#Canada #Toronto #Quarterhill #Tolling Solutions #ITS provider

Quarterhill's New Tolling Agreement: A Step Towards Enhanced Operations

Quarterhill Inc., a prominent player in the intelligent transportation systems (ITS) sector, has recently announced the successful conclusion of a mediation agreement that marks a significant improvement in its contractual relationships with one of its tolling customers. This development comes as part of Quarterhill's ongoing commitment to foster strong partnerships in the transportation industry.

In the agreement revealed on September 2nd, 2025, Quarterhill has not only reset the contractual terms but has also secured a one-time payment to address historical cost-recovery issues. This payment, expected to be processed in the third quarter of 2025, signals both the company's dedication to accountability and the shared interests between Quarterhill and its clients.

Enhancing Future Collaborations

The newly established terms include improved payment structures, enhanced performance standards, and a more cost-effective framework aimed at increasing annual revenues while lowering operational costs compared to prior agreements. Notably, the contract includes a provision for termination for convenience, which offers additional flexibility during a three-year operational and maintenance period.

The agreement is strategically designed to incentivize exceptional performance, ensuring that both Quarterhill and its customer can benefit from heightened operational efficiency and innovation in service delivery. Chuck Myers, Quarterhill's CEO, stated, "This outcome represents an exciting step forward for Quarterhill and our valued customer. We have worked together in good faith, resolving past issues while establishing a framework that enhances predictability and sets the stage for long-term success."

Acknowledging the Journey

This mediation result comes amid Quarterhill's broader operational transformation efforts, providing critical clarity for shareholders and reaffirming the company's focus on building sustainable customer relationships. The commitment to proactive engagement with clients reflects Quarterhill's understanding of the rapidly evolving technological and business landscape within the ITS sector.

Quarterhill has consistently aimed to be a global leader in tolling and ITS, advocating a strategy that embraces both organic growth and opportunities for acquisition within related markets. The company's reputation as a leading provider of tolling and enforcement solutions is reinforced by this agreement, which highlights the trust placed in them by their customer base.

Looking Ahead

The new agreement is not just an end but the beginning of a refreshed collaborative journey between Quarterhill and its tolling partner. As both entities embark on this path, the emphasis will be on delivering smarter, safer, and more efficient transportation solutions that meet the contemporary demands of users in various markets.

With opportunities ahead, Quarterhill continues to pursue its goals vigorously, fueled by the backing and trust of its clients. This mediation agreement exemplifies both a strategic improvement in relationships and a commitment to excellence that can set benchmarks in the industry. Expect to see Quarterhill thrive as it capitalizes on this agreement and continues to push for innovation in transportation technologies, reshaping the future of travel for the better.

About Quarterhill

Focused on tolling solutions, Quarterhill Inc. aims to lead the ITS sphere with innovations and advanced technologies. Listed on the TSX under the symbol QTRH and on the OTCQX Best Market as QTRHF, the company remains committed to creating sustainable growth opportunities for itself and its clients in the evolving transportation market.