Q-FREE – SERVICE AND MAINTENANCE ORDER FROM AUSTRALIA - 11 MNOK

Report this content

Q-Free ASA has been awarded an order for the supply of service and maintenance for the Sydney Harbour Bridge and Tunnel from the Roads and Traffic Authority (RTA) in Australia valued at 11 MNOK.

The order is an extension of the current agreement, for a period of 3 years, with an option for further extension of 2 years.

- Service and maintenance is an important part of our activity in Australia and the contract extension forms a good basis for our long term plans, says CEO Dr. Øyvind Isaksen.

Q-Free has a subsidiary in Sydney, Australia.

Trondheim 2nd of September 2010.

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. 300 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