Quarterhill

Quarterhill Appoints Chuck Myers as CEO

Retrieved on: 
Tuesday, September 5, 2023
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TORONTO, Sept. 5, 2023 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a leading provider of tolling and enforcement solutions in the Intelligent Transportation System ("ITS") industry, announces that Chuck Myers, a member of its Board of Directors (the "Board"), has been appointed Chief Executive Officer ("CEO") of the Company.

Key Points: 
  • TORONTO, Sept. 5, 2023 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a leading provider of tolling and enforcement solutions in the Intelligent Transportation System ("ITS") industry, announces that Chuck Myers, a member of its Board of Directors (the "Board"), has been appointed Chief Executive Officer ("CEO") of the Company.
  • A member of the Quarterhill Board since May 2023, Mr. Myers most recently served as CEO and board member of Cogniac Corporation, a San Jose, California-based provider of enterprise-class AI deep learning solutions that automate visual inspection through image and video analysis.
  • "Chuck's ITS background, public company experience and familiarity with Quarterhill makes him the ideal CEO and leader for the Company," said Rusty Lewis, Chair of the Board at Quarterhill.
  • During this period, Mr. Myers played significant roles in several acquisitions including Syntonic, Cubic Toll Systems, and JHK Associates.

Quarterhill Announces Strong Q2 Fiscal 2023 Financial Results

Retrieved on: 
Wednesday, August 9, 2023
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Q2 2023 and year-to-date operating results from WiLAN, up to the date of sale on June 15, 2023, are reported as net (loss) income from discontinued operations.

Key Points: 
  • Q2 2023 and year-to-date operating results from WiLAN, up to the date of sale on June 15, 2023, are reported as net (loss) income from discontinued operations.
  • "IRD, our enforcement or commercial vehicle operations unit, had another strong quarter with the highest Q2 revenue in its history, while also generating strong Adjusted EBITDA margins.
  • As a percentage of revenue, SG&A in Q2 2023 was 16% compared to 33% in Q2 2022.
  • Quarterhill will host a conference call to discuss its financial results today at 10:00 AM Eastern Time.

Quarterhill to Host Virtual Annual and Special Meeting of Shareholders on May 8, 2023

Retrieved on: 
Thursday, April 6, 2023
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- Rusty Lewis appointed Lead Independent Director, effective April 3, 2023

Key Points: 
  • - Rusty Lewis appointed Lead Independent Director, effective April 3, 2023
    TORONTO, April 6, 2023 /PRNewswire/ - Quarterhill Inc. ("Quarterhill") (TSX: QTRH) (OTCQX: QTRHF), announces details of its upcoming Annual and Special Meeting of shareholders ("Meeting") to be held virtually on Monday May 8.
  • The company also announces that Rusty Lewis has been appointed Lead Independent Director of Quarterhill's Board of Directors, effective April 3, 2023.
  • Quarterhill is using "notice and access" to deliver proxy-related materials including Quarterhill's notice of meeting, Circular and related materials (collectively the "Meeting Materials") to both registered and non-registered shareholders.
  • Quarterhill is committed to addressing all appropriate questions submitted by shareholders either live during the Meeting or in advance, as timing and circumstances permit.

Quarterhill Announces CEO Change and Preliminary Consolidated Results for Fiscal 2022

Retrieved on: 
Monday, March 20, 2023
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John Gillberry, who is currently Chair of the Board, has been named Interim CEO.

Key Points: 
  • John Gillberry, who is currently Chair of the Board, has been named Interim CEO.
  • Quarterhill's Board has formed a CEO search committee to conduct a search to select the company's next CEO and will be engaging an executive recruiting firm to assist with this process.
  • Quarterhill announces that its consolidated revenue for fiscal 2022 is expected to be in a range of $303-307 million with consolidated Adjusted EBITDA1 expected to be in a range of $63-66 million.
  • Quarterhill will release its complete financial results for the three- and twelve-month periods ended December 31, 2022, on Wednesday, March 22, 2023.

International Bridge, Tunnel & Turnpike Association Recognizes Electronic Transaction Consultants, LLC with 2022 Toll Excellence Award for Private Sector

Retrieved on: 
Tuesday, August 30, 2022
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TORONTO, Aug. 30, 2022 /PRNewswire/ - Quarterhill Inc. ("Quarterhill") (TSX: QTRH) (OTCQX: QTRHF), announces that the International Bridge, Tunnel & Turnpike Association ("IBTTA") has awarded Electronic Transaction Consultants, LLC ("ETC"), a Quarterhill company, the 2022 Toll Excellence Award for Private Sector Innovation for ETC's Accounts Receivable Management ("ARM") application for the Harris County Toll Road Authority ("HCTRA").

Key Points: 
  • TORONTO, Aug. 30, 2022 /PRNewswire/ - Quarterhill Inc. ("Quarterhill") (TSX: QTRH) (OTCQX: QTRHF), announces that the International Bridge, Tunnel & Turnpike Association ("IBTTA") has awarded Electronic Transaction Consultants, LLC ("ETC"), a Quarterhill company, the 2022 Toll Excellence Award for Private Sector Innovation for ETC's Accounts Receivable Management ("ARM") application for the Harris County Toll Road Authority ("HCTRA").
  • The awards will be presented during IBTTA's 90th Annual Meeting & Exhibition in Austin, Texas on September 19, 2022.
  • ETC previously won IBTTA's 2019 Toll Excellence Award for the successful implementation of the Central U.S. Interoperability Hub.
  • For more information, visit www.quarterhill.com
    The International Bridge, Tunnel & Turnpike Association (IBTTA) is the worldwide association for the owners and operators of toll facilities and the businesses that serve them.

Alameda CTC Issues an "Intent to Award" Electronic Transaction Consultants a Contract for Electronic Toll System Integration

Retrieved on: 
Tuesday, August 16, 2022
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This award remains subject to the negotiation and finalization of a definitive contract including all customary terms.

Key Points: 
  • This award remains subject to the negotiation and finalization of a definitive contract including all customary terms.
  • 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.
  • The Alameda County Transportation Commission (Alameda CTC) coordinates countywide transportation planning and delivers essential, voter-supported transportation improvements in every city throughout Alameda County.

WiLAN Signs Second Wireless License in Automotive Industry

Retrieved on: 
Wednesday, July 6, 2022
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OTTAWA, ON, July 6, 2022 /PRNewswire/ - Quarterhill Inc. ("Quarterhill") (TSX: QTRH) (OTCQX: QTRHF) subsidiary WiLAN Inc. ("WiLAN") today announced that it has entered into a license agreement with a company in the automotive industry.

Key Points: 
  • OTTAWA, ON, July 6, 2022 /PRNewswire/ - Quarterhill Inc. ("Quarterhill") (TSX: QTRH) (OTCQX: QTRHF) subsidiary WiLAN Inc. ("WiLAN") today announced that it has entered into a license agreement with a company in the automotive industry.
  • "We are very pleased to have now signed a second major automotive maker to our wireless technology patents," said Andrew Parolin, President and CEO of WiLAN.
  • The license fees payable to WiLAN and all other terms and conditions of this agreement are confidential.
  • WiLAN operates in a variety of markets including automotive, digital television, Internet, medical, semiconductor and wireless communication technologies.

Quarterhill Announces Q1 Fiscal 2022 Financial Results

Retrieved on: 
Thursday, May 12, 2022
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TORONTO, May 12, 2022 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), announces its financial results for the three-month period ended March31, 2022.

Key Points: 
  • TORONTO, May 12, 2022 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), announces its financial results for the three-month period ended March31, 2022.
  • Quarterhill's Management's Discussion and Analysis and financial statements for the three months ended March31, 2022 ("Q1 2022") are available at the Company's website and at its profile at SEDAR .
  • Operating expenses for Q1 2022 were $21.8 million (13% of revenue) compared to $12.5 million (65% of revenue) in Q1 2021.
  • Cash used in operations for Q1 2022 was ($9.2) million compared to ($5.9) million in Q1 2021.

Quarterhill Appoints Andrew Parolin as CEO of WiLAN

Retrieved on: 
Thursday, May 12, 2022
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TORONTO, May 12, 2022 /PRNewswire/ - Quarterhill Inc. ("Quarterhill") (TSX: QTRH) (OTCQX: QTRHF) announces that Andrew Parolin has been appointed CEO of Wi-LAN Inc. ("WiLAN"), its wholly owned patent licensing business.

Key Points: 
  • TORONTO, May 12, 2022 /PRNewswire/ - Quarterhill Inc. ("Quarterhill") (TSX: QTRH) (OTCQX: QTRHF) announces that Andrew Parolin has been appointed CEO of Wi-LAN Inc. ("WiLAN"), its wholly owned patent licensing business.
  • Mr. Parolin has been with WiLAN for 15 years and a key member of the executive team during that time.
  • "Andrew is an exceptional talent in the patent licensing industry and reflects the deep bench strength we have at WiLAN," said Bret Kidd, CEO of Quarterill.
  • He provides great continuity with the team at WiLAN and with the executive and board at Quarterhill and I look forward to working more closely with him."

Quarterhill Announces the Passing of Michael Vladescu

Retrieved on: 
Wednesday, May 4, 2022
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TORONTO, May 4, 2022 /PRNewswire/ - With great sadness, the Executive team and Board of Quarterhill Inc. ("Quarterhill") (TSX: QTRH) (OTCQX: QTRHF) announce the sudden and untimely passing of our friend Michael Vladescu, Chief Executive Officer of Wi-LAN Inc. ("WiLAN").

Key Points: 
  • TORONTO, May 4, 2022 /PRNewswire/ - With great sadness, the Executive team and Board of Quarterhill Inc. ("Quarterhill") (TSX: QTRH) (OTCQX: QTRHF) announce the sudden and untimely passing of our friend Michael Vladescu, Chief Executive Officer of Wi-LAN Inc. ("WiLAN").
  • Michael joined WiLAN, a wholly owned subsidiary of Quarterhill, in 2012 as Chief Operating Officer and has been WiLAN's Chief Executive Officer since 2019.
  • "Michael and I have been friends and colleagues for 25 years and we at Quarterhill are in shock over this sudden loss," said Jim Skippen, Vice-Chair of Quarterhill.
  • The Board and Management of Quarterhill will have further announcements in the near future about the future leadership of WiLAN.