Quarterhill Inc - QTRHF stock
OTC Symbol: QTRHF | OTC Tier: OTCQX International | Related ticker symbols: TSX: QTRH
About[edit]
Quarterhill Inc. is a Canadian company operating globally in the intelligent transportation system and intellectual property licensing industries. Through its Intellectual Property Licensing segment, the company manages patents related to various technologies, including wireless communications, semiconductor manufacturing, computer gaming, and more. In addition, Quarterhill's Intelligent Transportation Systems segment offers riteSuite, which provides mobility solutions and traffic management systems, including all-electronic tolling, dynamic pricing, and machine learning. The company was formerly known as Wi-LAN Inc. and changed its name to Quarterhill Inc. in June 2017. It was founded in 1992 and is headquartered in Toronto, Canada.[1]
History[edit]
Quarterhill Inc., formerly known as Wi-LAN Inc., has a history dating back to its founding in 1992. The company's origin can be traced to Ottawa, Ontario, Canada, where it was established with a focus on intellectual property licensing and innovation in the wireless communications industry. Originally, Quarterhill/Wi-LAN focused on acquiring and licensing patents related to wireless technologies. The company became known for its extensive patent portfolio covering various aspects of wireless communications, including cellular, Wi-Fi, and other wireless technologies. Over time, Quarterhill/Wi-LAN expanded its intellectual property licensing activities to cover a broader range of technologies, including semiconductor manufacturing, memory interface technologies, computer gaming, and more. The company's licensing model involved entering into agreements with various companies, allowing them to use its patented technologies in exchange for licensing fees.[2]
In June 2017, the company underwent a significant rebranding and changed its name from Wi-LAN Inc. to Quarterhill Inc., reflecting its diversification beyond wireless technologies and its growing presence in various intellectual property licensing industries.[3] Beyond its intellectual property licensing endeavors, Quarterhill Inc. expanded its operations to include the Intelligent Transportation Systems segment, offering various mobility solutions and traffic management systems to address the growing demands of the transportation industry.[2]
Companies[edit]
ETC[edit]
ETC offers comprehensive mobility solutions to some of the largest tolling authorities in the United States, serving states such as Texas, California, and Illinois. ETC's primary offerings center around the riteSuiteTM platform, which is a highly adaptable and scalable tolling and mobility solution based in the cloud. This platform encompasses both roadside and back-office applications and excels in tasks such as vehicle identification, tracking, dynamic pricing, and fostering interoperability among different agencies. Annually, ETC's platform handles over two billion transactions, translating to more than $3.0 billion in toll billings, spanning across more than 1,500 toll lanes exclusively within the United States.[4]
International Road Dynamics Inc.[edit]
International Road Dynamics Inc. (IRD) is a versatile technology company with the capability to combine various Intelligent Transportation Systems (ITS) technologies into solutions crafted to address distinctive and complex transportation issues. IRD stands out as the single-point provider capable of delivering comprehensive solutions by integrating a range of diverse technologies to achieve the desired functionality.IRD business lines include: Weight Enforcement, Toll Collection, Bridge Monitoring & Safety, Data Collection, Access Control & Security, Highway Traffic Management Systems, , Traffic Products, Traffic Safety, and Weigh-In-Motion Scales & Sensors.[5]
E-ZPass Interoperability Hub[edit]
In April 2022, Quarterhill's subsidiary, Electronic Transaction Consultants (ETC) entered into an agreement to implement and manage the EZIOP Hub on behalf of the E-ZPass® InterAgency Group (IAG) members. The IAG comprises members from various states, collectively serving more than 36 million accounts and over 53 million toll transponders. Additionally, they handle the collection of electronic toll revenues exceeding $12.8 billion. In December, 2023 ETC initiated the operation of the EZIOP Hub, which all E-ZPass members are now using.[6]
The EZIOP Hub, which is cloud-based, facilitates the efficient exchange of transponder, license plate, and transaction data through a centralized interoperability hub connecting IAG members, third parties, and other Regional Hubs. This Hub enhances the ability of IAG members to offer a seamless tolling experience for their customers across state lines, with reduced time and effort compared to previous methods. Furthermore, the project allows for a flexible phased adoption of national interoperability standards, as outlined in the Enhanced Interface Control Document, paving the way for nationwide toll interoperability while also supporting the integrated mobility initiatives of IAG members in the future.[6]
- ↑ Yahoo Finance. QTRHF Stock Profile. Retrieved on 8/29/2023.
- ↑ 2.0 2.1 Wikipedia. Quarterhill. Retrieved on 8/30/2023.
- ↑ quarterhill.com. WiLAN Changes Name to Quarterhill Inc. Completes Acquisition of International Road Dynamics. June 1, 2017.
- ↑ quarterhill.com. Who We Are - About Us. Retrieved on 12/17/2023.
- ↑ irdinc.com. About Us. Retrieved on 12/17/2023.
- ↑ 6.0 6.1 PRNewswire. Quarterhill Announces the Launch of the E-ZPass® Interoperability Hub. December 14, 2023.
