Q-FREE – CONTRACT AWARD IN SWEDEN WORTH 143 MNOK

Q-Free has today been informed that the Company will be awarded a contract for delivery of  the congestion charging infrastructure in Gothenburg. Closing date for submission of complaints is 10 days, and formal contractual signing can take place after this period at the earliest.

The contractual value is 143 MNOK and comprises delivery of road side equipment , infrastructure and service and maintenance for 2 years with an option for additional 6 years. The final contract value will be dependent on selected options and also the duration of the service and maintenance contract. The company will inform the market of the final value after contract signing.

“This is a strategic award since this represents yet another important reference within Congestion Charging, and not at least since there will be a lot of market opportunities in  Sweden going forward”,  CEO in Q-Free Oyvind Isaksen comments.

The system delivery is planned to start immediately after contract signing, and is expected to be set into operation 1 January 2013.

Trondheim 6 April 2011

 

For further information, please contact:

CEO Øyvind Isaksen, cell: 47 905 59 401

CFO Roar Østbø, cell: 47 932 45 175

 

About Q-Free

Q-Free is a leading global supplier of solutions and products for Road User Charging and Traffic Surveillance having applications mainly within electronic toll collection for road financing, congestion charging, truck-tolling, law enforcement and parking/access control. Q-Free offers solutions and products based on state of the art technology, and is the leading supplier within DSRC (tag) - and ALPR (Automatic License Plate Registration) and GNSS (Global Navigation Satellite System) based solutions, with deliveries in Europe, Asia-Pacific, Middle East and North- and South America. The company has appr. 280 employees in 11 locations and representatives in 7 other countries. Headquarter is based in Trondheim, Norway. Q-Free is listed on the Oslo Stock Exchange with the ticker QFR. http://www.q-free.com

About Q-Free

Q-Free is a leading global supplier of solutions and products for Road User Charging and Traffic Surveillance having applications mainly within electronic toll collection for road financing, congestion charging, truck-tolling, law enforcement and parking/access control. Q-Free offers solutions and products based on state of the art technology, and is the leading supplier within DSRC (tag) - and ALPR (Automatic License Plate Registration) and GNSS (Global Navigation Satellite System) based solutions, with deliveries in Europe, Asia-Pacific, Middle East and North- and South America. The company has appr. 280 employees in 11 locations and representatives in 7 other countries. Headquarter is based in Trondheim, Norway. Q-Free is listed on the Oslo Stock Exchange with the ticker QFR. http://www.q-free.com

Tags:

Subscribe