 Transforms Quarterhill into a key player in the ITS industry Delivers scale in the ITS Tolling vertical, which has strong macro tailwinds Provides compelling revenue synergy opportunities between ETC and IRD TORONTO, Aug. 16, 2021 PRNewswire - Quarterhill Inc. Quarterhill TSX: QTRH OTCQX: QTRHF, announces that it has entered into a definitive agreement the Agreement to acquire 100 of the outstanding equity of Richardson, Texas-based Electronic Transaction Consultants, LLC ETC from Align Capital Partners for total cash consideration of 150.0 million plus transaction related expenses, to be funded by a combination of cash-on-hand and debt financing. Completion of the acquisition is subject to certain closing conditions. 