Q-FREE - CONTRACT IN AUSTRALIA - 33 MNOK

26 Sep, 2012 09:36 CET

Q-Free has been awarded a contract in Australia from Roads and Maritime
Services (RMS) for the design, supply and installation of an electronic
tolling system for Sydney Harbour Bridge.  The contract value is 33 MNOK
with additional options worth approximately 17 MNOK.
The scope of the contract comprises delivery of roadside system, based
on the company's unique tolling solution Single Gantry, and related
service and maintenance for one year.

"We have again shown our competitiveness in this market and look forward
to deploy the most elegant tolling solution in the world on this unique
and beautiful bridge", comments CEO Dr. Øyvind Isaksen.

The project will start immediately, and is expected to be completed mid
next year.

Q-Free has a subsidiary in Sydney, Australia.

Trondheim 26th of September 2012

For further information, please contact:

CEO Øyvind Isaksen, cell: +47 908 76 398

CFO Roar Østbø, cell: +47 932 45 175

Q-Free is a leading global supplier of products and solutions for Road
User Charging and Advanced Transportation Management. The company has
approximately 300 employees and is represented in 17 countries.
Headquarter is based in Trondheim, Norway. Q-Free is listed on the Oslo
Stock Exchange with the ticker QFR.

www.q-free.com

Twitter @Q-FreeAS