of December 2025).About U.S. Private Credit Investments
U.S. Private Credit Investments (PCI) is focused on sponsored and non-sponsored, privately-owned or publicly traded businesses valued between US$ 50M and US$ 2B. As principals, the team is experienced across the capital structure through all economic cycles offering financing solutions tailored to company needs, asset base and earnings trajectory. PCI's flexible mandate allows it to address client needs unpacking complexity and unlocking value with bespoke solutions to support refinancings, growth capital and companies in transition. These client needs are generally met through first lien term loans, unitranche, first-in, last-out, second lien term loans from ~US$ 10 million – US$ 200 million. PCI invests in a range of industries including, but not limited to, industrials, business services, healthcare (non-reimbursable), software and technology, distribution, consumer, and retail. Forward-looking Information
This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Forward-looking statements relate to future events, conditions or future financial performance of Quarterhill based on future economic conditions and courses of action. All statements other than statements of historical fact may be forward-looking statements. Such forward-looking statements are often, but not always, identified by the use of any words such as "seek", "anticipate", "budget", "plan", "goal", and similar expressions.  In particular, this news release contains forward-looking statements pertaining to, but not limited to, the following: the Company's use of proceeds from the facility; availability of the uncommitted incremental debt capacity under the Facilities; ability of the Company to act quickly on accretive M&A opportunities; positioning for accelerated growth based on capital foundation; financial flexibility unlocking opportunities to advance long-term strategy; enhanced balance sheet efficiency; and repayment of the Company's convertible debentures.Although the forward-looking statements contained in this news release are based upon assumptions which management of the Company believes to be reasonable, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. With respect to forward looking statements contained in this news release, the Company has made assumptions regarding, but not limited to: the Company's ability to execute on its business plan; successful integration of acquisitions; general economic and industry trends; operating assumptions relating to the Company's operations; demand for the Company's products and services; cost estimates for fixed price contracts; successful contract negotiation; and the other assumptions set forth in the Company's most recent annual information form available under the Company's profile on SEDAR+ at www.sedarplus.ca.The Company's actual results could differ materially from those anticipated in the forward-looking statements, as a result of numerous known and unknown risks and uncertainties and other factors including, but not limited to: changes in demand for the Company's products and services; general economic, political, market and business conditions, including fluctuations in interest rates, foreign exchange rates, stock market volatility; reliance on key management personnel; risks related to competition within the Company's industry and relating to technological advances; litigation risks; cyber-security risks; fixed price contracts may result in unexpected costs to the Company; and the other risks set forth in the Company's most recent annual information form and management's discussion and analysis for the three and twelve months ended December 31, 2025 available under the Company's profile on SEDAR+ at http://www.sedarplus.ca.The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom. Readers are cautioned that the foregoing lists of important factors are not exhaustive, and they should not unduly rely on the forward-looking statements included in this news release. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. View original content:https://www.prnewswire.com/news-releases/quarterhill-announces-usd-60-million-credit-facility-and-usd-100-million-accordion-to-strengthen-balance-sheet-and-support-growth-initiatives-302769889.htmlSOURCE Quarterhill Inc. Original: Quarterhill Announces USD $60 Million Credit Facility and USD $100 Million Accordion to Strengthen Balance Sheet and Support Growth Initiatives

Quarterhill and Indiana Department of Transportation Expand Partnership with $13 Million Weigh-in-Motion ProjectsApril 28, 2026 7:00 AM
PR Newswire (US)

Four-year agreements support statewide commercial vehicle monitoring and safety, infrastructure protection, and data-driven transportation planning through 2030TORONTO, April 28, 2026 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a leading global provider of intelligent transportation system ("ITS") solutions, announced the expansion of its longstanding partnership with the Indiana Department of Transportation ("INDOT") via two new Quantity Purchase Award ("QPA") agreements supporting the continued expansion, maintenance, and enhancement of INDOT's Weigh-in-Motion ("WIM") and Virtual Weigh-in-Motion ("VWIM") systems. These agreements build on Quarterhill's existing deployments across Indiana and reflect the next phase of the Company's work with INDOT.The QPA agreements, with a combined estimated value of $13 million, will run from May 1, 2026, through April 30, 2030, and provide INDOT with a flexible framework to deploy and scale commercial vehicle monitoring technologies across Indiana's highway network.Quarterhill will supply equipment, software, installation, maintenance, calibration, and system repairs for WIM and VWIM locations statewide. This includes ongoing support for previously deployed systems alongside new installations, enabling INDOT to expand its commercial vehicle data and screening programs over time."Indiana has established a proactive approach to commercial vehicle data collection and weight compliance, and these new projects will allow us to continue supporting the state's transportation initiatives," said Chuck Myers, CEO of Quarterhill. "With INDOT, we're focused on strengthening Indiana's transportation infrastructure with data-driven solutions that improve roadway safety, enable smarter infrastructure planning, and keep freight moving efficiently across the state."The WIM systems deliver high-accuracy vehicle weight and classification data used for transportation planning, pavement and bridge design, asset management, and freight analysis. This data helps agencies better understand roadway usage, save costs, protect critical infrastructure, improve safety, and plan for future demand. VWIM systems build on these capabilities by adding connectivity, image capture, and real-time access – helping agencies improve screening efficiency while allowing compliant trucks to move more efficiently through the network.As part of this contract framework, INDOT will also have access to Quarterhill's ITHEIA™ AI-powered, video-based Classification technology, which enables accurate vehicle classification using advanced computer vision and machine-learning algorithms without the need for traditional in-road sensors. This provides added flexibility in locations where in-road installations may be difficult or disruptive. When integrated with WIM and VWIM deployments, ITHEIA enhances data quality and system resilience, supporting reliable vehicle classification across a wider range of environments.About QuarterhillQuarterhill is a global leader in the Intelligent Transportation System (ITS) industry, advancing mobility through smart infrastructure solutions that reduce congestion, improve roadway safety, and create more sustainable travel. Each year, Quarterhill's platforms process billions of transactions, perform compliance and safety inspections on millions of commercial vehicles, and enable transportation agencies worldwide to optimize thousands of lanes of traffic to improve travel for everyone. Leveraging advanced artificial intelligence and machine learning technologies, Quarterhill's platform delivers automation and predictive insight to help agencies manage transportation networks more efficiently. By working in close partnership with governments, communities, and industry leaders, Quarterhill is building today's connected roadways while shaping the next generation of intelligent, resilient mobility. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information, please visit: www.quarterhill.comForward-looking InformationThis news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such forward-looking statements relate to future events, conditions or future financial performance of ?Quarterhill based on future economic conditions and courses of action. All statements other ?than statements of historical fact may be forward-looking statements. Such forward-looking statements ?are often, but not always, identified by the use of any words such as "seek", "anticipate", "budget", ??"plan", "goal", "expect" and similar expressions.Forward-looking statements involve known and unknown risks, assumptions, ?uncertainties and other factors that may cause actual results or events to differ materially from those ?anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for Quarterhill's products and services; general economic and market conditions; competition; risks relating to technological advances and cyber-security; and other risks set forth in the Company's most recent annual information form available on SEDAR+ at www.sedarplus.ca. The Company believes the expectations reflected in ?the forward-looking statements are reasonable, but no assurance can be given that these expectations ?will prove to be correct and such forward-looking statements included in this news release should not be ?unduly relied upon.? Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: Quarterhill's ability to execute on its business plan; demand for Quarterhill's products and services; operating assumptions; and financial projections and cost estimates. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.



View original content:https://www.prnewswire.com/news-releases/quarterhill-and-indiana-department-of-transportation-expand-partnership-with-13-million-weigh-in-motion-projects-302754916.htmlSOURCE Quarterhill Inc.

Original: Quarterhill and Indiana Department of Transportation Expand Partnership with $13 Million Weigh-in-Motion Projects

Quarterhill Partners with New Jersey Department of Transportation to Support Statewide Traffic Monitoring SystemsMarch 24, 2026 7:00 AM
PR Newswire (US)

Multi-year contract will help maintain and modernize New Jersey's network of weigh-in-motion and traffic volume systemsTORONTO, March 24, 2026 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a leading global provider of intelligent transportation system ("ITS") solutions, through its subsidiary International Road Dynamics, has partnered with the New Jersey Department of Transportation ("NJDOT") to provide maintenance and installation support for traffic monitoring systems across the state. The multi-year contract will support safe and reliable, data-driven transportation operations and long-term infrastructure support statewide.Under the partnership, Quarterhill will provide maintenance, inspection, repair, calibration, and installation oversight for New Jersey's network of Weigh-in-Motion ("WIM") stations and Traffic Volume System ("TVS") sites, helping ensure the reliable operation of traffic-monitoring infrastructure. NJDOT currently operates approximately 95 WIM sites and 50 TVS sites statewide, which play an important role in traffic monitoring, freight mobility, transportation planning, roadway-safety initiatives, and federal reporting requirements.Services under the contract include:Maintenance and calibration of statewide traffic-monitoring systemsRepairs and system upgrades to support reliable performanceSupport for traffic-data collection and reporting infrastructureInstallation oversight for monitoring equipment and sensors"We value our collaboration with NJDOT and the opportunity to continue supporting the systems that help monitor roadway activity across the state," said Chuck Myers, CEO of Quarterhill. "By working closely with transportation agencies such as NJDOT, we can help ensure traffic-monitoring infrastructure remains accurate, reliable, and ready to support planning, freight movement, and safety initiatives for years to come."As Quarterhill continues to broaden its SaaS portfolio across ITS applications, this collaboration positions the Company to support future system enhancements and evolving data-driven transportation programs in New Jersey.For more information, please visit Quarterhill.com.About QuarterhillQuarterhill is a global leader in the Intelligent Transportation System (ITS) industry, advancing mobility through smart infrastructure solutions that reduce congestion, improve roadway safety, and create more sustainable travel. Each year, Quarterhill's platforms process billions of transactions, perform compliance and safety inspections on millions of commercial vehicles, and enable transportation agencies worldwide to optimize thousands of lanes of traffic to improve travel for everyone. Leveraging advanced artificial intelligence and machine learning technologies, Quarterhill's platform delivers automation and predictive insight to help agencies manage transportation networks more efficiently. By working in close partnership with governments, communities, and industry leaders, Quarterhill is building today's connected roadways while shaping the next generation of intelligent, resilient mobility. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information, please visit: www.quarterhill.comForward-looking InformationThis news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such forward-looking statements relate to future events, conditions or future financial performance of ?Quarterhill based on future economic conditions and courses of action. All statements other ?than statements of historical fact may be forward-looking statements. Such forward-looking statements ?are often, but not always, identified by the use of any words such as "seek", "anticipate", "budget", ??"plan", "goal", "expect" and similar expressions.Forward-looking statements involve known and unknown risks, assumptions, ?uncertainties and other factors that may cause actual results or events to differ materially from those ?anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for Quarterhill's products and services; general economic and market conditions; competition; risks relating to technological advances and cyber-security; and other risks set forth in the Company's most recent annual information form available on SEDAR+ at www.sedarplus.ca. The Company believes the expectations reflected in ?the forward-looking statements are reasonable, but no assurance can be given that these expectations ?will prove to be correct and such forward-looking statements included in this news release should not be ?unduly relied upon.? Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: Quarterhill's ability to execute on its business plan; demand for Quarterhill's products and services; operating assumptions; and financial projections and cost estimates. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.



View original content:https://www.prnewswire.com/news-releases/quarterhill-partners-with-new-jersey-department-of-transportation-to-support-statewide-traffic-monitoring-systems-302722886.htmlSOURCE Quarterhill Inc.

Original: Quarterhill Partners with New Jersey Department of Transportation to Support Statewide Traffic Monitoring Systems

Quarterhill Reports Fourth Quarter and Full Year 2025 Financial ResultsMarch 23, 2026 7:00 AM
PR Newswire (Canada)

TORONTO, March 23, 2026 /CNW/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a leading provider of software and technology solutions in the Intelligent Transportation System ("ITS") industry, reported financial results for the fourth quarter and full year ended December 31, 2025. All financial information in this press release is reported in United States ("US") dollars, unless otherwise indicated.Quarterhill delivered a strong finish to 2025, reflecting continued progress executing its multi-year transformation and positioning the Company to scale its AI-driven intelligent transportation platform. With sustained gross margin expansion, positive Adjusted EBITDA1, and continued cash generation, Quarterhill enters 2026 with a stronger operating foundation and increasing momentum across the business.Growing demand for modernization of roadway infrastructure, freight mobility, and automated enforcement continues to drive interest in Quarterhill's AI-enabled solutions.Q4 2025 Financial HighlightsAdjusted EBITDA1 totaled $4.4 million, compared to $1.2 million in Q4 2024, representing a $3.2 million year-over-year improvement and marking the Company's second consecutive quarter of positive Adjusted EBITDA1.Gross margin expanded to 31%, an improvement of 1,100 basis points compared to 20% in Q4 2024.1Cash generated from operations was $4.1 million, compared to $6.5 million in Q4 2024.Revenue backlog2 was $404.3 million at December 31, 2025.Cash and cash equivalents were $24.8 million at December 31, 2025, an improvement from $24.1 million at the end of the prior quarter.Q4 2025 and Recent Business and Operational HighlightsIllinois Tollway Contract Extension ($10.7 Million): Secured a $10.7 million three-year extension with the Illinois Tollway to support and enhance mission-critical tolling operations and back-office systems, reinforcing Quarterhill's role as a long-term technology partner within one of the largest toll networks in the United States.Global Weigh-In-Motion Expansion: Awarded multiple new and follow-on WIM contracts across Kuwait, Thailand, South Korea, and Cambodia, expanding Quarterhill's international deployment of AI-enabled roadway safety and enforcement technologies.Tolling Contract ($5.2 Million): Secured a $5.2 million contract with an existing U.S. tolling customer to deploy its next-generation lane-based tolling platform, strengthening a long-standing customer relationship and supporting continued infrastructure modernization.Arkansas DOT Modernization ($2.7 Million): Selected by the Arkansas Department of Transportation for a $2.7 million project to modernize freight operations at key interstate corridors, deploying AI-enabled weigh-in-motion and inspection technologies designed to improve freight mobility and roadway safety.Washington State DOT Initiative ($2.3 Million): Partnered with Washington State DOT on a $2.3 million truck parking safety initiative along the I-5 corridor, enhancing real-time freight visibility and improving safety for commercial drivers along a critical freight corridor.Growing Pipeline of ITS Modernization Opportunities: The Company continues to see increasing demand from transportation agencies seeking AI-enabled solutions to improve tolling efficiency, freight mobility, and roadway safety.Management Commentary"We exited 2025 as a stronger and more focused company," said Quarterhill CEO Chuck Myers. "Our margins have improved meaningfully, our operating model is more efficient, and we are seeing growing demand from transportation agencies for technology-driven solutions."As we move into 2026, the focus is on accelerating growth and scaling the business. We are winning new work, expanding our customer relationships, and increasing the mix of higher-margin, software and recurring revenue across our platform."At the same time, we are advancing our next-generation, AI-enabled platform, which is becoming a central part of how we compete and deliver value. This platform is designed to improve accuracy, automation, and real-time decision-making for our customers, while creating a more leveragable and profitable business model."Quarterhill today is building a technology-driven intelligent transportation platform with strong backlog visibility and a growing pipeline of opportunities. Our priorities are clear—drive disciplined top-line growth, continue expanding margins, and deliver sustained adjusted EBITDA profitability as we build long-term shareholder value."Q4 2025 & Full Year 2025 Financial Review Quarterhill's Management's Discussion and Analysis and Financial Statements for the quarter and full year ended December 31, 2025, are available on the Company's website and at its profile at SEDAR+.Revenues for the quarter and full year ended December 31, 2025, were $38.5 million and $155.2 million, compared to $38.9 million and $153.3 million in the same periods last year. The increase in revenue for the year was due to growth in the Company's safety and enforcement business unit, while revenues for the year-to-date period remained comparable.Gross profit2 as a value and as a percentage of revenues may be subject to significant variance in each reporting period due to the nature and type of contract and service work performed, and currency volatility. Gross profit for the quarter and year ended December 31, 2025, was $12.1 million and $32.8 million, or 31% and 21%, as compared to $7.8 million and $27.8 million, or 20% and 18%, in the same periods last year. The increase for Q4 and full year periods was primarily due to the restructuring, improved margins on certain tolling contracts, and continued strong margin performance from the safety and enforcement unit. Total operating expenses are comprised of selling, general, and administrative costs ("SG&A"), research and development ("R&D") costs, depreciation, amortization of intangible assets, and other charges. Total operating expenses for the quarter and full year ended December 31, 2025, were $45.9 million and $83.8 million compared to $11.2 million and $43.7 million in the same periods last year. The increase for both periods is primarily due to a one-time $31.4 million goodwill impairment charge in the fourth quarter.Adjusted EBITDA3 for the quarter and year ended December 31, 2025, was $4.4 million and ($0.3) million, compared to $1.2 million and $0.2 million in the same periods last year. The higher Adjusted EBITDA4 in Q4 was primarily driven by the expansion in gross profit margin resulting from the company's restructuring and cost-cutting initiatives.Net income (loss) for the quarter and year ended December 31, 2025, was ($34.5) million and ($54.4) million, or ($0.29) and ($0.47) per diluted share, compared to net income (loss) of $0.3 million and ($11.0) million, or $0.00 and ($0.10) per diluted share, in the same periods last year.Cash generated from (used in) operations for the quarter and year ended December 31, 2025, was $4.1 million and $2.3 million, respectively, compared to cash generated from (used in) operations of $6.5 million and ($4.4) million in the same periods last year.Cash and cash equivalents were $24.8 million at December 31, 2025, compared to $24.1 million at September 30, 2025, and $31.9 million at December 31, 2024.Conference Call and WebcastQuarterhill will host a conference call to discuss its financial results today, March 23, 2026, at 10:00 AM Eastern Time.Webcast InformationLive and replay audio webcast will be available at: https://app.webinar.net/w760b19bxkJTraditional Dial-in InformationTo access the call from the U.S. and Canada, dial 1.888.699.1199 (Toll Free)To access the call from other locations, dial 1.416.945.7677 (International)Rapidconnect To instantly join the call by phone, please use the following link to register and be automatically connected: https://emportal.ink/4jyld1r Replay A telephone replay of the call will be available through March 30, 2026, by dialing:1.888.660.6345 (North America)1.289.819.1450 (International)Passcode: 02047Non-IFRS Financial Measures and Non-IFRS RatiosQuarterhill uses both IFRS and certain non-IFRS financial measures to assess performance. Non-IFRS financial measures are financial measures disclosed by a company that (a) depict historical or expected future financial performance, financial position or cash ow of a company, (b) with respect to their composition, exclude amounts that are included in, or include amounts that are excluded from, the composition of the most directly comparable financial measure disclosed in the primary financial statements of the company, (c) are not disclosed in the financial statements of the company, and (d) are not a ratio, fraction, percentage or similar representation. Non-IFRS ratios are financial measures disclosed by a company that are in the form of a ratio, fraction, percentage or similar representation that has a non-IFRS financial measure as one or more of its components, and that are not disclosed in the financial statements of the company.These non-IFRS financial measures and non-IFRS ratios are not standardized financial measures under IFRS, and, therefore, are unlikely to be comparable to similar financial measures presented by other companies. Management believes these non-IFRS financial measures and non-IFRS ratios provide transparent and useful supplemental information to help investors evaluate our financial performance, financial condition, and liquidity using the same measures as management. These non-IFRS financial measures and non-IFRS ratios should not be considered as a substitute for, or superior to, measures of financial performance prepared in accordance with IFRS.Adjusted EBITDA - Non-IFRS Financial MeasuresWe use the non-IFRS financial measure "Adjusted EBITDA" to mean net loss adjusted for (i) income taxes, (ii) nance expense or income; (iii) amortization and impairment of intangibles; (iv) other charges and other one-time items; (v) depreciation of right-of-use assets and property, plant and equipment; (vi) stock-based compensation; (vii) foreign exchange (gain) loss ; (viii) other (income) expense; and (ix) changes in fair value of derivative liability. Adjusted EBITDA is used by our management to assess our normalized cash generated on a consolidated basis. Adjusted EBITDA is also a performance measure that may be used by investors to analyze the cash generated by Quarterhill. Adjusted EBITDA should not be interpreted as an alternative to net income (loss) and cash flows from operations as determined in accordance with IFRS or as measure of liquidity. The most directly comparable IFRS financial measure is net income (loss). See "Reconciliation of Net Loss to Adjusted EBITDA" below.Adjusted EBITDA per share – Non-IFRS RatioAdjusted EBITDA per share is calculated as Adjusted EBITDA divided by the basic weighted average of common shares. Adjusted EBITDA per share is used by our management and investors to analyze cash generated by Quarterhill on a per share basis. The most comparable IFRS measure is earnings per share. See Reconciliation of Net Loss to Adjusted EBITDA below.Backlog - Non-IFRS Financial MeasureWe use the non-IFRS measure "backlog" to mean the total value of work that has not yet been completed but that in management's experience of similar situations has: (a) a high certainty of being performed pursuant to existing contracts or work orders specifying job scope, value and timing; (b) an expectation of expansion of existing contracts due to expected extensions; and/or (c) been awarded to one or more of our ITS operating subsidiaries as evidenced by a binding contract or where the finalization of a binding contract is reasonably assured. Activities under such contracts may cover a period of up to 15 years. We do not include in "backlog" the value of any expected but unsigned change orders that management considers may apply to such contracts.Supplementary Financial MeasuresSupplementary financial measures are financial measures disclosed by a company that (a) are, or are intended to be, disclosed on a periodic basis to depict the historical or expected future financial performance, financial position or cash ow of a company, (b) are not disclosed in the financial statements of the company, (c) are not non-IFRS financial measures, and (d) are not non-IFRS ratios. Key supplementary measures disclosed are as follows:Gross margin %
Calculated as gross profit as a percentage of revenue.About QuarterhillQuarterhill is a global leader in the Intelligent Transportation System (ITS) industry, advancing mobility through smart infrastructure solutions that reduce congestion, improve roadway safety, and create more sustainable travel. Each year, Quarterhill's platforms process billions of transactions, perform compliance and safety inspections on millions of commercial vehicles, and enable transportation agencies worldwide to optimize thousands of lanes of trac to improve travel for everyone. Leveraging advanced artificial intelligence and machine learning technologies, Quarterhill's platform delivers automation and predictive insight to help agencies manage transportation networks more efficiently. By working in close partnership with governments, communities, and industry leaders, Quarterhill is building today's connected roadways while shaping the next generation of intelligent, resilient mobility. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: www.quarterhill.com.Forward-looking InformationThis news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements") regarding Quarterhill, its operating subsidiaries and their respective businesses. Such forward-looking statements relate to future events, conditions or future financial performance of Quarterhill based on future economic conditions and courses of action. All statements other than statements of historical fact may be forward-looking statements. Such forward-looking statements are often, but not always, identified by the use of any words such as "seek", "anticipate", "budget", "plan", "goal", and similar expressions. These statements involve known and unknown risks, assumptions, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon.  In particular, this news release contains forward-looking statements pertaining to, but not limited to, the following: operational and financial expectations for the 2026 financial year; the Company's business plan and strategy, and outcomes thereof; and the performance and expectations relating to certain contracts.Although the forward-looking statements contained in this news release are based upon assumptions which management of the Company believes to be reasonable, the Company cannot assure investors that actual results will be consistent with these forward-looking statements. With respect to forward looking statements contained in this news release, the Company has made assumptions regarding, but not limited to: the Company's ability to execute on its business plan; successful integration of acquisitions; general economic and industry trends; operating assumptions relating to the Company's operations; demand for the Company's products and services; cost estimates for fixed price contracts; successful contract negotiation; and the other assumptions set forth in the Company's most recent annual information form available under the Company's prole on SEDAR+ at www.sedarplus.ca.The Company's actual results could differ materially from those anticipated in the forward-looking statements, as a result of numerous known and unknown risks and uncertainties and other factors including, but not limited to: changes in demand for the Company's products and services; general economic, political, market and business conditions, including fluctuations in interest rates, foreign exchange rates, stock market volatility; reliance on key management personnel; risks related to competition within the Company's industry and relating to technological advances; litigation risks; cyber-security risks; fixed price contracts may result in unexpected costs to the Company; and the other risks set forth in the Company's most recent annual information form and management's discussion and analysis for the three and twelve months ended December 31, 2025 available under the Company's prole on SEDAR+ at http://www.sedarplus.ca.The Company's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom. Readers are therefore cautioned that the foregoing lists of important factors are not exhaustive, and they should not unduly rely on the forward-looking statements included in this news release. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.1 Please refer to the "Non-IFRS Financial Measures and Non-IFRS Ratios – Gross margin %" section for further information.2 Please refer to the "Non-IFRS Financial Measures and Non-IFRS Ratios – Backlog - Non-IFRS Financial Measure" section for further information.3 Please refer to the "Non-IFRS Financial Measures and Non-IFRS Ratios – Adjusted EBITDA – Non-IFRS Financial Measures" section for further information.4 Please refer to the "Non-IFRS Financial Measures and Non-IFRS Ratios – Adjusted EBITDA – Non-IFRS Financial Measures" section for further information. Interim Condensed Consolidated Statements of Loss and Comprehensive Loss
(in thousands and in United States dollars, except share and per share amounts)
Three months ended December 31 Year ended December 31

2025202420252024
Revenues$38,463$38,876$155,170$153,305
Direct cost of revenues26,36331,099122,341125,528
Gross profit12,1007,77732,82927,777
Operating expenses




Selling, general and administrative expenses11,2126,91338,82028,486
Impairment of goodwill31,412-31,412-
Research and development expenses (recovery)(639)3066521,377
Depreciation of right-of-use assets3993691,3241,450
Depreciation of property, plant and equipment2693941,3721,538
Amortization of intangible assets2,1872,3078,2768,473
Other charges1,1029231,9092,391

45,94211,21283,76543,715
Results from operations(33,842)(3,435)(50,936)(15,938)
Finance income(4)(127)(182)(535)
Finance expense1,5751,4686,1396,470
Foreign exchange (gain) loss899(3,310)3,095(3,962)
Other income(1,364)(2,254)(5,071)(6,262)
Change in fair value of derivative liability(1)(248)(520)(1,674)
Loss before taxes(34,947)1,036(54,397)(9,975)
Current income tax expense(172)50605440
Deferred income tax expense (recovery)(304)714(592)607
Income tax expense (recovery)(476)764131,047
Net loss(34,471)272(54,410)(11,022)
Other comprehensive income (loss) that may be reclassified subsequently to net loss:




Foreign currency translation adjustment19(3,546)1,875(3,504)
Comprehensive loss($34,452)($3,274)($52,535)($14,526)






Loss per share - Basic($0.29)$0.00($0.47)($0.10)
Loss per share - Diluted($0.29)$0.00($0.47)($0.10)
 Interim Condensed Consolidated Statements of Financial Position
(in thousands and in United States dollars)

December 31, 2025
December 31, 2024




Current assets



    Cash and cash equivalents$24,846$31,893    Accounts receivable, net$18,126$20,716    Unbilled revenue$38,980$34,461    Income taxes receivable
-$231    Inventories (net of obsolescence)$8,922$10,143    Prepaid expenses and deposits$5,550$4,588
$96,424$102,032Non-current assets



    Accounts and other long-term receivables$5,274$4,781    Right-of-use assets, net$4,516$5,035    Property, plant and equipment, net$3,157$3,961    Intangible assets, net$76,548$78,370    Investment in other entity$3,919$3,919    Deferred compensation asset$1,175$1,050    Goodwill
-$30,960
$94,589$128,076TOTAL ASSETS$191,013$230,108LIABILITIES



Current liabilities



    Accounts payable and accrued liabilities$34,156$25,598    Income taxes payable$254$334    Current portion of lease liabilities$2,094$2,040    Current portion of deferred revenue$9,435$5,708    Current portion of long-term debt$13,883$2,125    Convertible debentures$40,395$36,825    Derivative liability
-$516
$100,217$73,146Non-current liabilities



    Deferred revenue$867$1,574    Long-term lease liabilities$3,389$4,803    Long-term debt
-$15,273    Deferred compensation liabilities$464$1,100    Deferred income tax liabilities$2,124$2,577    Other long-term liabilities$512$512
$7,356$25,839TOTAL LIABILITIES$107,573$98,985SHAREHOLDERS' EQUITY



    Capital stock$317,395$314,630    Contributed surplus$129,533$127,446    Accumulated other comprehensive income$14,023$12,148    Deficit$(377,511)$(323,101)
$83,440$131,123TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY$191,013$230,108 Interim Condensed Consolidated Statements of Cash Flows
(in thousands and in United States dollars)

20252024Operating activities:


Net loss
($54,410)($11,022)Add (deduct) non-cash items:


Stock-based compensation expense
6,1602,528Depreciation and amortization
10,97211,461Foreign exchange (gain) loss
3,095(3,962)Other income
(5,071)(6,262)Impairment of goodwill
31,412-Gain on disposal of joint venture
-(708)Deferred and non-cash income tax expense (recovery)
(592)607Embedded derivatives
(11)-Change in fair value of derivative liability
(520)(1,674)Non-cash interest expense
2,5372,202Net change in non-cash working capital balances
8,7682,408Cash generated from (used in) operating activities
2,340(4,422)Financing activities:


Payment of lease liabilities
(2,529)(2,412)Repayment of long-term debt
(3,593)(2,125)Cash used in financing activities
(6,122)(4,537)Investing activities:


Net proceeds from disposition of a joint venture
3194,386Acquisition of business, Red Fox
-(7,181)Cash acquired on acquisition of business, Red Fox
-2,296Proceeds from sale of property, plant and equipment
4398Purchase of property, plant and equipment
(680)(1,390)Dividend received from investment in other entity
4,5513,849Capitalized software costs
(6,045)(4,045)Cash used in investing activities
(1,812)(1,987)Foreign exchange on cash held in foreign currencies
(1,453)106Net increase (decrease) in cash and cash equivalents
(7,047)(10,840)Cash and cash equivalents, beginning of period
31,89342,733Cash and cash equivalents, end of period
$24,846$31,893 Interim Condensed Consolidated Statements of Shareholders' Equity
(in thousands and in United States dollars)

Capital Stock
Contributed Surplus
Accumulated Other
Coomprehensive Income
Deficit
Total Shareholder Equity
$313,738$126,129$15,652$(312,079)$143,440Net loss-
-
-
$(11,022)$(11,022)Other comprehensive loss-
-
$(3,504)-
$(3,504)Stock-based compensation expense-
$2,526-
-
$2,526Exercise of stock options-
$2-
-
$2Common shares issued from restricted stock units$837$(1,156)-
-
$(319)Common shares issued from deferred stock units$55$(55)-
---
Balance, December 31, 2024$314,630$127,446$12,148$(323,101)$131,123Net loss-
-
-
$(54,410)$(54,410)Other comprehensive income-
-
-
-
$1,875Stock-based compensation expense-
$6,160-
-
$6,160Exercise of stock options-
-
-
-
-
Common shares issued from restricted stock units$2,420$(3,332)-
-
$(912)Common shares issued from deferred stock units$345$(741)-
-
$(396)Balance, December 31, 2025$317,395$129,533$14,023$(377,511)$83,440 Reconciliation of Net Loss to Adjusted EBITDA
(in thousands and in United States dollars, except share and per share amounts)Three months ended December 31,
20252024
$Per Share [3]$Per Share
Net loss($34,471)($0.29)$272$0.00
Adjusted for:




Income tax expense (recovery)(476)0.007640.01
Foreign exchange (gain) loss8990.01(3,310)(0.03)
Finance expense, net1,5710.011,3410.01
Impairment loss on goodwill31,4120.26--
Other charges1,1020.019230.01
Depreciation and amortization2,8550.023,0700.03
Stock based compensation expense2,7200.025920.02
Non-recurring project costs [1]1400.00--
Change in fair value of derivative liability(1)-(248)0.00
Other income(1,364)(0.01)(2,254)(0.02)
Adjusted EBITDA [2]$4,387$0.04$1,150$0.02
Weighted average number of Common Shares 
Basic     118,814,471-115,393,052-


Year ended December 31,
20252024

$Per Share [3]$Per Share
Net loss($54,410)($0.47)($11,022)($0.10)
Adjusted for:




Income tax expense130.001,0470.01
Foreign exchange loss (gain)3,0950.02(3,962)(0.03)
Finance expense, net5,9570.045,9350.05
Impairment loss on goodwill31,4120.27--
Other charges1,9090.022,3910.02
Depreciation and amortization10,9720.0911,4610.10
Stock based compensation expense6,1600.052,3190.02
Non-recurring project costs [1]1400.00--
Change in fair value of derivative liability(520)0.00(1,674)(0.02)
Other income(5,071)(0.04)(6,262)(0.04)
Adjusted EBITDA [2]($343)($0.02)$233$0.01
Weighted average number of Common Shares
Basic116,785,826
115,369,947







[1] Non-recurring project costs relates to legal expenses for a specific project that will not continue in the future.
[2] Refer to Adjusted EBITDA - Non-IFRS Financial Measure
[3] Refer to Adjusted EBITDA per share – Non-IFRS ratio



View original content:https://www.prnewswire.com/news-releases/quarterhill-reports-fourth-quarter-and-full-year-2025-financial-results-302721647.htmlSOURCE Quarterhill Inc.

Original: Quarterhill Reports Fourth Quarter and Full Year 2025 Financial Results

Quarterhill Sets Fourth Quarter and Full Year 2025 Conference Call for Monday, March 23, 2026, at 10:00 a.m. ETMarch 17, 2026 12:26 PM
PR Newswire (Canada)

TORONTO, March 17, 2026 /CNW/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a leading global provider of intelligent transportation system ("ITS") solutions, will host a conference call on Monday, March 23, 2026, at 10:00 a.m. Eastern time to discuss its fourth quarter and full year 2025 financial results. A press release detailing the results will be issued prior to the call.Quarterhill management will host the call and review the Company's financial results, followed by a question-and-answer session.Webcast InformationLive and replay audio webcast will be available at: https://app.webinar.net/w760b19bxkJDial-in InformationTo access the call from the U.S. and Canada, dial 1.888.699.1199 (Toll Free)To access the call from other locations, dial 1.416.945.7677 (International)RapidConnect
To instantly join the call by phone, please use the following link to register and be automatically connected: https://emportal.ink/4jyld1r Replay
A telephone replay of the call will be available through March 30, 2026, by dialing:1.888.660.6345 (North America)1.289.819.1450 (International)Passcode: 02047About Quarterhill
Quarterhill is a global leader in the Intelligent Transportation System (ITS) industry, advancing mobility through smart infrastructure solutions that reduce congestion, improve roadway safety, and create more sustainable travel. Each year, Quarterhill's platforms process billions of transactions, perform compliance and safety inspections on millions of commercial vehicles, and enable transportation agencies worldwide to optimize thousands of lanes of traffic to improve travel for everyone. Leveraging advanced artificial intelligence and machine learning technologies, Quarterhill's platform delivers automation and predictive insight to help agencies manage transportation networks more efficiently. By working in close partnership with governments, communities, and industry leaders, Quarterhill is building today's connected roadways while shaping the next generation of intelligent, resilient mobility. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information, please visit: www.quarterhill.com.



View original content:https://www.prnewswire.com/news-releases/quarterhill-sets-fourth-quarter-and-full-year-2025-conference-call-for-monday-march-23-2026-at-1000-am-et-302716245.htmlSOURCE Quarterhill Inc.

Original: Quarterhill Sets Fourth Quarter and Full Year 2025 Conference Call for Monday, March 23, 2026, at 10:00 a.m. ET

Quarterhill Partners with Massachusetts Department of Transportation to Expand Weigh-In-Motion ProgramMarch 5, 2026 7:00 AM
PR Newswire (US)

$6.4 million project will enhance commercial vehicle safety, strengthen freight data visibility, and modernize infrastructure planning across MassachusettsTORONTO, March 5, 2026 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a leading global provider of intelligent transportation system ("ITS") solutions, today announced it has been awarded a contract, through Coviello Electric, Inc. to support the expansion of the Massachusetts Department of Transportation ("MassDOT") Weigh-in-Motion ("WIM") infrastructure program. Under the agreement, valued at approximately $6.4 million, Quarterhill will oversee the installation of 15 new WIM stations and the deployment of a comprehensive WIM and commercial vehicle compliance software platform across key interstate and state highway corridors.Working in partnership with MassDOT, Quarterhill will furnish and oversee the installation of WIM sensors, vehicle identification, tire anomaly, and associated roadside equipment across MassDOT Districts 1 through 5. The project includes installations along Interstates 84, 90, 91, 93, 95, 195, 290, 295, 395, 495, and Routes 3, 24, and 146.The project also includes provisions for forward looking software solutions to enable integration with existing MassDOT systems and lays the foundation for future freight corridor management."As freight volumes increase, transportation agencies are prioritizing investments in advanced roadside intelligence technologies to secure real-time, accurate vehicle data solutions," said Chuck Myers, CEO of Quarterhill. "We are pleased to support MassDOT's efforts by delivering a scalable WIM deployment that improves roadway safety, strengthens data visibility, enhances enforcement capabilities, and supports long-term transportation planning."The WIM stations will provide detailed commercial vehicle weight, tire safety, and traffic data to support infrastructure monitoring and enforcement efforts. By helping identify overweight and non-compliant vehicles more efficiently, the system supports more focused enforcement while enabling smoother movement for compliant freight traffic.In addition to installation and system integration, Quarterhill will provide calibration, testing, training, and ongoing operations and maintenance services throughout the contract term to help ensure long-term system performance and data accuracy.Quarterhill partners with transportation agencies across North America to deliver integrated commercial vehicle data and screening technologies that support roadway safety, freight mobility, and infrastructure protection. This collaboration further reinforces the Company's role as a long-term technology partner to state DOTs advancing modern, data-driven transportation programs.About Quarterhill
Quarterhill is a global leader in the Intelligent Transportation System (ITS) industry, advancing mobility through smart infrastructure solutions that reduce congestion, improve roadway safety, and create more sustainable travel. Each year, Quarterhill's platforms process billions of transactions, perform compliance and safety inspections on millions of commercial vehicles, and enable transportation agencies worldwide to optimize thousands of lanes of traffic to improve travel for everyone. Leveraging advanced artificial intelligence and machine learning technologies, Quarterhill's platform delivers automation and predictive insight to help agencies manage transportation networks more efficiently. By working in close partnership with governments, communities, and industry leaders, Quarterhill is building today's connected roadways while shaping the next generation of intelligent, resilient mobility. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information, please visit: www.quarterhill.comForward-looking Information
This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such forward-looking statements relate to future events, conditions or future financial performance of ?Quarterhill based on future economic conditions and courses of action. All statements other ?than statements of historical fact may be forward-looking statements. Such forward-looking statements ?are often, but not always, identified by the use of any words such as "seek", "anticipate", "budget", ??"plan", "goal", "expect" and similar expressions.Forward-looking statements involve known and unknown risks, assumptions, ?uncertainties and other factors that may cause actual results or events to differ materially from those ?anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for Quarterhill's products and services; general economic and market conditions; competition; risks relating to technological advances and cyber-security; and other risks set forth in the Company's most recent annual information form available on SEDAR+ at www.sedarplus.ca. The Company believes the expectations reflected in ?the forward-looking statements are reasonable, but no assurance can be given that these expectations ?will prove to be correct and such forward-looking statements included in this news release should not be ?unduly relied upon.? Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: Quarterhill's ability to execute on its business plan; demand for Quarterhill's products and services; operating assumptions; and financial projections and cost estimates. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.



View original content:https://www.prnewswire.com/news-releases/quarterhill-partners-with-massachusetts-department-of-transportation-to-expand-weigh-in-motion-program-302704858.htmlSOURCE Quarterhill Inc.

Original: Quarterhill Partners with Massachusetts Department of Transportation to Expand Weigh-In-Motion Program

Apple appeal of Wilan win now @CACF

http://www.cafc.uscourts.gov/oral-argument-recordings

Fed. Circ. Clears Netflix In WiLAN Streaming Patent Case
By Andrew Karpan

Law360 (December 14, 2020, 10:53 PM EST) -- Handing a win to Netflix, the Federal Circuit on Monday backed a lower court's finding that a WiLan unit's patent on streaming technology failed to pass muster under the U.S. Supreme Court's 2014 Alice decision.

In a nonprecedential opinion, a three-judge panel of the appellate court told Adaptive Streaming Inc., a wholly-owned subsidiary of WiLAN, that a patent it owned on "digital video processing techniques" was too abstract for protection under patent law, affirming U.S. District Judge David O. Carter's decision last year to dismiss the company's case against Netflix in California federal court.

Adaptive Streaming sued Netflix in July 2019, alleging it infringed a patent covering video processing innovations that were allegedly a decade ahead of the streaming platforms that would be developed by companies like Netflix, YouTube and Hulu, according to the initial complaint. The patent was granted by the U.S. Patent and Trademark Office in 2006 to Luxxon Corp. and eventually was acquired by Adaptive Streaming.

On Monday, the appeals panel found that Judge Carter was right to find that the patent didn't pass the two-step Alice test, which requires courts to first look at whether a patent deals with an abstract concept, and if so, then check whether it adds an inventive concept to the abstract idea to determine eligibility.

The panel had found that Adaptive Streaming's patent easily failed both. Writing for the panel, U.S. Circuit Judge Richard G. Taranto curtly dismissed the far-reaching innovations that Adaptive Streaming was claiming to own.

"[The asserted patent claims] do not incorporate anything more that would suffice to transform their subject matter into an eligible application of the abstract idea," Judge Taranto wrote.

Additionally, the claims failed in light of precedential rulings the Federal Circuit made in 2017, which found that ideas which merely involve encoding and decoding image data were abstract under the Alice framework, including a ruling that tossed streaming patents that had been asserted against Comcast and Verizon.

Adaptive Streaming had argued that Judge Carter could only come to such a conclusion by "simplifying" the claims its patent made, but Judge Taranto wrote that the panel disagreed and found, instead, it was the patent itself that was too simple.

"In particular, there is no identification in the claims or written description of specific, unconventional encoding, decoding, compression, or broadcasting techniques," Judge Taranto wrote.

WiLAN Inc. is a patent licensing business whose collection of technology patents won it a still-contested $85 million jury verdict against Apple earlier this year. Upon purchase of the patent at issue in 2019, WiLAN celebrated the technology as "the primary way in which video is delivered over the Internet today," according to a press release.

A representative for Netflix declined to comment on the ruling. Adaptive Streaming did not respond to a request for comment on Monday.

The patent-in-suit is U.S. Patent No. 7,047,305.

U.S. Circuit Judges Richard G. Taranto, Raymond C. Clevenger and Sharon Prost sat on the panel for the Federal Circuit.

Adaptive Streaming Inc. is represented by Paul J. Skiermont, Mieke Malmberg and Alexander Gasser of Skiermont Derby LLP.

Netflix is represented by Michael S. Kwun of Kwun Bhansali Lazarus LLP.

The case is Adaptive Streaming Inc. v. Netflix Inc., case number 20-1310, in the U.S. Court of Appeals for the Federal Circuit.

High Court Urged To Find Retroactive IPRs Unconstitutional
By Ryan Davis

Law360 (November 12, 2019, 7:13 PM EST) -- A major patent licensing firm has told the U.S. Supreme Court that it is unconstitutional for patents issued prior to the America Invents Act to be invalidated under the law’s review system, saying it was “both arbitrary and irrational” for Congress to make the reviews retroactive.

Collabo Innovations Inc., whose image sensor patent was successfully challenged in an AIA inter partes review requested by Sony Corp., said in a Nov. 4 petition for a writ of certiorari that the decision invalidating the patent violated both the takings clause and the due process clause of the U.S. Constitution.

The company, a unit of licensing company Wi-LAN Technologies Inc., said that when the patent was issued in 1999, 12 years before the AIA was passed, it was impossible to know that a new system for challenging patents would one day be created. Subjecting the patent to inter partes review disrupted the company’s expectations and violates the Constitution, it said.

“No one could have anticipated that Congress would retroactively make the ... patent subject to a wholly new procedure like inter partes review — the patent ‘death squad,’” Collabo wrote. “Had the patent owner known of this risk, it might have sought narrower claims in examination or, in the alternative, forego[ne] patent protection altogether by keeping its inventions a trade secret.”

Congress had no authority to make AIA reviews retroactive when enacting the law in 2011, Collabo said. The invalidation of patents by the Patent Trial and Appeal Board is a taking of property by the government that violates the Constitution’s takings clause, and the use of reviews on pre-AIA patents strips away the legal rights of patent owners without due process, the company said.

"Congress identified no rationale for its decision to make inter partes review retroactive. There is none," the petition said.

Collabo made the same arguments to the Federal Circuit, which rejected them in August. The appeals court affirmed the PTAB's decisions invalidating Collabo's patents, and cited a decision in a separate case days earlier that found the retroactive applications of AIA reviews was constitutional.

In that case, Celgene Corp. v. Peter , the Federal Circuit concluded that patent owners have known for decades that issued patents may be subject to further review by the patent office in proceedings like ex parte reexamination, which was created in 1980. The new inter partes review system created by the AIA is not different enough that its use on pre-AIA patents is unconstitutional, the court said.

"Although differences exist between IPRs and their reexamination predecessors, those differences do not outweigh the similarities of purpose and substance and, at least for that reason, do not effectuate a taking of Celgene's patents," it wrote.

Collabo urged the high court to reject the Federal Circuit’s reasoning, pointing to what it said are numerous differences between ex parte reexaminations and inter partes reviews. For instance, the new proceedings involve the active participation of the challenger, and it is much more difficult to amend claims in IPRs than in reexaminations, the company said.

"Inter partes review is not simply a new mode of procedure for a preexisting proceeding," it said. "Nor does it simply change the tribunal adjudicating that proceeding. It is an entirely new proceeding that Congress has unlawfully imposed on patents that issued under an 'old regime.'"

The company noted that Congress appears to have made AIA reviews retroactive in part to crack down on what lawmakers viewed as frivolous lawsuits by so-called patent trolls. However, the company cited a Supreme Court holding that Congress cannot make laws retroactive "as a means of retribution against unpopular groups or individuals."

"Wi-LAN Inc., Collabo’s parent, has been unjustly smeared with the unfortunate label of 'patent troll,'" the petition said. "But it should not have to suffer the consequences of retroactive legislation as a result."

If the justices were to agree with Collabo, it would significantly curtail the reach of inter partes review. The petition cited statistics showing that nearly two-thirds of patents challenged in inter partes review were issued prior to the AIA.

Collabo’s petition brings an issue to the Supreme Court that the justices expressly left unresolved in a last year’s Oil States v. Greene’s Energy decision, which rejected an argument that it is unconstitutional for the PTAB, rather than a court, to invalidate patents.

The court stressed that it was addressing "only the precise constitutional challenges" raised by Oil States, and pointed out that those did not include challenging the retroactive application of IPRs or arguing that they violate due process.

While Collabo opted to the take the issue directly to the Supreme Court, Celgene requested en banc rehearing of its case in September. The full Federal Circuit has not yet decided whether to review the case.

The petition comes weeks after the Federal Circuit ruled in an unrelated case that the structure of the PTAB is unconstitutional because its judges do not have enough supervision by the director of the U.S. Patent and Trademark Office.

The court therefore made it easier for the director to fire the judges, saying that fixed the violation of the Constitution’s appointments clause. However, some patent owners have argued that the decision didn’t go far enough and the entire inter partes review system must be struck down.

Attorneys for Collabo and Sony declined to comment on the case.

The patent-in-suit is U.S. Patent Number 5,952,714.

Collabo is represented by Patrick Conroy, Monte Bond and Daniel Olejko of Bragalone Conroy PC.

Counsel information for Sony at the Supreme Court was not immediately available. At the Federal Circuit, it was represented by Smith Baluch LLP and Turner Boyd LLP.

The case is Collabo Innovations Inc. v. Sony Corp, case number 19-601, in the U.S. Supreme Court.

--Editing by Jack Karp.
For a reprint of this article, please contact reprints@law360.com.

* * $QTRH Video Chart 08-02-18 * *

Link to Video - click here to watch the technical chart video

We might own Arcadia yet! LOL!

Is there any significance to purchasing 1 stock 50 times? The trades tab shows 11111111...etc

EPS supposed to be .09---Give em E' for effort

Quarterhill Provides Third Quarter Financial Update

•October 2, 2017Comment
Q3 2017 Revenues expected to be in the range of $72.5 to $82.5 Million

OTTAWA, Oct. 2, 2017 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or "the Company") (NASDAQ: QTRH, TSX: QTRH) today provided an update on expected financial results for the three-month period ended September 30, 2017 ("Q3 2017"). Quarterhill financial results are reported in United States dollars.

Driven by strong results from Wi-LAN Inc. ("WiLAN"), the Company's patent licensing subsidiary, and the inclusion of a full quarter of operations of its other subsidiaries, International Road Dynamics Inc. and VIZIYA Corp., Quarterhill's consolidated revenue for Q3 2017 is expected to be in the range of $72.5 to $82.5 million.

Adjusted EBITDA* for Q3 2017 is expected to be in the range of $50.0 to $56.0 million.

"We are very pleased to have such a substantial contribution from WiLAN this quarter," said Shaun McEwan, Interim CEO. "As we have said in the past, financial results in this segment of our business can be variable from quarter-to-quarter and this is a prime example of the upside potential of this variability. Our expected results for Q3 will provide a significant boost to our cash position, which will assist in the continued growth of Quarterhill."

Quarterhill will release its Q3 2017 financial results at 6:30 AM ET on Thursday, November 9, 2017. The Company will host a conference call to discuss its results at 10:00 AM ET that morning. Details on how to access the conference call will be provided later in October.

Non-GAAP Disclosure*

Quarterhill follows U.S. GAAP in preparing its interim and annual financial statements. We use the term "Adjusted EBITDA" to mean net income from continuing operations before: (i) income taxes; (ii) finance expense or income; (iii) amortization of intangibles; (iv) special charges; (v) depreciation of property, plant and equipment; (vi) effects of deleted deferred revenue; (vii) the effects of fair value step up in inventory acquired, and (viii) stock based compensation. Adjusted EBITDA is used by Quarterhill management to assess our normalized cash generated on a consolidated basis and in our operating segments. Adjusted EBITDA is also a performance measure that may be used by investors to analyze the cash generated by Quarterhill and our operating segments. ADJUSTED EBITDA IS NOT A MEASURE OF FINANCIAL PERFORMANCE UNDER U.S. GAAP. IT DOES NOT HAVE ANY STANDARDIZED MEANING PRESCRIBED BY U.S. GAAP AND IS THEREFORE UNLIKELY TO BE COMPARABLE TO SIMILARLY TITLED MEASURES USED BY OTHER COMPANIES. EBITDA SHOULD NOT BE INTERPRETED AS AN ALTERNATIVE TO NET EARNINGS AND CASH FLOWS FROM OPERATIONS AS DETERMINED IN ACCORDANCE WITH U.S. GAAP OR AS A MEASURE OF LIQUIDITY.

Nvidia Hit With Patent Suit Over Google Digital Assistant

By Kat Greene

Law360, Los Angeles (March 20, 2017, 6:26 PM EDT) -- A Wi-LAN Inc. unit accused Nvidia Corp. of profiting off its patents for a digital voice assistant on tablets and televisions, saying the company’s Google voice assistant products are all infringing technology picked up from Apple Inc.’s Siri, according to a Delaware federal complaint on Friday.

IPA Technologies Inc. said that Nvidia’s products that use Google Inc.’s Android operating system are stepping on its U.S. Patent Nos. 6,742,021; 6,523,061; and 6,757,718, which cover a digital voice assistant and cards that display selected information based on a user’s search results and other personal factors.

The products in question, which include Nvidia’s Shield Tablet K1 and Android TV, include a feature once branded Google Now that allows users to conduct searches or access digital features within the product by voice, a system IPA picked up from Apple’s Siri Inc., according to the suit.

“For example, the Nvidia Google Now-enabled products use speech-based navigation of an electronic data source,” IPA said in its suit. “The Nvidia Google Now-enabled products receive a spoken request for desired information from the user ... and transmit the selected portion from a network server to the Nvidia Google Now-enabled products.”

The technology was originally invented by SRI International Inc., a nonprofit institute that had been building a personal digital assistant as part of one of the world’s largest artificial intelligence projects, according to the complaint. The AI project, funded by the U.S Defense Advanced Research Projects Agency, was meant to create ways for computers to assist human decision-makers, the company said.

Once SRI had a workable voice assistant, it formed a spinoff company called Siri Inc. in 2007, to which it gave a nonexclusive license to the patent portfolio, according to the suit.

Siri was demonstrated at first as an iPhone app and in April 2010, Apple acquired Siri. In 2011, Siri’s personal digital assistant became an integrated feature of the iPhone.

IPA in May 2016 acquired the SRI speech-based navigation patent portfolio, which it’s now asserting in several lawsuits against technology companies that create a platform for Google’s own version of a voice assistant, court records show.

The Nvidia suit was filed on Friday, but it’s only the latest in a string of filings by IPA seeking to assert its patents for the digital voice assistant. The Nvidia suit from Friday is related to 13 others in Delaware court, according to the docket.

IPA has also sued companies including Dish Network Corp., HTC Corp., Amazon.com Inc., Sony Corp., Lenovo Inc. and Motorola Mobility LLC, court records show. Those cases have been peppering Delaware’s docket since Dec. 9, and the defendant companies are each just beginning to respond to the allegations against them, according to filings in the cases.

Apple itself has faced patent litigation over its Siri function, according to court records.

For example, in August, Apple reached a deal to end a patent suit brought by Dot23 Technologies Inc. in Eastern Texas over voice recognition technology. And a different case brought by Unwired Planet LLC over voice recognition patents, which had been killed by U.S. District Judge Vince Chhabria in May 2015 but later revived by the Federal Circuit, is gearing up for a trial next month, according to that docket.

Nvidia declined to comment. A representative for IPA didn't immediately respond to a request for comment on Monday.

The patents-in-suit are U.S. Patent Nos. 6,742,021; 6,523,061; and 6,757,718.

IPA Technologies is represented in all cases by Marc A. Fenster, Adam S. Hoffman, Amir A. Naini, Brian D. Ledahl and Shani Williams of Russ August & Kabat, and Stephen B. Brauerman and Sara E. Bussiere of Bayard PA.

Counsel information for Nvidia couldn’t be immediately determined.

The case is IPA Technologies Inc. v. Nvidia Corp., case number 1:17-cv-00287, in the U.S. District Court for the District of Delaware.

--Additional reporting by Ryan Davis and Alex Wolf. Editing by Kelly Duncan.

Of interest...

http://www.forbes.com/sites/realspin/2017/01/20/where-will-the-cards-fall-when-trump-reshuffles-the-deck-on-ip-policy/#1a96c921694a

The sector food fight (ACTG, RPXC) will help WILN in partner negotiations...big time. It also may spark long overdue industry consolidation.

why can't you talk about vrng in vringo board?

I told you stay FIT and you can WI(L)N like me. VRNG back to 1.80 after 2.88 short trap sorry for the people who bought into those longs.

you don't trade you don't make $$$...apply to all stock...lol...why stay away from VRNG..it's an ATM machine for the past 4 years man...lol

I told you stay away from VRNG! Did you buy in the high $2's there? There are crooks on that message board. Those criminals only post on VRNG and continue to pump it while the stock goes down. They have some connection to that stock. WILN in the 1.90's now. FIT in the 13's. Follow me and make money. Stay away from VRNG and those guys who have some alligience to it and only it. Its fishy and something stinks with those posters.

lol..ok boss...no thanks...isn't the last quarter was the very first quarter in quite awhile that they didn't beat the earning? if they are doing so well, why the pps drop all the way to $1 from $10?

You have little clue about this company. Stop protecting your EGO and follow me if you want to make money. Your picks have netted you nothing. This is going to $10 easy. Near term $5.

over bought territory man

WILN and the Rainmaker...

WILN is everything you wish your pick had and more. WILN to $5

Buying continues..

My sort term is $3 US for this stock. Long term 24-48 months I see $7-$10.

WILN is what VRNG wishes it was.

Company is buying up 11 million shares and with $90 M in cash they can do that all te way to $9 if they want.

Impossible to ignore..

http://www.cantechletter.com/2015/11/wi-lans-stock-is-now-stock-impossible-to-ignore-says-paradigm/

Love this undervalued gem.

WILN=GARBAGE

It took a month but all signals were there

hurry up an unhalt

NETFLIX WI-LAN DEAL..COULD BE MAJOR RUN TODAY

WILN monster

WILN reversing 1.16...1.98 book/116m float/80c cash!

Danl. Reportedly Eisenhower stated (behind closed doors) that Canadians were the finest forces he ever commanded.
No drive by shootings or ghettos up there. I live there & have never locked my car or house doors.
People respect each other in Canada.

Yamon.... Got my check for 8k Nortel shares yesterday...

$11.40....

Love Canadian investments.

Glad to be getting in at 2.50. This one should start a nice uptrend. Nice dividends too

Possibly a Company saving deal today. This could get back over $3 quick.

I bought at 3.15, saw it go up to about 3.80, then back down... I managed to get out at 3.2 with a minor profit from that plus a couple of dividend payments. Glad I got out when I did looking at this. I was hoping if the case against apple went well, I would make a good profit... Didn't happen tho

I used to hold this puppy a few years ago around 5 bucks. Some I had bought at 7, but was lucky I didn't hit the high of 9. Lost money, but glad I got out. Presently 2.09, I doubt I would want to hold the stock only for the dividend. But who knows when or if the legal climate changes. If so, one would be happy they got in at 2 dollars. Just too scary for me.

Similar situation with patent buyer/seller vhc. Worse than wiln. Went from a high of over 40 in 2012. Was highly touted by one investor that I trusted and I believe he was sincere in thinking that vhc was going to be terrific. Vhc is now 5.33.

Both of these companies need to be inventing patents on their own in addition to purchasing patents only. Idcc seems to now be doing great, but they build their own patents.

Right now, I believe the troll image is killing both vhc and wiln. Doubt if this perception changes and if it doesn't, I would stay away form both stocks. .. ... Sadly. .. .. nic

Ascalade, Nortel, now Wilan.....

Oh Canada...stick to furs & hockey.

Bagnall: Patience pays off at WiLAN

James Bagnall, Ottawa CitizenMore from James Bagnall, Ottawa Citizen

Published on: May 13, 2015
Last Updated: May 13, 2015 7:20 PM EDT

“What are we here for?” For a moment, I expected WiLAN chief executive Jim Skippen to slip into a discourse on the meaning of life. But, no. On Wednesday morning the battle-hardened executive had something else in mind.

He wanted to explain to his company’s long-suffering shareholders why it was important to believe in WiLAN’s promise despite a 25 per cent plus drop in its share price during the past year.

“We are affected by factors that are bigger than us,” Skippen told a group of WiLAN shareholders and employees, “We feel the market has over-reacted.”

Skippen was characteristically direct. He talked about how patent licensing firms such as WiLAN are facing a multitude of negative influences. Part of it, he acknowledged, stems from the firm’s business model — which involves suing firms that use technologies claimed by WiLAN or its partners.



He said opposition lawyers in these cases have portrayed WiLAN and its competitors as “patent trolls”, firms that are “doing something wrong” by trying to extract royalty payments through the courts. Skippen added that the result is judges and juries in the U.S. are less inclined to render favourable judgments or royalty arrangements.

Another hurdle is a four-year old U.S. law that allows targets of lawsuits to get their patents reviewed by the U.S. Patent Office. Many of these reviews have gone against the patent licensing industry.

In short, it’s a much tougher playing field than Skippen enjoyed in 2006 when he re-launched WiLAN as a patent licensing expert.

Yet, there is a curious disconnect between the company’s actual performance and its share price, which closed Wednesday at $2.62 on the TSX — down from $3.56 a year earlier and a peak of more than $9 in 2011.

Last year, for instance, WiLAN generated $20.1 million from operations on revenues of $98.3 million (all figures U.S.) – a sparkling reversal from the loss of a year earlier. A large part of this reflects a new method of paying for the firm’s outside lawyers — hired guns who are now compensated only after WiLAN wins.

Wi-Lan has also rewarded shareholders since 2009 with a growing dividend that is now among the richest on the TSX. At 21 cents per share, it translated Wednesday to a yield of nearly eight per cent.

Last year, WiLAN shelled out $18.7 million to shareholders — in effect paying them for their patience in holding onto the company’s stock. Indeed, Skippen at one point marvelled that dividend payments now exceed the firm’s annual revenues from when he first took over the firm.

“Anyone who thinks we haven’t been making progress,” he said, “hasn’t been paying attention.”

Skippen noted he is frequently asked why the firm doesn’t decrease the size of its dividends, and use the proceeds to reduce the number of shares. There were 120 million outstanding at the end of March.

Such a move would increase the value of WiLAN’s remaining shares, potentially enriching the value of compensation pulled down by company executives. To his credit, Skippen and the rest of WiLAN’s board of directors have resisted. “We’d rather reward shareholders (with dividends) than help those who want to get out of the stock,” Skippen observed.

In short, he wants to ally himself with investors who are in it for the long haul. A year ago, Skippen predicted his firm would more than double its revenues to $200 million by 2018. To get there, WiLAN needs to generate annual revenue growth of 20 per cent — an aggressive target given the current conditions of the industry.

To lend substance to his projections, Skippen offered shareholders revenue projections for each of WiLAN’s biggest pools of patents — including 4G (fourth generation) wireless technologies and flash memory patents.

Skippen believes Wi-Lan will secure royalties of up to $625 million for his firm’s 40-plus patent portfolios. This is an estimate of payments from agreements expected to be signed over the next few years involving patents currently held by WiLAN. The company also expects to receive up to $325 million courtesy of patent licences already negotiated.

In sum, this suggests potential royalties of $950 million over the next four to six years, depending on the lifespan of the patents.

Skippen scaled back his projections from last year, when he estimated future royalty streams of $1.2 billion — including up to $840 million for royalties yet to be negotiated.

A number of things account for the difference, including deeper conservatism at WiLAN and the fact that juries in patent trials have been awarding lower-than-expected royalty rates.

When Skippen finished his presentation, he called for questions. Oddly, there were none. Perhaps the crowd of investors is content with WiLAN as a dividend play.

jbagnall@ottawacitizen.com

Just a reminder....tomorrow is the day...

WiLAN to Announce First Quarter 2015 Financial Results


OTTAWA, Canada – April 2213, 2015 – WiLAN (TSX:WIN) (NASDAQ:WILN) will release its financial results for the first quarter ended March 31, 2015 on April 29, 2015.

Following the release of its first quarter 2015 financial results, WiLAN will host a conference call and audio webcast with Jim Skippen, CEO and Shaun McEwan, CFO at 10:00 AM Eastern Time the same day.

Calling Information
A live audio webcast will be available at http://www.investorcalendar.com/IC/CEPage.asp?ID=173815
• To access the call from Canada and U.S., dial 1.877.407.0782 (Toll Free)
• To access the call from other locations, dial 1.201.689.8567 (International)

Replay Information
The call will be available at http://www.investorcalendar.com/IC/CEPage.asp?ID=173815
and accessible by telephone until 11:59 PM ET on July 29, 2015.
Replay Number (Toll Free): 1.877.660.6853
Replay Number (International): 1.201.612.7415
Conference ID #: 13606157

WiLAN Subsidiary Acquires Microscopy Patent Portfolio From a Top Research Institution
04/09/2015

OTTAWA, CANADA--(Marketwired - April 9, 2015) - WiLAN (TSX:WIN) (NASDAQ:WILN) today announced that wholly-owned subsidiary, Advanced Microscopy Inc., has acquired, from a top research institution, microscopy-related intellectual property for producing enhanced images. This intellectual property has potential applications including, but not limited to, life sciences, material sciences, and semiconductor research.

The new portfolio is one of over 40 portfolios that WiLAN has available for licensing.

About WiLAN

WiLAN is one of the most successful patent licensing companies in the world and helps companies unlock the value of intellectual property by managing and licensing their patent portfolios. The Company operates in a variety of markets including automotive, digital television, Internet, medical, semiconductor and wireless communication technologies. WiLAN's wholly-owned subsidiary, WiLAN Labs, develops and commercializes innovative solutions to the challenges facing next generation communication networks. Founded in 1992, WiLAN is listed on the TSX and NASDAQ and is included in the S&P/TSX Dividend and Dividend Aristocrats Indexes. For more information: www.wilan.com.

All trademarks and brands mentioned in this release are the property of their respective owners.
Contact Information:
For media and investor inquiries, please contact:
Tyler Burns
Director, Investor Relations
O: 613.688.4330
C: 613.697.0367
tburns@wilan.com