Northwire Canada EditionWednesday, August 19, 2026
Northwire
CERT 2.28 −2.6% FMAN 0.365 −8.8% AAUC 29.22 −5.8% WEC 0.015 +0.0% ATY 0.260 +0.0% GEN 0.060 +9.1% HMR 0.490 +2.1% SKP 0.165 +10.0% AZM 0.620 +0.0% AEM 259.53 −0.8% CG 29.58 −2.7% KS 0.160 +0.0% EMN 0.100 +5.3% CPAU 0.140 +0.0% SAG 1.23 +0.0% NAU 1.62 −9.0% CERT 2.28 −2.6% FMAN 0.365 −8.8% AAUC 29.22 −5.8% WEC 0.015 +0.0% ATY 0.260 +0.0% GEN 0.060 +9.1% HMR 0.490 +2.1% SKP 0.165 +10.0% AZM 0.620 +0.0% AEM 259.53 −0.8% CG 29.58 −2.7% KS 0.160 +0.0% EMN 0.100 +5.3% CPAU 0.140 +0.0% SAG 1.23 +0.0% NAU 1.62 −9.0%
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Quarterhill Expands Caltrans Partnership with New Commercial Vehicle Technology Projects

Caltrans Win Adds to Backlog as Refinancing Clock Ticks

Executive Summary
  • Quarterhill secured three new project awards from the California Department of Transportation (Caltrans) totaling approximately $2.4 million.
  • The projects include an e-screening system at the Desert Hills Commercial Vehicle Enforcement Facility, a weigh-in-motion (WIM) data collection system on Interstate 10 with a six-year warranty, and a WIM expansion along Route 805 in San Diego County.
  • Installations are scheduled to begin in late 2026, extending the company's footprint in California's freight corridors and reinforcing its long-standing state DOT partnerships.
  • The announcement follows a rapid succession of recent contract wins, including a multi-year NJDOT maintenance agreement (March 24), a $6.4 million MassDOT WIM expansion (March 5), and deployments in Arkansas and Washington (October 2025).
Material Impact
  • The $2.4 million award is incremental relative to Quarterhill's ~$155 million annual revenue run rate and $404.3 million year-end backlog. It does not represent a structural shift in financials.
  • The win validates management's stated strategy of targeting higher-margin, recurring state DOT contracts and expanding the Safety & Enforcement footprint. However, the late 2026 installation timeline delays near-term revenue recognition.
  • Given the company's recent string of public-sector awards and the explicit focus on converting its ~$2 billion pipeline, this release aligns with market expectations and prior guidance. It is positive but routine.
QTRH · Price
Company Overview
  • Quarterhill operates in the Intelligent Transportation Systems (ITS) sector through two primary segments: Safety & Enforcement and Tolling.
  • Flagship offerings include AI-driven Weigh-In-Motion (WIM) systems, Virtual Weight Station 2.0, Direct Enforcement technology, and cloud-based Tolling Back Office platforms.
  • The company focuses on non-intrusive, data-driven compliance and traffic monitoring solutions for state DOTs, toll authorities, and international transportation agencies.
  • Recent strategic emphasis has shifted toward higher-margin software and SaaS components, leveraging machine learning for vehicle classification, predictive analytics, and automated customer service interfaces.
Read the original news release →

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