# Quarterhill

> Quarterhill is a Canadian public transportation technology company selling tolling systems, commercial vehicle screening, roadside sensors, traffic analytics and ongoing operations to agencies and road operators worldwide. Its ETC and IRD businesses combine transaction software with physical vehicle detection; it sold control of WiLAN in 2023 to focus on intelligent transportation systems.

- **Founded:** 1992
- **Headquarters:** Toronto, Canada
- **Founders:** Hatim Zaghloul (Co-founder of predecessor Wi-LAN Inc.), Michel Fattouche (Co-founder of predecessor Wi-LAN Inc.)
- **Products:** Electronic tolling and back-office platforms, Quantum automatic vehicle detection and classification, Weigh-in-motion and electronic screening, Tire Anomaly Classification System, iSINC ITS Electronics
- **Notable:** Company reports more than 2 billion toll transactions processed annually., Company reports deployment of commercial vehicle inspection technology in more than 2,000 lanes worldwide., Fourth consecutive quarter of positive adjusted EBITDA in Q2 2026; this is a non-IFRS measure, not net profit.

## Products & services

- **Electronic tolling and back-office platforms** — Vehicle transactions, account management, billing, customer service, interoperability and financial reconciliation; ETC’s platform has historically been branded riteSuite.
- **Quantum automatic vehicle detection and classification** — Software combining LiDAR and in-pavement loop data for tolling vehicle detection, classification and tracking; brought into the group through the 2024 Red Fox acquisition.
- **Weigh-in-motion and electronic screening** — Measures moving commercial vehicles and supports selection for weight, credential and safety inspection, with bypass for compliant vehicles.
- **Tire Anomaly Classification System** — Roadside screening identifies tire anomalies for follow-up inspection.
- **iSINC ITS Electronics** — Rugged controllers connecting sensors, signs, vehicle identification readers and cameras for traffic data and weigh-station automation.
- **iTHEIA** — Video-based AI system for real-time traffic counting and vehicle classification.
- **TMB-13X TOPAS-registered intersection radar** — Above-ground multilane vehicle and cyclist detection with up to nine configurable virtual loops; UK TOPAS 2505B-registered version announced September 24, 2026.
- **Traffic data and lifecycle services** — Traffic counting, planning analytics, installation, monitoring, maintenance, technical support and managed tolling operations.

## Achievements

- Company reports more than 2 billion toll transactions processed annually.
- Company reports deployment of commercial vehicle inspection technology in more than 2,000 lanes worldwide.
- Fourth consecutive quarter of positive adjusted EBITDA in Q2 2026; this is a non-IFRS measure, not net profit.
- TOPAS 2505B registration for the TMB-13X intersection radar announced in September 2026.

## Latest updates

- **2026-09** — September 24: introduced the TOPAS 2505B-registered TMB-13X radar for the UK traffic signal market.
- **2026-09** — September 16: closed C$51.75 million gross equity financing; ATB Cormark Capital Markets and Roth Canada were co-lead underwriters, not identified here as investors.
- **2026-08** — August 13: Q2 revenue US$42.5 million; adjusted EBITDA US$4.6 million; IFRS net loss US$5.6 million.
- **2026-06** — June 30: agreed to acquire Conduent’s tolling assets for US$70 million cash plus shares representing 7% at closing; expected Q4 2026 completion, still pending in the September 24 release.
- **2026-05** — May 26: announced the US$6.3 million Utah tolling back-office award.
- **2026-05** — May 12: entered into the US$60 million credit facility with BTG Pactual’s PCI division.

## Links

- Website: https://www.quarterhill.com/
- LinkedIn: https://www.linkedin.com/company/quarterhill-inc/
- YouTube: https://www.youtube.com/user/irdincanada1
- Facebook: https://www.facebook.com/QuarterhillTech/

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Profile page: https://yespress.io/quarterhill
Published by YesPress — https://yespress.io
Last updated: 2026-10-01