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Quarterhill Reaches Favorable Mediation Agreement, Strengthening Tolling Contract
Quarterhill Reaches Favorable Mediation Agreement, Strengthening Tolling Contract Canad...
About this update from Quarterhill Inc
[{"type":"text","content":"\n\n\n\n Quarterhill Reaches Favorable Mediation Agreement, Strengthening Tolling Contract\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n Sept. 2, 2025\n \n\n /CNW/ - Quarterhill Inc. (\"Quarterhill\" or the \"Company\") (TSX: QTRH) (OTCQX: QTRHF), a leading global provider of intelligent transportation system (\"ITS\") solutions, today announced the successful resolution of a previously disclosed contract renegotiation with one of the Company's tolling customers.\n \n\n The resolution, reached through constructive mediation, reflects the shared commitment of both Quarterhill and its customer to fostering a strong, long-term partnership. Together, the parties chose to reset the relationship on positive new terms, laying the foundation for a healthier, more collaborative, and mutually beneficial future.\n \n\n Pending final approval by the customer's governing body, the resolution includes a one-time payment to Quarterhill in Q3 2025 to address historical cost-recovery matters. In addition, the agreement secures improved payment terms, enhanced performance standards, and a structure that raises annual revenue while simultaneously reducing costs associated with the previous contract. Importantly, the new terms also provide a termination-for-convenience provision covering a three-year operations and maintenance period, with financial incentives that support stronger margins and reward exceptional performance.\n \n\n \"This outcome represents an exciting step forward for Quarterhill and our valued customer,\" said\n \n Chuck Myers\n \n , Chief Executive Officer of Quarterhill. \"By working together in good faith, we've not only resolved past issues but created a framework that strengthens our relationship, improves predictability, and sets the stage for long-term success. This agreement underscores the trust our customers place in Quarterhill and highlights the Company's proactive approach to building sustainable partnerships. We're proud of this resolution and energized about the opportunities it create...