Quarterhill Forms Technical Advisory Committee to Boost AI and ITS Capabilities

Quarterhill Establishes Technical Advisory Committee

Quarterhill Inc., a leading provider of Intelligent Transportation System (ITS) solutions, has announced the formation of a Technical Advisory Committee to enhance its technological capabilities, particularly in artificial intelligence (AI) and machine learning (ML) 1

1

2

2

. This strategic move aims to strengthen Quarterhill's position in the ITS industry and guide its future technological advancements.

Key Appointments to the Committee

The company has made two significant appointments to the newly formed committee:

1. Bobby Parikh: Joining as a Special Advisor to the CEO and committee member, Parikh brings extensive experience in technology and transportation. His background includes roles at major tech companies such as Uber, Google, and deCarta, where he contributed to developing popular mapping platforms and applications 1

   1

   2

   2

   .

2. Vineet Khosla: Previously slated to join Quarterhill's Board of Directors, Khosla will instead take on a non-fiduciary role in the Technical Advisory Committee. His expertise lies in AI and ML, with a focus on transportation-related applications 1

   1

   2

   2

   .

Strategic Objectives of the Committee

The Technical Advisory Committee is set to play a crucial role in shaping Quarterhill's technological future:

1. Technology Roadmap: The committee will guide the company's overall technology strategy, ensuring alignment with industry trends and market demands 1

   1

   2

   2

   .

2. System Architecture: Experts on the committee will contribute to designing and optimizing Quarterhill's system architecture, potentially improving the efficiency and effectiveness of its ITS solutions 1

   1

   2

   2

   .

3. AI and ML Applications: A key focus will be on capitalizing on emerging AI and ML technologies, particularly in enhancing Quarterhill's tolling and enforcement solutions 1

   1

   2

   2

   .

Implications for Quarterhill's Business

Chuck Myers, CEO of Quarterhill, expressed enthusiasm about the new appointments and the potential impact on the company's growth:

1. Enhanced AI Capabilities: The addition of experienced advisors is expected to accelerate Quarterhill's development of AI-driven solutions in the ITS sector 1

   1

   2

   2

   .

2. Innovation in Tolling and Enforcement: The company aims to leverage the committee's expertise to advance its core products and services 1

   1

   2

   2

   .

3. Strategic Growth: Quarterhill reaffirmed its commitment to technology-driven global leadership in ITS, both through organic growth and strategic acquisitions 1

   1

   2

   2

   .

Market Position and Future Outlook

Quarterhill, listed on the TSX (QTRH) and OTCQX Best Market (QTRHF), is positioning itself for future growth in the competitive ITS industry. The company's forward-looking statements indicate a focus on:

1. Expanding product and service demand
2. Navigating economic and market conditions
3. Addressing technological advances and cybersecurity challenges 1

   1

   2

   2

While the company expresses optimism about its strategic direction, it also acknowledges the risks and uncertainties inherent in forward-looking projections, urging stakeholders to consider these factors in their assessments of Quarterhill's future performance 1

1

2

2

.