Quarterhill Announces $40 Million Renewal Contract to Upgrade Alameda County Transportation Commission (Alameda CTC) I-580 Express Lanes
Quarterhill (TSX: QTRH) (OTCQX: QTRHF) has secured a $40 million contract to upgrade the Alameda County Transportation Commission (Alameda CTC) I-580 Express Lanes. The project spans 17 months and includes 7 years of operations and maintenance, with an option for 4 additional years at $15 million.
The upgrade will consolidate the I-580 Express Lanes onto the same technology infrastructure as the I-680 Express Lanes, using Quarterhill's riteSuiteâ„¢ platform. The I-580 Express Lanes cover approximately 10 miles eastbound and 12 miles westbound, designed to improve travel times and reduce congestion across Alameda County.
This contract positions Quarterhill as Alameda CTC's exclusive Express Lane Electronic Toll Collection System provider until 2032, with possible extensions to 2036. The project includes updating technical equipment, sign upgrades, and replacing outdated roadside equipment while streamlining operational processes across Alameda CTC's network.
Quarterhill (TSX: QTRH) (OTCQX: QTRHF) ha ottenuto un contratto di 40 milioni di dollari per l'aggiornamento delle corsie Express della Commissione dei Trasporti della Contea di Alameda (Alameda CTC) sulla I-580. Il progetto dura 17 mesi e comprende 7 anni di operazioni e manutenzione, con un'opzione per ulteriori 4 anni a 15 milioni di dollari.
L'aggiornamento consoliderà le corsie Express della I-580 sulla stessa infrastruttura tecnologica delle corsie Express della I-680, utilizzando la piattaforma riteSuite™ di Quarterhill. Le corsie Express della I-580 coprono circa 10 miglia in direzione est e 12 miglia in direzione ovest, progettate per migliorare i tempi di viaggio e ridurre la congestione attraverso la Contea di Alameda.
Questo contratto posiziona Quarterhill come fornitore esclusivo del Sistema di Raccolta Elettronica dei Pedaggi per le corsie Express della Alameda CTC fino al 2032, con possibili estensioni fino al 2036. Il progetto include l'aggiornamento delle attrezzature tecniche, gli aggiornamenti della segnaletica e la sostituzione delle attrezzature stradali obsolete, mentre ottimizza i processi operativi all'interno della rete di Alameda CTC.
Quarterhill (TSX: QTRH) (OTCQX: QTRHF) ha asegurado un contrato de 40 millones de dólares para mejorar los Carriles Exprés de la Comisión de Transporte del Condado de Alameda (Alameda CTC) en la I-580. El proyecto abarca 17 meses e incluye 7 años de operaciones y mantenimiento, con una opción de 4 años adicionales por 15 millones de dólares.
La mejora consolidará los Carriles Exprés de la I-580 en la misma infraestructura tecnológica que los Carriles Exprés de la I-680, utilizando la plataforma riteSuite™ de Quarterhill. Los Carriles Exprés de la I-580 cubren aproximadamente 10 millas en dirección este y 12 millas en dirección oeste, diseñados para mejorar los tiempos de viaje y reducir la congestión en el Condado de Alameda.
Este contrato posiciona a Quarterhill como el proveedor exclusivo del Sistema de Recaudación Electrónica de Peajes para los Carriles Exprés de la Alameda CTC hasta 2032, con posibles extensiones hasta 2036. El proyecto incluye la actualización del equipo técnico, mejoras en la señalización y la sustitución de equipos de carretera obsoletos, mientras optimiza los procesos operativos en la red de la Alameda CTC.
Quarterhill (TSX: QTRH) (OTCQX: QTRHF)는 ì•Œë¼ë©”다 ì¹´ìš´í‹° êµí†µ 위ì›íšŒ(Alameda CTC)ì˜ I-580 ìµìŠ¤í”„ë ˆìŠ¤ ì°¨ì„ ì—…ê·¸ë ˆì´ë“œë¥¼ 위한 4천만 달러 ê³„ì•½ì„ í™•ë³´í–ˆìŠµë‹ˆë‹¤. ì´ í”„ë¡œì 트는 17개월 ë™ì•ˆ 진행ë˜ë©° 7ë…„ì˜ ìš´ì˜ ë° ìœ ì§€ë³´ìˆ˜ë¥¼ í¬í•¨í•˜ê³ 있으며, 1천5백만 ë‹¬ëŸ¬ì— ì¶”ê°€ë¡œ 4ë…„ ì˜µì…˜ì´ ìžˆìŠµë‹ˆë‹¤.
ì—…ê·¸ë ˆì´ë“œëŠ” I-680 ìµìŠ¤í”„ë ˆìŠ¤ ì°¨ì„ ê³¼ ë™ì¼í•œ ê¸°ìˆ ì¸í”„ë¼ë¡œ I-580 ìµìŠ¤í”„ë ˆìŠ¤ ì°¨ì„ ì„ í†µí•©í•˜ë©°, Quarterhillì˜ riteSuiteâ„¢ 플랫í¼ì„ 사용합니다. I-580 ìµìŠ¤í”„ë ˆìŠ¤ ì°¨ì„ ì€ ë™ìª½ìœ¼ë¡œ 약 10마ì¼, 서쪽으로 12마ì¼ì„ 커버하며, ì•Œë¼ë©”다 ì¹´ìš´í‹°ì˜ ì—¬í–‰ ì‹œê°„ì„ ê°œì„ í•˜ê³ í˜¼ìž¡ì„ ì¤„ì´ë„ë¡ ì„¤ê³„ë˜ì—ˆìŠµë‹ˆë‹¤.
ì´ ê³„ì•½ì€ Quarterhillì„ 2032년까지 Alameda CTCì˜ ë…ì ìµìŠ¤í”„ë ˆìŠ¤ ì°¨ì„ ì „ìž í†µí–‰ë£Œ 징수 시스템 공급ìžë¡œ 위치시키며, 2036년까지 연장ë ê°€ëŠ¥ì„±ì´ ìžˆìŠµë‹ˆë‹¤. ì´ í”„ë¡œì 트ì—는 ê¸°ìˆ ìž¥ë¹„ ì—…ë°ì´íŠ¸, í‘œì§€íŒ ì—…ê·¸ë ˆì´ë“œ ë° êµ¬ì‹ ë„ë¡œ 장비 êµì²´ê°€ í¬í•¨ë˜ë©°, Alameda CTCì˜ ë„¤íŠ¸ì›Œí¬ ì „ë°˜ì— ê±¸ì³ ìš´ì˜ í”„ë¡œì„¸ìŠ¤ë¥¼ 간소화합니다.
Quarterhill (TSX: QTRH) (OTCQX: QTRHF) a obtenu un contrat de 40 millions de dollars pour moderniser les voies Express de la Commission des Transports du Comté d'Alameda (Alameda CTC) sur l'I-580. Le projet s'étend sur 17 mois et comprend 7 ans d'exploitation et de maintenance, avec une option pour 4 années supplémentaires pour 15 millions de dollars.
La modernisation va consolider les voies Express de l'I-580 sur la même infrastructure technologique que celle des voies Express de l'I-680, en utilisant la plateforme riteSuite™ de Quarterhill. Les voies Express de l'I-580 couvrent environ 10 miles vers l'est et 12 miles vers l'ouest, conçues pour améliorer les temps de trajet et réduire la congestion dans le comté d'Alameda.
Ce contrat positionne Quarterhill comme le fournisseur exclusif du Système de Collecte Électronique des Péages pour les voies Express de l'Alameda CTC jusqu'en 2032, avec des prolongations possibles jusqu'en 2036. Le projet comprend la mise à jour de l'équipement technique, des améliorations de la signalisation et le remplacement de l'équipement routier obsolète, tout en rationalisant les processus opérationnels au sein du réseau de l'Alameda CTC.
Quarterhill (TSX: QTRH) (OTCQX: QTRHF) hat einen Vertrag über 40 Millionen Dollar zur Modernisierung der Expressspur der Alameda County Transportation Commission (Alameda CTC) auf der I-580 gesichert. Das Projekt erstreckt sich über 17 Monate und umfasst 7 Jahre Betrieb und Wartung, mit einer Option auf zusätzliche 4 Jahre für 15 Millionen Dollar.
Die Modernisierung wird die I-580 Expressspur auf dieselbe Technologieinfrastruktur wie die I-680 Expressspur konsolidieren, wobei die riteSuite™-Plattform von Quarterhill genutzt wird. Die I-580 Expressspur erstreckt sich über etwa 10 Meilen in östlicher und 12 Meilen in westlicher Richtung und ist darauf ausgelegt, die Reisezeiten zu verbessern und die Staus im Alameda County zu reduzieren.
Dieser Vertrag positioniert Quarterhill als exklusiven Anbieter des elektronischen Mautsystems für die Expressspur der Alameda CTC bis 2032, mit möglichen Verlängerungen bis 2036. Das Projekt umfasst die Aktualisierung der technischen Ausrüstung, Verbesserungen der Beschilderung und den Austausch veralteter Straßeninfrastrukturen, während die Betriebsprozesse im Netzwerk der Alameda CTC optimiert werden.
- Secured significant $40 million contract with potential additional $15 million extension
- Established exclusive provider status until 2032 (potential extension to 2036)
- Consolidation of systems will create operational efficiencies
- Long-term recurring revenue through 7-year maintenance agreement
- Extended 17-month implementation period before full system deployment
- Alameda CTC's fully electronic express lanes increase the efficiency of the I-580 and I-680 corridors by giving drivers the option to bypass congested traffic segments under certain conditions.
- Upgrading the I-580 system will create a single, unified platform for Alameda CTC and solidify Quarterhill as its sole Express Lane vendor through 2032.
The Alameda CTC I-580 express lanes are specially designated highway lanes designed to improve travel times and alleviate traffic congestion across Alameda County. These lanes enable a more reliable traveling experience for commuters and travelers in the county by providing an option to bypass congested traffic segments under certain conditions. Express lanes help in managing and mitigating traffic congestion, directly benefiting not just the users of these lanes but also potentially improving conditions in the general-purpose lanes. The I-580 Express Lanes span approximately 10 miles from Hacienda Drive in Pleasanton to Greenville Road in Livermore in the eastbound direction and approximately 12 miles from Greenville Road to just before the I-680 overpass in
Under this contract, Quarterhill will upgrade I-580 Express Lanes onto the same technology infrastructure that underlies the I-680 Express Lanes operations. The project ensures compatibility with recent system replacements at the Alameda CTC I-680 Express Lane facilities, which implemented Quarterhill's riteSuiteâ„¢ to improve mobility and alleviate congestion along the corridor. riteSuite is an updated family of cloud-based, end-to-end tolling and mobility systems built on mainstream open-source platforms for flexible deployment to support transportation growth throughout the region.
The express lane consolidation focuses on streamlining operational processes and applying consistent business rules across Alameda CTC's operations. It also addresses the legacy system's increasing operational exposures and maintenance risks by updating technical equipment, including sign upgrades to accommodate changes to road segments, and decommissioning and replacing outdated roadside equipment. With this project, Quarterhill is positioned as Alameda CTC's sole Express Lane Electronic Toll Collection System provider until 2032, with potential extensions until 2036, emphasizing a long-term commitment to enhancing Alameda County's transportation infrastructure.
"We are thrilled to deepen our partnership with the Alameda CTC through this significant upgrade of the Express Lanes," said Chuck Myers, CEO of Quarterhill. "This upgrade project not only demonstrates Quarterhill's commitment to innovation but also solidifies our position as Alameda CTC's unified provider for electronic tolling solutions. This initiative will streamline operations, ensure uniformity in the application of business rules across Alameda CTC's network, and provide greater maintenance efficiency. We believe this is a pivotal step forward in enhancing customer experience and are proud to play a crucial role in modernizing Alameda County's transportation infrastructure."
About Quarterhill
Quarterhill is a leading provider of tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry. Our goal is technology-driven global leadership in ITS, via organic growth of our tolling and enforcement 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 TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information: .
Forward-looking Information
This news release contains forward-looking information and forward-looking statements within the meaning of applicable Canadian securities laws (collectively, "forward-looking statements"). Such forward-looking statements relate to future events, conditions or future financial performance of ‎Quarterhill based on future economic conditions and courses of action. All statements other ‎than statements of historical fact may be forward-looking statements. Such forward-looking statements ‎are often, but not always, identified by the use of any words such as "seek", "anticipate", "budget", ‎‎"plan", "goal", "expect" and similar expressions.
Forward-looking statements involve known and unknown risks, assumptions, ‎uncertainties and other factors that may cause actual results or events to differ materially from those ‎anticipated in such forward-looking statements. Material risk factors that could cause actual results to differ materially from the forward-looking statements contained in this news release include, among others, demand for Quarterhill's products and services; general economic and market conditions; competition; risks relating to technological advances and cyber-security; and other risks set forth in the Company's most recent annual information form available on SEDAR+ at . The Company believes the expectations reflected in ‎the forward-looking statements are reasonable, but no assurance can be given that these expectations ‎will prove to be correct and such forward-looking statements included in this news release should not be ‎unduly relied upon.‎ Material factors and assumptions used to develop the forward-looking statements contained in this news release include, among others: Quarterhill's ability to execute on its business plan; demand for Quarterhill's products and services; operating assumptions; and financial projections and cost estimates. Quarterhill has no intention, and undertakes no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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