Quarterhill Announces Full System Acceptance and Completion of Major Toll System Projects for CTRMA | QTRHF Stock News

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May 13, 2025
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  • Quarterhill (QTRHF, Financial) successfully completes major toll road projects for Central Texas Regional Mobility Authority (CTRMA).
  • The US 290 Expressway project significantly enhanced transportation capacity by tripling roadway usage.
  • Full automation and all-electronic tolling systems implemented for efficient traffic management and user convenience.

Quarterhill Inc. (QTRHF), a leader in intelligent transportation system solutions, has announced the successful completion and acceptance of two significant toll road projects for the Central Texas Regional Mobility Authority (CTRMA). These projects include the 6-mile US 290 toll road from US 183 to SH 130 in East Austin and the CTRMA 183A Phase III.

The US 290 project markedly improved the region's infrastructure by tripling the roadway's capacity and integrating direct connectors at US 183 and SH 130. This development enhances travel efficiency, reduces congestion, and boosts connectivity, positively impacting commuters in Williamson County and Northeast Travis County.

In collaboration with the Texas Department of Transportation (TxDOT) and other stakeholders, Quarterhill completed the CTRMA 183A Phase III, which directly improves access between key areas and enhances traffic flow. Both projects feature fully automated, all-electronic tolling systems with options for electronic tags or Pay By Mail, aligning with modern tolling practices to ensure a streamlined experience for motorists.

"These achievements underscore our technical capabilities and dedication to enhancing transportation solutions. We are proud to partner with CTRMA, supporting their mission for innovative mobility," remarked Chuck Myers, CEO of Quarterhill.

As these projects transition into operational phases, Quarterhill remains committed to providing ongoing maintenance and technological support to ensure reliable and efficient service in line with the latest advancements.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.