Mr. Chuck Myers reports

QUARTERHILL AND ILLINOIS TOLLWAY EXTEND LONGSTANDING AGREEMENT WITH $10.7 MILLION TOLLING OPERATIONS CONTRACT

Quarterhill Inc. has signed a three-year contract extension with the Illinois Tollway, reinforcing a long-standing commitment to safe, reliable and efficient tolling operations in northern Illinois.

The extension, valued at approximately $10.7-million, runs from Jan. 31, 2026, through Jan. 30, 2029. Under the agreement, Quarterhill will continue working closely with the Illinois Tollway to support and enhance mission-critical legacy back-office and host roadside transactional systems that underpin daily toll collection across the Illinois Tollway system.

Through the collaboration, Quarterhill will provide continuing operational support and system enhancements to ensure seamless integration with roadside transactional systems and multipartner back-office solutions. The work supports uninterrupted toll collection, system reliability and a consistent customer experience while enabling future moderating initiatives.

"The Illinois Tollway has a clear focus on safety, reliability and customer service," said Chuck Myers, chief executive officer of Quarterhill. "This extension reflects our shared commitment to keeping critical tolling systems running smoothly while supporting Illinois Tollway's long-term operational and modernization goals. By working side by side, we help ensure resilient infrastructure and a positive experience for drivers across the network."

The contract supports the Illinois Tollway's toll revenue management and maintenance program and builds on Quarterhill's long-standing role providing services that support the operation of the agency's tolling environment.

With this extension, Quarterhill continues to demonstrate its long-term service to transportation agencies, reinforcing its collaborative approach to delivering secure, resilient and scalable solutions that support mission-critical tolling operations.

About Quarterhill Inc.

Quarterhill is a global leader in the intelligent transportation system (ITS) industry, advancing mobility through smart infrastructure solutions that reduce congestion, improve roadway safety and create more sustainable travel. Each year, Quarterhill's platforms process billions of transactions, perform compliance and safety inspections on millions of commercial vehicles, and enable transportation agencies worldwide to optimize thousands of lanes of traffic to improve travel for everyone. Leveraging advanced artificial intelligence and machine learning technologies, Quarterhill's platform delivers automation and predictive insight to help agencies manage transportation networks more efficiently. By working in close partnership with governments, communities and industry leaders, Quarterhill is building today's connected roadways while shaping the next generation of intelligent, resilient mobility. Quarterhill is listed on the Toronto Stock Exchange under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF.

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