Mr. Chuck Myers reports

QUARTERHILL APPOINTS DAVID CHARRON AS CHIEF FINANCIAL OFFICER

Quarterhill Inc. has appointed David Charron as chief financial officer, effective June 17, 2025. Mr. Charron brings more than 15 years of public company CFO experience and a proven record of driving growth and operational excellence in global technology businesses.

"We are pleased to welcome David to our leadership team at this pivotal moment in Quarterhill's evolution," said Chuck Myers, chief executive officer at Quarterhill. "We have made important progress in our turnaround efforts over the past 18 months and are now in the late innings of this transformation. David's extensive public technology company experience, governance expertise, and proven M&A [merger and acquisition] track record make him the ideal leader to help us execute on our next phase of growth."

Mr. Charron most recently served as CFO at Maropost Inc., a global private SaaS (software-as-a-service) company. Prior to that, he spent three years as CFO of Tiny Ltd./WeCommerce Holdings Inc., a publicly traded technology holding company. His public company experience includes four years as CFO of Terago Networks Inc., during which time he also served as interim chief executive officer for six months, as well as at Redknee Solutions Inc., where he served as CFO and corporate secretary for eight years. At Redknee, Mr. Charron successfully closed and integrated five acquisitions while completing $240-million in equity and credit financings.

Mr. Charron currently serves as board director and chair of the audit committee for NowVertical Group, a publicly traded artificial-intelligence-focused data services company. He holds a chartered director designation from the Directors College at McMaster University, is a chartered professional accountant and certified management accountant, and earned his MBA from McMaster University's DeGroote School of Business and bachelor of engineering (electrical) from McMaster University.

Mr. Myers added: "I'd also like to thank Morgan Demkey for his dedicated service as interim CFO during this transition period. Morgan will return to his full-time role as vice-president of operations for our safety and enforcement unit, where he has consistently delivered strong results."

About Quarterhill Inc.

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