Latest news with #IntelligentTransportationSystem
Cision Canada
30-07-2025
- Business
- Cision Canada
Quarterhill to Announce Q2 2025 Financial Results
TORONTO, July 30, 2025 /CNW/ - Quarterhill Inc. ("Quarterhill") (TSX: QTRH) (OTCQX: QTRHF) will release its financial results for the three and six months ended June 30, 2025, on Wednesday, August 13, 2025. Chuck Myers, CEO, and David Charron, CFO, will host a conference call and audio webcast at 10:00 a.m. ET the same day. Webcast Information Traditional Dial-in Information To 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 conference call by phone, please use the following URL to easily register and be connected into the conference call automatically: Telephone Replay Telephone replay will be available from August 13, 2025, until August 20, 2025, at: 1.888.660.6345 (Toll Free North America) or 1.289.819.1450. Conference ID: 30578 and Replay Passcode: 30578 # About Quarterhill Quarterhill is a leading provider of tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry. Our goal is technology-driven global leadership in ITS, via organic growth of our tolling and enforcement businesses, and by continuing an acquisition-oriented investment strategy that capitalizes on attractive growth opportunities within ITS and its adjacent markets. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: SOURCE Quarterhill Inc.
Cision Canada
24-07-2025
- Business
- Cision Canada
Quarterhill Streamlines Operations to Reduce Costs and Align with Strategic Priorities
TORONTO, July 24, 2025 /CNW/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), today announced a workforce reduction of approximately 100 positions, representing approximately 15% of total headcount. This strategic initiative is intended to reduce costs, accelerate the path toward sustainable positive Adjusted EBITDA and operating cash flow, and better align resources with our long-term strategic priorities and those of our customers. The reduction, affecting both contract and full-time roles in roughly equal measure, is expected to generate annualized cost savings of approximately US$12 million. The reduction is primarily focused on operational areas that affect cost of sales, with a partial benefit to be realized in 2025 and the full benefit expected in 2026. "While it is always difficult to part with good people, these changes are necessary to ensure we remain focused and well-positioned for long-term growth," said Chuck Myers, CEO at Quarterhill. "This is one of several decisive steps we are taking to strengthen our financial foundation, and represents a critical milestone in our objective to achieve positive Adjusted EBITDA margins and operating cash flow. At the same time, as we progress through this transition period, we will be better positioned to serve our customers with the highest standard of service." About Quarterhill Quarterhill is a leading provider of tolling, safety and enforcement, and logistics solutions in the Intelligent Transportation System (ITS) industry. Our goal is technology-driven global leadership in ITS, via organic growth of our businesses, and by continuing an acquisition-oriented investment strategy that capitalizes on attractive growth opportunities within ITS and its adjacent markets. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: 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"). 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. Specifically, this news release contains forward-looking statements relating to, but not limited to: the anticipated cost savings from the workforce reduction; the Company's ability and path to achieve sustainable positive Adjusted EBITDA; and the impact of the workforce reduction on the Company's operations, financial position and results. 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; force majeure risks; and other risks set forth in the Company's most recent annual information form available on SEDAR+ at 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. These foregoing lists are not exhaustive. Additional information on these and other factors which could affect the Company's operations or financial results are included in the Company's most recent annual information form and other public documents on file with the Canadian Securities regulatory authorities on The forward-looking statements represent the Company's views as at the date of this news release. There can be no assurance that forward-looking statements will prove to be accurate, as actual events and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on any forward-looking statement. The Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.
Cision Canada
18-07-2025
- Business
- Cision Canada
Quarterhill Files Final Base Shelf Prospectus
TORONTO, July 18, 2025 /CNW/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), announces today that it has obtained a receipt for its final short form base shelf prospectus with the securities commissions in each of the provinces and territories of Canada, except Quebec. As previously announced, the final base shelf prospectus allows the Company to qualify the distribution by way of prospectus in Canada of up to C$200 million of common shares, preferred shares, debt securities, warrants, subscription receipts, units, or any combination thereof, during the 25-month period that the base shelf prospectus is effective. The specific terms of any offering under the base shelf prospectus will be established in a prospectus supplement, which will be filed with the applicable Canadian securities regulatory authorities in connection with any such offering. The shelf prospectus will enable the Company to access new capital or issue securities in connection with strategic acquisitions, if and when needed. The amount and timing of any future offerings or issuances will be based on the Company's financial requirements and market conditions at that time. A copy of the final short form base shelf prospectus can be found on SEDAR+ at This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. About Quarterhill Quarterhill is a leading provider of tolling, safety and enforcement, and logistics solutions in the Intelligent Transportation System (ITS) industry. Our goal is technology-driven global leadership in ITS, via organic growth of our businesses, and by continuing an acquisition-oriented investment strategy that capitalizes on attractive growth opportunities within ITS and its adjacent markets. Quarterhill is listed on the TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: 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"). 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. Specifically, this news release contains forward-looking statements relating to, but not limited to: the filing and effectiveness of any potential prospectus supplement in the future; future financing opportunities; the amount and terms of any securities to be offered under one or more shelf prospectus supplement(s); and the Company's focus on its acquisition strategy. 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; force majeure risks; and other risks set forth in the Company's most recent annual information form available on SEDAR+ at 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. These foregoing lists are not exhaustive. Additional information on these and other factors which could affect the Company's operations or financial results are included in the Company's most recent annual information form and other public documents on file with the Canadian Securities regulatory authorities on The forward-looking statements represent the Company's views as at the date of this news release. There can be no assurance that forward-looking statements will prove to be accurate, as actual events and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on any forward-looking statement. The Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities law.
Hindustan Times
29-06-2025
- Automotive
- Hindustan Times
Motorists will soon be able to know highway route attracting least toll amount. Here's how
NHAI's Rajmargyatra mobile app will show the best route to motorists, depending on the least toll from July 2025. (HT_PRINT) Check Offers The Rajmargyatra mobile application from the National Highways Authority of India (NHAI) will inform the motorists about the route attracting the least amount of toll between two destinations. The application provides the motorists with comprehensive information about the national highways and also comes with a grievance redressal system. Speaking to news agency PTI, Amrit Singha, Chief Product Officer, Intelligent Transportation System (ITS) of Indian Highways Management Company (IHMCL), said if there are three routes to travel to Lucknow from Delhi, the application will help the commuter choose the best one. Also, it will show which route commands the least amount of toll between these two destinations. "You can travel to Lucknow from Delhi via Yamuna Expressway, or travel by crossing Ghaziabad-Aligarh-Kanpur-Lucknow or app will inform motorists about the route which will attract the least amount of toll between Delhi and Lucknow," Singha reportedly said. He also said that two-wheelers and three-wheelers illegally enter the access-controlled Delhi-Gurgaon and Dwarka Expressway, citing the data compiled by NHAI's Advanced Traffic Management System(ATMS). As per the ATMS sample data, between June 21 and June 23, a total of 1.73 lakh violations were recorded, and more than one lakh of these were related to banned vehicles. Singha further said that NHAI is likely to open a 67-km-long spur connecting Bandikui to Jaipur via the Delhi-Mumbai Expressway, which will reduce travel time between these destinations. NHAI Rajasthan regional officer Pradeep Atri said that this new four-lane access-controlled Bandikui-Jaipur stretch, built at a cost of ₹ 1,368 crore, is expected to open for traffic trials by mid-July this year. This road was constructed in about 2.5 years and is expected to shift a major chunk of traffic from the old Delhi-Jaipur highway. Currently, it takes around four hours to drive from Delhi to Jaipur, 2.5 hours to reach Bandikui via the Delhi-Mumbai Expressway and another 1.5 hours to cover the last 67 km. With the new spur, this journey could be completed in about three hours. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 29 Jun 2025, 10:12 AM IST
News18
29-06-2025
- Automotive
- News18
Motorists Will Soon Be Able To Know Highway Route Attracting Least Toll Amount, Here's How
Last Updated: As per the ATMS sample data, between June 21 and June 23, 1.73 lakh violations were recorded and more than one lakh of these were related to banned vehicles. NHAI's Rajmargyatra app will have a new feature from next month to inform motorists about the route attracting least amount of toll between two destinations, a senior government official has said. Rajmargyatra provides travellers with comprehensive information about national highways and also offers them an efficient grievance redressal mechanism. Citing an example, Amrit Singha, Chief Product officer, Intelligent Transportation System (ITS) of Indian Highways Management Company (IHMCL) said there are three routes to travel to Lucknow from Delhi and the app will help commuter choose the best one. 'You can travel to Lucknow from Delhi via Yamuna Expressway, or travel by crossing Ghaziabad-Aligarh-Kanpur-Lucknow or Moradabad-Bareilly-Sitapur-Lucknow…The app will inform motorists about the route which will attract least amount of toll between Delhi and Lucknow," Singha said. He rued that two and three-wheeler riders are illegally entering the access-controlled Delhi-Gudgaon and Dwarka Expressway, citing the data compiled by NHAI's Advanced Traffic Management System(ATMS). As per the ATMS sample data, between June 21 and June 23, 1.73 lakh violations were recorded and more than one lakh of these were related to banned vehicles. Bandikui to Jaipur via the Delhi-Mumbai Expressway, which will reduce travel time. Currently, it takes around 4 hours to drive from Delhi to Jaipur — 2.5 hours to reach Bandikui via the Delhi-Mumbai Expressway and another 1.5 hours to cover the last 67 km. With the new spur, this journey could be completed in about 3 hours. PTI BKS ANU . First Published: June 29, 2025, 08:03 IST
