Mr. Chuck Myers reports

QUARTERHILL ANOUNCES THE LAUNCH OF THE E-ZPASS(TM) INTEROPERABILITY HUB

Quarterhill Inc.'s wholly owned subsidiary, Electronic Transaction Consultants (ETC), has launched operations of the E-ZPass Interoperability (EZIOP) hub with all E-ZPass members now using the new hub.

In April, 2022, ETC entered into an agreement for the implementation and operations of the EZIOP hub on behalf of the E-ZPass InterAgency Group (IAG) members. The IAG consists of members in multiple states, servicing more than 36 million accounts, over 53 million toll transponders, and the collection of electronic toll revenues exceeding $12.8-billion.

The EZIOP cloud-based hub enables a streamlined exchange of transponder, licence plate and transaction data via a centralized interoperability hub between IAG members, third parties and other regional hubs. The hub will help IAG members provide a seamless tolling experience for their customers across interstate lines, with less time and effort than before. The project accommodates a flexible phased adoption of national interoperability standards via the enhanced interface control document and paves the way for nationwide toll interoperability while supporting IAG members' future integrated mobility initiatives.

"Launching the EZIOP hub is an important step in our goal to advance electronic tolling interoperability throughout North America," said P.J. Wilkins, executive director at E-ZPass Group and IAG Service Corp. "Doing so supports our members in providing their customers with a seamless, accurate, interoperable method of collecting tolls and fees, and facilitating other mobility payments. Thank you to ETC for a successful transition and timely delivery of this concise technology solution."

"The EZIOP hub is a critical program for E-ZPass members and their customers, and we appreciate the confidence placed in ETC by those members for the delivery of this advanced solution," said Kevin Holbert, president of ETC. "The EZIOP hub leverages ETC's 18 years of interoperability experience, award-winning technology, and a passionate and dedicated team committed to our customers' success. We are confident that the new EZIOP hub will give IAG members everything they need to meet their financial, operational and customer service goals."

Chuck Myers, chief executive officer of Quarterhill, added: "The launch of the EZIOP hub on ETC technology is a major step for the company that bolsters our reputation for delivering leading-edge transportation technology and operational excellence. It also moves another significant implementation project into its operations phase, which, overall, has a favourable impact on Quarterhill's financial outlook."

About E-ZPass InterAgency Group

The E-ZPass IAG operates the largest, most successful toll interoperability network in the world. More than 53 million toll transponders are in use in the E-ZPass network, collecting more than $15.6-billion in annual toll revenues of which more than $12.8-billion is collected electronically and over $6.1-billion exchanged between IAG members through toll reciprocity programs.

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, 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 Toronto Stock Exchange under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF.

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 statewide programs, county networks and tolling-specific authorities. ETC's solutions process over two billion transactions annually totalling over $3-billion in revenues for its customers, incorporating the latest in evergreen open-source and software-as-a-service technologies and big data architecture through its innovative Ritesuite products.

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