Core Insights - Quarterhill Inc. has announced a three-year contract extension with the Illinois Tollway, valued at approximately $10.7 million, to support toll revenue management and maintenance programs [2][4]. Group 1: Contract Details - The contract extension runs from January 31, 2026, through January 30, 2029, allowing Quarterhill to continue enhancing legacy back-office and roadside transactional systems critical for daily toll collection [2][3]. - The collaboration aims to ensure seamless integration with existing systems, supporting uninterrupted toll collection and enhancing system reliability [3][4]. Group 2: Company Commitment and Strategy - Quarterhill's CEO emphasized the shared commitment to safety, reliability, and customer service, highlighting the importance of maintaining critical tolling systems for a positive driver experience [4][5]. - The extension reinforces Quarterhill's long-term service to transportation agencies, showcasing its collaborative approach to delivering secure and scalable solutions for tolling operations [5][6]. Group 3: Company Overview - Quarterhill is recognized as a global leader in the Intelligent Transportation System (ITS) industry, focusing on smart infrastructure solutions that enhance mobility and reduce congestion [6]. - The company's platforms process billions of transactions annually and utilize advanced technologies like artificial intelligence and machine learning to optimize transportation networks [6].

Company Overview - Quarterhill Inc. is a leading global provider of intelligent transportation system (ITS) solutions, focusing on smart infrastructure that enhances mobility, reduces congestion, and improves roadway safety [4] - The company processes billions of transactions annually, conducts compliance and safety inspections on millions of commercial vehicles, and helps transportation agencies optimize traffic management [4] Leadership Appointment - Burland East has been appointed to Quarterhill's Board of Directors, effective January 1, 2026 [1] - Mr. East brings over 30 years of experience in capital markets, having raised approximately $20 billion in capital through various transactions, including 28 IPOs [2][3] - His expertise in working with institutional investors and navigating financial transactions is expected to strengthen Quarterhill's strategic initiatives and growth plans [3] Strategic Vision - The company aims to leverage Mr. East's experience to optimize its financial strategy and drive sustainable long-term value for shareholders [3] - Quarterhill is focused on building connected roadways and shaping the future of intelligent, resilient mobility through partnerships with governments and industry leaders [4]