- ETC is the new toll collection system provider on State
Highway 71 in Austin,
Texas.
- This is the first of six toll road projects that will adopt
ETC's toll collection system in the Greater Austin area.
TORONTO, Oct. 11,
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 its wholly-owned
subsidiary, Electronic Transaction Consultants ("ETC"), has
launched its new toll collection system with the Central Texas
Regional Mobility Authority ("CTRMA") on State Highway 71 ("SH 71")
in Austin, Texas.
The 71 Toll Lane on SH 71 is a major traffic corridor connecting
drivers to Austin-Bergstrom International Airport, the city of
Bastrop, and points beyond. ETC
has introduced a state-of-the-art toll collection system to enhance
the toll experience along a bustling four-mile segment of SH 71.
This upgraded toll system on SH 71 provides a seamless and
dependable bypass route for through traffic, ensuring smoother
journeys for all, especially during peak hour congestion. The same
number of non-tolled travel lanes that were in place before the
project began, remain available to drivers.
This project is the first of six existing CTRMA toll facilities
that will see ETC's state-of-the art toll collection system
deployed in the Austin area. For
these projects, ETC is deploying its riteSuite™, a comprehensive
suite of roadside equipment, technology, and support solutions.
riteSuite brings intelligence and efficiency to the lane. The
onsite roadside integration of equipment gives CTRMA the ability to
track a vehicle as it goes through a lane, identify its
classification, read its transponder and license plate, assign it a
price, and then alert the back office for processing and billing. A
suite of analytics, reporting, and dashboard tools helps to
identify, track, and respond to issues as they happen and to
monitor trends over any time period. System uptime and accuracy of
vehicle information are key metrics on which ETC is evaluated,
"We are always exploring new and price-reliable technologies to
help better serve our customers. We've found a partner in ETC whose
goals align with our own. Together, we are proud to be part of the
next-generation tolling system, envisioned, developed, and
implemented for drivers in Central
Texas," said Greg Mack,
Director of IT at the Mobility Authority. "We look forward to the
ongoing partnership and the road that lies ahead."
"We are committed to providing Austin-area drivers with the highest level of
service and convenience and to helping CTRMA achieve its goals of
improving mobility and traffic safety for the communities they
serve," said Kevin Holbert,
President of ETC. "We look forward to continuing to expand our
relationship with CTRMA with the existing and new projects CTRMA
has coming up in Central
Texas."
Chuck Myers, CEO of Quarterhill,
added: "We are pleased to go live on SH 71, the first of our
projects with CTRMA and the second toll project launch for
Quarterhill in the past month. Transitioning our ongoing tolling
projects from implementation to the operations phase is important
for Quarterhill as we work to expand our presence in the US tolling
market and drive top-line and margin growth for the business."
About Quarterhill
Quarterhill is a leading provider of tolling and enforcement
solutions in the Intelligent Transportation System (ITS) industry.
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.
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, urban mobility, and multimodal
transportation needs. ETC's passionate and innovative team has been
driving the future of mobility since 1999, with several 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 the Central Texas Regional
Mobility Authority
The Central Texas Regional Mobility Authority is a local,
independent government agency created in 2002 to develop, deliver,
operate, and maintain high-quality roadways and related
transportation solutions. The Mobility Authority operates 183A
Toll, 290 Toll, the 71 Toll Lane, the MoPac Express Lane, the 45SW
Toll Road, and the 183 Toll Road. The agency is also constructing
the Barton Skyway Ramp Relief, 183A Phase III, 183 North Mobility
Projects. For more information about the Mobility Authority, visit
www.MobilityAuthority.com.
Forward-looking
Information
This news release contains forward-looking statements regarding
Quarterhill, its operating subsidiaries and their respective
businesses. Forward-looking statements are based on estimates and
assumptions made by Quarterhill in light of its experience and its
perception of historical trends, current conditions, expected
future developments and the expected effects of new business
strategies, as well as other factors that Quarterhill believes 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 Quarterhill, which include, without
limitation, the risks described in Quarterhill's March 22, 2023 annual information form for the
year ended December 31, 2022 (the
"AIF"). In addition, readers are also urged to review the
additional risk factors disclosed in our Management's Discussion
and Analysis for the three and six months ended June 30, 2023 filed on www.sedarplus.ca.
Quarterhill recommends that readers review and consider all of
these risk factors and notes that readers should not place undue
reliance on any of Quarterhill's forward-looking statements.
Quarterhill 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.