Quarterhill selected to support LA Metro ExpressLanes Back Office modernization program. Oct 15, 2026, 08:00 ET Quarterhill to provide operational expertise and long-term support as subcontractor for one of the nation's largest managed lane back-office modernization programs TORONTO, Oct. 15, 2026 /PRNewswire/ - Quarterhill Inc. ("Quarterhill" or the "Company") (TSX: QTRH) (OTCQX: QTRHF), a leading technology innovator providing next-generation Intelligent Transportation System ("ITS") solutions, today announced it has been selected as a subcontractor to BRiC-TPS, LLC in the implementation of Los Angeles County Metropolitan Transportation Authority's (Metro) new ExpressLanes Back Office System (BOS) to support Metro ExpressLanes Operations and Maintenance on the interstate freeways: I-10, I-110, I-105, and future corridors. Quarterhill's subcontract with BRiC-TPS, LLC is valued at approximately $28.2 million. Metro serves Los Angeles County, one of the most populous counties in the nation, with nearly 10 million residents. The award further expands Quarterhill's presence in California following the Company's recently announced work with the California Department of Transportation (Caltrans) and reinforces its commitment to supporting mission critical transportation infrastructure for agencies across the U.S. Under the agreement, Quarterhill will support BRiC-TPS, LLC in delivering the modernization and support, inclusive of an 8-year base term and two 3-year option periods for up to 14 years of Metro's ExpressLanes back-office environment. The program encompasses core tolling operations, customer account and transaction management, financial and operational reporting, system integrations, and ongoing maintenance and support services. Quarterhill will contribute project management and documentation support, security compliance oversight, on-site Customer Service Center help desk personnel, as well as the integration of communication applications with the back office throughout implementation and ongoing operations of the program. "Transportation agencies are increasingly modernizing the systems that power everyday mobility, and delivering those programs requires both advanced technology and deep operational expertise," said Quarterhill CEO Chuck Myers. "Across our business, we're helping agencies deploy next-generation tolling and intelligent transportation solutions, and we bring that experience to every engagement. We're proud to work alongside BRiC-TPS, LLC in helping LA Metro modernize one of the country's largest managed lane programs." The award further strengthens Quarterhill's position as a trusted partner for transportation agencies seeking to modernize critical infrastructure through a combination of technology, operational excellence, and long-term support. It also demonstrates the Company's ability to deliver complex transportation programs both as a prime contractor and through strategic partnerships, creating additional opportunities across North America. In 2026 alone, the company has secured contracts with agencies in Illinois, Indiana, California, New Jersey, and Massachusetts. About Quarterhill 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 TSX under the symbol QTRH and on the OTCQX Best Market under the symbol QTRHF. For more information, please visit: www.quarterhill.com. 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 www.sedarplus.ca. 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. SOURCE Quarterhill Inc.

Quarterhill has achieved TOPAS 2505B registration for its TMB-13X multilane intersection radar in the United Kingdom, enabling the company to sell the traffic detection technology to UK transport authorities. The Toronto-based intelligent transportation systems provider can now offer the product to traffic signal controller manufacturers, system integrators and transport authorities across Britain. The TMB-13X provides an above-ground alternative to traditional in-road sensors, monitoring vehicles and cyclists across multiple lanes with up to nine configurable virtual detection loops. The product aims to reduce roadwork, installation costs and traffic disruption associated with in-road sensors. The UK represents a significant market for traffic signal detection, with Transport for London alone operating approximately 6,400 traffic signal sites supported by more than 16,000 traffic detectors. The TOPAS-registered TMB-13X is now available for order.

Quarterhill, a global leader in Intelligent Transportation System solutions, has closed a bought deal private placement, issuing 20,867,100 common shares at CAD$2.48 per share for gross proceeds of CAD$51.75 million. ATB Cormark Capital Markets and Roth Canada served as co-lead underwriters for the offering. The company plans to use the net proceeds for general corporate purposes, working capital, debt repayment, and funding growth initiatives, including future acquisitions. Company insiders subscribed for 806,500 shares, representing approximately CAD$2 million of the total raise. All securities issued are subject to a four-month statutory hold period in Canada. Quarterhill's platforms process billions of transactions annually and help transportation agencies optimise traffic management using artificial intelligence and machine learning technologies. The company trades on the TSX under QTRH and on OTCQX under QTRHF.