10:03 AM EDT, 09/02/2025 (MT Newswires) -- Quarterhill Inc. ( QTRHF ) , a global provider of intelligent transportation system solutions, was up more than 9% from near 52 week lows after announcubg Tuesday the resolution of a previously disclosed contract renegotiation with one of the company's tolling customers.

Pending final approval by the customer's governing body, a statement said the resolution includes a one-time payment to Quarterhill ( QTRHF ) in Q3 2025 to address historical cost recovery matters. Also, the agreement "secures improved payment terms, enhanced performance standards, and a structure that raises annual revenue while simultaneously reducing costs associated with the previous contract". In addition, "the new terms also provide a termination for convenience provision covering a three year operations and maintenance period, with financial incentives supporting stronger margins and reward exceptional performance."

Chuck Myers, Chief Executive Officer of Quarterhill ( QTRHF ), said: "By working together in good faith, we've not only resolved past issues but created a framework that strengthens our relationship, improves predictability, and sets the stage for long-term success."

Price: 1.18, Change: +0.10, Percent Change: +9.26