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Quarterhill ( (TSE:QTRH) ) has provided an announcement.
Quarterhill Inc. has secured a $40 million contract to upgrade the Alameda County Transportation Commission’s I-580 Express Lanes, positioning itself as the exclusive Express Lane vendor until 2032. This project, spanning 17 months with potential maintenance extensions, involves integrating I-580 lanes with the existing I-680 system using Quarterhill’s riteSuite technology, enhancing efficiency and uniformity across Alameda County’s express lanes.
More about Quarterhill
Quarterhill is a prominent provider of tolling and enforcement solutions within the Intelligent Transportation System (ITS) industry. The company aims for technology-driven global leadership in ITS through the organic growth of its tolling and enforcement businesses and an acquisition-oriented investment strategy that leverages attractive growth prospects within ITS and its adjacent markets.
YTD Price Performance: 1.75%
Average Trading Volume: 17,690
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $134.2M
Learn more about QTRH stock on TipRanks’ Stock Analysis page.
