Quarterhill Announces Repayment of Convertible Debentures

(TSX:QTRH) Quarterhill Inc. announced that it has repaid in full the CAD $57.5 million aggregate principal amount of its 6.0% convertible unsecured subordinated debentures, including all accrued and unpaid interest, on the maturity date of October 30, 2026. The Convertible Debentures will be delisted from the Toronto Stock Exchange, where they traded under the symbol QTRH.DB (CUSIP 747713AA3), effective at the close of markets on October 30, 2026. Payment for the Convertible Debentures was processed through Computershare Trust Company of Canada, acting as debenture trustee. The company provides next-generation, AI-driven Intelligent Transportation System (ITS) solutions. Quarterhill's platforms process billions of transactions annually and perform compliance and safety inspections on millions of commercial vehicles each year. The company's technology enables transportation agencies worldwide to optimize thousands of lanes of traffic. Quarterhill leverages advanced artificial intelligence and machine learning technologies to deliver automation and predictive insight for transportation network management. The company works in partnership with governments, communities, and industry leaders to build connected roadways and advance intelligent, resilient mobility. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF.

Quarterhill Partners with PennDOT to Support Commercial Vehicle Monitoring Technology Infrastructure

(TSX: QTRH) (OTCQX: QTRHF) Quarterhill Inc. has secured a contract with the Pennsylvania Department of Transportation to provide ongoing maintenance, calibration, and support services for the Commonwealth's Weigh-In-Motion program. The agreement is valued at approximately $4.6 million over an initial three-year term with options to extend for an additional two years. Quarterhill will deliver scheduled maintenance, emergency repair services, and system calibration for PennDOT's network of planning and compliance WIM sites across the state, including support for new site installations, upgrades, and reporting integration with PennDOT's Field Operations Manager system. In 2026 alone, the Company has secured contracts with agencies in Oklahoma, Illinois, Indiana, California, New Jersey, and Massachusetts. 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.

Quarterhill Reports Second Quarter 2026 Financial Results

(TSX: QTRH) (OTCQX: QTRHF) Quarterhill Inc. reported financial results for the second quarter ended June 30, 2026, delivering its strongest quarter of profitability in over three years, generating $4.6 million in adjusted EBITDA and an adjusted EBITDA margin of 11%. The company entered into a definitive agreement to acquire substantially all the assets of Conduent's tolling solutions business for $70 million in cash and Quarterhill common shares representing approximately 7% of the Company's outstanding shares following closing. Revenue for the quarter ended June 30, 2026, was $42.5 million, compared to $43.1 million in the year-ago period. Gross margin expanded to 29%, an improvement of 1,400 basis points compared to 15% in Q2 2025. Cash generated from operations for the quarter ended June 30, 2026, was $5.7 million, compared to cash used from operations of ($4.6) million in Q2 2025. Revenue backlog was $415 million at June 30, 2026. Cash and cash equivalents were $26.2 million at June 30, 2026, compared to $14.7 million at March 31, 2026.

Quarterhill Awarded $5.25 Million Oklahoma DOT Contract to Modernize Commercial Vehicle Screening Infrastructure

(TSX: QTRH) (OTCQX: QTRHF) Quarterhill Inc. announced a new $5.25 million contract with the Oklahoma Department of Transportation (ODOT), expanding its longstanding partnership. Quarterhill will deploy advanced commercial vehicle screening technologies at an existing weigh station along Interstate 35, beginning in August 2026. The technology suite includes Mainline and Ramp Sorter Systems, Weigh-In-Motion, Electronic Screening, Tire Anomaly Classification System (TACS) technology, and Dimensioning capabilities. The project aligns with ODOT's broader modernization initiative that includes new technology and roadway improvements at an existing commercial vehicle inspection site. Quarterhill's recent announcements include projects and partnerships with U.S.-based transportation agencies in Illinois, Utah, Indiana, California, New Jersey, and Massachusetts. 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. The company projects that by integrating intelligent screening technologies, the project is expected to improve traffic flow, strengthen roadway safety and support more efficient freight movement.

Quarterhill to Acquire Conduent Tolling Solutions Business

(TSX: QTRH) (OTCQX: QTRHF) Quarterhill Inc. announced that it has entered into a definitive asset purchase agreement to acquire substantially all of the assets of the tolling solutions business of Conduent Business Services, LLC and certain of its affiliates for aggregate consideration consisting of $70.0 million in cash, subject to customary adjustments, plus common shares representing 7.0% of the issued and outstanding Shares on closing. 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. Upon closing, Quarterhill and the Business are expected to have approximately $2 billion of combined backlog, 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%. The Transaction is expected to close in Q4 of 2026, subject to customary closing conditions including TSX approval. The Company expects to fund the cash portion of the consideration through debt. The Shares issued as consideration will be subject to a 6 month contractual lock-up for the first 50% and a 12 month lock-up for the remaining 50%, subject to customary exceptions.

Quarterhill and IDOT Partner to Advance Traffic Data and Intelligent Transportation Infrastructure Across Illinois

(TSX: QTRH) (OTCQX: QTRHF) — Quarterhill Inc. 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. The agreement is valued at approximately $2.5 million over an initial three‑year term with an optional annual extension for up to 10 years. Quarterhill will install new Continuous Count Sites ("CCS") and maintain existing locations to ensure traffic data remains accurate, consistent, and available for IDOT's day-to-day operations and long-term planning. In 2026 alone, the company has announced contracts with agencies in Indiana, California, New Jersey, and Massachusetts. Quarterhill's platforms process billions of transactions each year, perform compliance and safety inspections on millions of commercial vehicles, and enable transportation agencies worldwide to optimize thousands of lanes of traffic. The company projects that its technology will support IDOT's ability to maintain and expand its traffic monitoring infrastructure and help strengthen the data foundation behind safer, more efficient transportation planning and roadway operations 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.

Quarterhill Reports First Quarter 2026 Financial Results

Quarterhill Inc. (TSX: QTRH, OTCQX: QTRHF) reported financial results for the first quarter ended March 31, 2026, showing a 14% year-over-year revenue growth to $38.6 million and a gross margin expansion to 28%, up 1,600 basis points from the prior year. The company secured a $60 million credit facility with an additional $100 million uncommitted incremental capacity, and reported a revenue backlog of $428.8 million at March 31, 2026. Adjusted EBITDA was $2.0 million, marking the third consecutive quarter of positive Adjusted EBITDA, while net loss for the quarter was ($5.2) million. Quarterhill also announced several new contracts and expansions in the United States, supporting its growth strategy in the Intelligent Transportation System sector.

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

Quarterhill Inc. announced the expansion of its partnership with the Indiana Department of Transportation (INDOT) through two new Quantity Purchase Award agreements. The agreements, with a combined estimated value of $13 million, will run from May 1, 2026, through April 30, 2030, supporting the expansion, maintenance, and enhancement of INDOT's Weigh-in-Motion (WIM) and Virtual Weigh-in-Motion (VWIM) systems. Quarterhill will provide equipment, software, installation, maintenance, calibration, and system repairs for these systems statewide. The agreements also give INDOT access to Quarterhill's ITHEIA AI-powered, video-based Classification technology. This development is significant for investors as it demonstrates Quarterhill's continued growth in the intelligent transportation system sector and secures multi-year revenue.