Mr. Dave Mason reports

QUARTERHILL ANNOUNCES FULL SYSTEM ACCEPTANCE AND COMPLETION OF MAJOR TOLL SYSTEM PROJECTS FOR CTRMA

Quarterhill Inc. has successfully completed and received full system acceptance of the U.S. 290 toll road project for the Central Texas Regional Mobility Authority (CTRMA). This milestone achievement further cements Quarterhill's reputation as an innovator in the development of tolling technology.

In December, 2021, Quarterhill was awarded the contract to deliver an advanced toll collection system for key segments of CTRMA's network, including U.S. 290 and CTRMA 183A phase III. Today, the company is pleased to confirm that both initiatives have been completed to the full satisfaction of CTRMA, meeting all operational and technical requirements.

US 290 expressway project highlights:

• The U.S. 290 toll road, a six-mile corridor from U.S. 183 to S.H. 130 in East Austin, has been upgraded to an expressway facility, significantly improving travel times for both tolled and non-toll lanes. This enhancement has tripled the existing roadway's capacity, enabling more efficient and safer travel across the region.
• The integration of direct connectors at both U.S. 183 and S.H. 130 promotes seamless vehicular movement, reduces congestion and improves connectivity, benefiting countless commuters and contributing to economic growth in Williamson county and northeastern Travis county.

CTRMA 183A phase III highlights:

• The completion of phase III of the 183A toll supports CTRMA's infrastructure improvements that provide direct access between key points and improve the flow of traffic.
• Collaboration with TxDOT (Texas Department of Transportation) and other stakeholders was pivotal in completing this project, underscoring Quarterhill's commitment to agency collaboration.

The toll systems on both roadways are fully automated, utilizing all-electronic tolling mechanisms that include options for electronic tags or pay by mail, aligning with modern tolling practices and ensuring a user-friendly experience for all motorists.

"We are thrilled with the successful launch and system acceptance at two of our projects as part of our ongoing partnership with Quarterhill. This milestone not only demonstrates CTRMA's commitment to enhancing transportation infrastructure but also marks a significant step forward in utilizing advanced tolling technologies," said Greg Mack, director of IT (information technology) and toll systems at CTRMA. "We are confident that Quarterhill's innovative solutions will continue to improve the efficiency and reliability of our road networks, offering a superior travel experience for our community."

"We are pleased to have reached this significant milestone," said Chuck Myers, chief executive officer of Quarterhill. "The successful delivery of these complex projects not only demonstrates our technical capabilities but also our dedication to collaboration that enhances transportation efficiency. We are proud to support CTRMA in their mission to provide innovative mobility solutions."

As these projects move from completion to operational phases, Quarterhill remains committed to supporting CTRMA with continuing maintenance and technology advancements to ensure the highest levels of service and reliability.

About Quarterhill Inc.

Quarterhill is a leading provider of tolling, safety and enforcement, and logistics solutions in the intelligent transportation system (ITS) industry. Quarterhill's goal is technology-driven global leadership in ITS through organic growth of the company's businesses 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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