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OAKLAND, Calif., Dec. 12, 2022 (GLOBE NEWSWIRE) — The Alameda County Transportation Commission (Alameda CTC) has signed an agreement with Electronic Transaction Consultants, LLC (ETC), a Quarterhill Inc. company. (TSKS: KTRH) (OTCKKS : KTRHF) for the implementation and operation of electronic toll collection system integration services for the I-680 Express Lanes. Alameda CTC is the managing agency for the I-680 Express Lanes on behalf of the I-680 Sunol Smart Carpool Lane Joint Powers Authority. The initial term of the contract is ten (10) years with options for up to four additional years of operation and maintenance.
“This is the next step in providing advanced technology and modern solutions to improve the experience for Alameda County drivers, including high-occupancy vehicles,” said Gary Huisingh, deputy executive director for projects. “We are pleased to expand our partnership with ETC to continue to improve the efficiency of our transportation system.”
During the contract, ETC will deliver a new toll system for the I-680 Express Lanes, implementing ETC’s next-generation toll management system in the express lane to improve mobility and alleviate congestion along the corridor. ETC’s riteSuite™ is an updated family of end-to-end tolling and mobility systems built on mainstream open source platforms for flexible deployment and future-proofing. riteSuite™ includes a range of new billing and multimodal products, including:
- riteJetStream™ – A multimodal transit event processor using a big data infrastructure and a modern user interface, with configurable microservices and pricing algorithms for static and dynamic pricing.
- riteView™ – An advanced big data reporting, analytics, business intelligence and dashboard system, incorporating machine learning.
- riteVision™ – Advanced ALPR and vehicle recognition system built on machine learning technology.
- riteOSS™ – an enterprise-grade IT maintenance and asset management system that provides complete system infrastructure mapping, with service and component level monitoring, interactive dashboards, configurable alerts, predictive lane analysis and end-to-end asset lifecycle management.
“ETC is excited to be selected as Alameda CTC’s technology provider,” said ETC Chief Executive Officer Kevin Holbert. “The region’s tech-savvy motorists will expect nothing less than the most advanced systems in the industry and the highest quality customer service, and ETC is ready to deliver both, in true partnership with the Commission.” As an industry leader, ETC systems are designed to respond to changing business needs by seamlessly integrating with the latest open source technologies and big data infrastructure, for a lean system that will remain technologically relevant for years to come.
About the Alameda County Transportation Authority (Alameda CTC)
The Alameda County Transportation Commission (Alameda CTC) coordinates countywide transportation planning and provides essential voter-supported transportation improvements in every city throughout Alameda County. Funding sources for Alameda CTC’s expenditure plans include Measure B, approved by 81.5 percent of district voters in 2000, and Measure BB, approved by more than 70 percent of voters in 2014. Visit the Alameda CTC website to learn more, www.alamedactc.org.
About Electronic Transaction Consultants, LLC
ETC is a leading US provider of intelligent transportation systems, developing and delivering best-in-class solutions for tolling, congestion management, smart mobility and multimodal transportation. ETC’s passionate and innovative team has been driving the future of mobility since 1999, with numerous industry firsts including all electronic tolling (AET), dynamic pricing, agency interoperability, hosted mobility solutions and machine learning.
For more than two decades, ETC has delivered sophisticated solutions to many of the largest tolling authorities in the US, including statewide programs, county networks and tolling authorities. ETC’s solutions process over two billion transactions annually with total revenue of over $3 billion for our clients, incorporating the latest evergreen open-source and SaaS technologies and Big Data architecture through our innovative riteSuite™ products.
About Quarterhill
Quarterhill is a leading provider of tolling and enforcement solutions in the Intelligent Transportation System (ITS) industry and, through its subsidiary Vi-LAN Inc., a leader in intellectual property licensing. Our goal is global leadership in ITS through the organic growth of the Electronic Transaction Consultants, LLC (ETC) and International Road Dynamics, Inc. platforms. (IRD), and through continuing an acquisition-oriented investment strategy that capitalizes on attractive growth opportunities within ITS and adjacent markets. Quarterhill is listed on the TSX under the symbol KTRH and on the OTCKKS Best Market under the symbol KTRHF. For more information, visit www.quarterhill.com
Forward looking information
This release contains forward-looking statements regarding ETC, Quarterhill and their respective businesses. Forward-looking statements are based on estimates and assumptions made by ETC and/or Quarterhill in light of their experience and perceptions of historical trends, current conditions, expected future developments and the expected effects of new business strategies, as well as other factors that ETC and/or or Quarterhill believe to be appropriate in the circumstances. The forward-looking events and circumstances discussed herein may not occur and may differ materially as a result of known and unknown risk factors and uncertainties affecting ETC and/or Quarterhill, including: potential risks and uncertainties related to the ultimate geographic expansion of the new coronavirus (“COVID-19”); severity of illness; the duration of the COVID-19 outbreak; actions that governmental authorities may take to contain the outbreak of COVID-19 or to treat its impact; the potential negative impacts of COVID-19 on the global economy and financial markets and any impact on ETC and/or Quarterhill and/or their business. Other factors include, without limitation, the risks described in Quarterhill’s Annual Information Form dated March 20, 2022 for the year ended December 31, 2021 (“AIF”). Copies of the AIF can be obtained at www.sedar.com. ETC and Quarterhill urge readers to review and consider all of these risk factors and note that readers should not place undue reliance on any of ETC’s forward-looking statements. ETC does not intend, 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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