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Riga Event Timers have the ability to measure the interval between events with high resolution, on the order of picoseconds. However, they have several drawbacks, such as sensitivity to environmental temperature changes and an inability to capture the amplitude of the events. In this work, we present the ETAM: a next generation Event Timer. Its innovative features include adaptive correction of measurement errors based on an internal temperature sensor, and integrated peak-detector circuit to determine the amplitude of nanosecond-duration pulses. Evaluation shows that the ETAM has high thermal stability with a root mean square error (RMSE) of