- Quarterhill’s (QTRH) Electronic Transaction Consultants (ETC) has been awarded a California toll systems contract
- The subsidiary will implement and operate electronic toll system integration services for the Alameda County Transportation Commission (ACTC)
- ETC expects the initial term to be ten years with options for up to four additional years of operations and maintenance
- Quarterhill offers solutions in intelligent transportation systems and intellectual property licensing
- Quarterhill (QTRH) is down by 0.52 per cent trading at $1.90 per share
Quarterhill’s (QTRH) ETC has been awarded a California toll systems contract.
ETC is a leading U.S. intelligent transportation systems provider focused on tolling, congestion management, smart mobility and multimodal transportation initiatives.
The subsidiary will implement and operate its express lane toll management system at the ACTC’s I-680 Express Lane facilities with potential for expansion.
ETC expects the initial term to be ten years with options for up to four additional years of operations and maintenance.
The award is subject to the negotiation of a definitive agreement.
“Technology-savvy motorists from the region will expect nothing less than the most advanced systems in the industry and the highest quality of customer service, and ETC is poised to deliver both,” stated Kevin Holbert, ETC’s CEO.
Quarterhill offers solutions in intelligent transportation systems and intellectual property licensing.
Quarterhill (QTRH) is down by 0.52 per cent trading at $1.90 per share as of 12:13 pm EST.