Electronic Transaction Consultants has been
notified of an "intent to award" a contract to deliver the
next-generation express lane toll collection system to support the
Alameda County Transportation Commission
TORONTO, Aug. 16,
2022 /PRNewswire/ - Quarterhill Inc. ("Quarterhill")
(TSX: QTRH) (OTCQX: QTRHF), announces that the Alameda County
Transportation Commission ("Alameda CTC") has announced its final
ranking notification and "intent to award" Electronic Transaction
Consultants, LLC ("ETC"), a Quarterhill company, a contract for the
implementation and operation of the electronic toll system
integration services for the express lanes operated by Alameda CTC.
This award remains subject to the negotiation and finalization of a
definitive contract including all customary terms. ETC expects the
initial term of the contract to be ten (10) years with options for
up to four additional years of operations and maintenance.
Over the course of the expected contract, ETC will deliver
system replacements at the Alameda CTC I-680 Express Lane
facilities, and potentially other Express Lane facilities,
implementing ETC's next-generation express lane toll management
system to improve mobility and alleviate congestion along the
corridor.
"ETC is honored and excited to be selected as Alameda CTC's
technology provider," stated ETC's Chief Executive Officer
Kevin Holbert. "Technology-savvy
motorists from the region will expect nothing less than the most
advanced systems in the industry and the highest quality of
customer service, and ETC is poised to deliver both, in a true
partnership with the Commission. As an industry leader, ETC systems
are architected for responsiveness to changing business needs by
integrating seamlessly with the latest in open-source technologies
and big data infrastructure, for a lean system that will remain
technology relevant for years to come."
About Alameda County Transportation
Authority (Alameda CTC)
The Alameda County Transportation Commission (Alameda CTC)
coordinates countywide transportation planning and delivers
essential, voter-supported transportation improvements in every
city throughout Alameda County. The funding source for Alameda
CTC's expenditure plan is Measure BB, approved by more than 70
percent of voters in 2014. Visit Alameda CTC's website to learn
more, www.alamedactc.org.
About Electronic Transaction
Consultants, LLC
ETC is a leading U.S. intelligent transportation systems
provider, developing and delivering best in class solutions for
tolling, congestion management, smart mobility, and multimodal
transportation initiatives. ETC's passionate and innovative team
has been driving the future of mobility since 1999, with a number
of industry firsts, including all electronic tolling (AET), dynamic
pricing, agency interoperability, hosted mobility solutions and
machine learning.
For over two decades, ETC has delivered sophisticated solutions
to many of the U.S.'s largest toll authorities, including
state-wide programs, county networks and tolling-specific
authorities. ETC's solutions process over two billion transactions
annually totaling over $3 billion in
revenues for our customers, incorporating the latest in evergreen
open-source and SaaS technologies and Big Data architecture through
our innovative riteSuite™ products.
About Quarterhill Inc.
Quarterhill is a leading provider of tolling and enforcement
solutions in the Intelligent Transportation System (ITS) industry,
as well as, through its Wi-LAN Inc. subsidiary, a leader in
Intellectual Property licensing. Our goal is global leadership in
ITS, via organic growth of the Electronic Transaction Consultants,
LLC (ETC) and International Road Dynamics, Inc. (IRD) platforms,
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, visit www.quarterhill.com
Forward-Looking
Information
This news release contains forward-looking statements regarding
ETC, Quarterhill and their businesses. Forward-looking statements
are based on estimates and assumptions made by ETC and/or
Quarterhill in light of their experience and perception of
historical trends, current conditions, expected future developments
and the expected effects of new business strategies, as well as
other factors that ETC and/or Quarterhill believe are appropriate
in the circumstances. The forward-looking events and circumstances
discussed herein may not occur and could differ materially as a
result of known and unknown risk factors and uncertainties
affecting ETC and/or Quarterhill, including: potential risks and
uncertainties relating to the ultimate geographic spread of the
novel coronavirus ("COVID-19"); the severity of the disease; the
duration of the COVID-19 outbreak; actions that may be taken by
governmental authorities to contain the COVID-19 outbreak or to
treat its impact; the potential negative impacts of COVID-19 on the
global economy and financial markets and any resulting impact on
ETC and/or Quarterhill and/or their businesses. Other factors
include, without limitation, the risks described in Quarterhill's
March 11, 2021 annual information
form for the year ended December 31,
2020 (the "AIF"). Copies of the AIF may be obtained at
www.sedar.com. ETC and Quarterhill recommend that readers review
and consider all of these risk factors and notes that readers
should not place undue reliance on any of ETC's forward-looking
statements. ETC has no intention, and undertakes no obligation, to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as
required by law.
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SOURCE Quarterhill Inc.