Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, April 12, 2024

Article Excerpt

QUARTERHILL INC., $1.82, symbol QTRH on Toronto, is a provider of ITS (Intelligent Transportation Systems) solutions for operators of toll roads. Its tolling products manage over 1,500 toll lanes worldwide, generating over $3 billion in annual revenue for operators of these tolls. In addition to its tolling products, it has developed solutions for enforcing the weight of commercial trucks, traffic management, and radar detection. On March 15, 2024, the company announced it would acquire Red Fox I.D. Limited. That U.K.-based company makes Automatic Vehicle Detection and Classification (AVDC) tolling software. AVDC software identifies and tracks a vehicle as it enters and exits a toll road. Red Fox’s Quantum software platform is accurate up to 99.96%. It can process captured data from both LiDAR (light detection and ranging) and “in pavement” inductive loops. Quarterhill was comprised of two businesses until it sold its Wi-Lan IP patent licensing portfolio in June 2023 to a joint venture between Arena Investors LP and Owlpoint IP Opportunities JVF LP…