Q-FREE – FRAME AGREEMENT FOR TAGS IN RUSSIA - 11 MNOK

PRESS RELEASE

Q-Free has recently signed a 3-year frame agreement with Northern Capital Highway, a toll operator in St. Petersburg, Russia. The agreement has a total value of approximately 11 MNOK over the period.

-The tag market in Russia has been picking up over the last years, and Q-Free has received orders from several customers. The frame agreement with Northern Capital Highway is the largest single agreement for Q-Free in Russia to date and demonstrates our competitiveness in this growing market.

For further information, please contact:

President & CEO, Håkon Volldal: +47 977 19 973 

About Q-Free

Q-Free is a leading global supplier of ITS (Intelligent Transportation Systems) products and solutions. The company has approximately 420 employees, offices in 20 countries, and presence on all continents. Headquartered in Trondheim, Norway, Q-Free is listed on the Oslo Stock Exchange under the ticker QFR.

www.q-free.com 

Twitter: @Q-FreeASA

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