Mr. Rusty Lewis reports

QUARTERHILL APPOINTS CHUCK MYERS AS CEO

Quarterhill Inc. has appointed Chuck Myers, a member of its board of directors, as chief executive officer of the company.

A member of the Quarterhill board since May, 2023, Mr. Myers most recently served as chief executive officer and board member of Cogniac Corp., a provider (based in San Jose, Calif.) of enterprise-class AI (artificial intelligence) deep learning solutions that automate visual inspection through image and video analysis. Under his leadership, Cogniac was named 2021 Global Entrepreneurial Company of the Year in Computer Vision by Frost & Sullivan and a global leader by IDC in 2022.

"Chuck's ITS [intelligent transportation system] 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. "Chuck brings more than 25 years of leadership experience as a CEO, board member and founder for private and public companies, including a co-founding role at Transcore, an ITS leader, and we are very excited for him to take the wheel at Quarterhill to drive growth in the business and in shareholder value."

Mr. Lewis continued: "At the same time, I'd like to thank John Gillberry for his many years as a director of the company, as well as his most recent stint as interim CEO. John retired from Quarterhill's board earlier this year and assumed the interim CEO role at a time when the company needed to make difficult decisions to stabilize operations and lay a firm foundation for growth. An experienced special situation executive, John led the charge, resulting in the implementation of the company's shared services platform, an optimized SG&A [sales, general and administrative expenses] profile, a return to positive operating margins and the sale of WiLAN. Most importantly, I'm pleased to say that, following this very busy period for the company, Quarterhill is in a strong financial and operational position and poised to capitalize on the growth potential in the ITS industry."

Mr. Myers's background

Prior to his time at Cogniac, Mr. Myers was president, chief executive officer and board member of Airgain Inc., a leading provider of embedded antenna technologies used to enable high performance wireless networking. Earlier in his career, Mr. Myers was a member of the SAIC transportation division, which was instrumental in building the first electronic toll collection system in the United States. That single project subsequently grew into the creation of Transcore, one of the largest electronic toll collection providers in the world. During this period, Mr. Myers played significant roles in several acquisitions, including Syntonic, Cubic Toll Systems and JHK Associates.

Mr. Myers currently serves as an adviser to Platform Science, a revolutionary fleet management platform; Rx.Health, a digital health platform company; and Energy311, a green energy and fintech start-up. Mr. Myers holds a master of science in management of technology from MIT, a bachelor of science in engineering from National University and an organizational leadership certificate from Yale School of Management.

About Quarterhill Inc.

Quarterhill is a leading provider of tolling and enforcement solutions in the intelligent transportation system (ITS) industry. The company's goal is global leadership in ITS, through 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 Toronto Stock Exchange under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF.

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