Q-FREE – SLOVENIA TRUCK TOLLING CONTRACT SIGNED – 470 MNOK

Trondheim, Norway 6 September 2016

The contract for the nationwide truck tolling project with DARS d.d in Slovenia, where Q- Free and Telekom Slovenije are partners, was signed today. The contract value for Q-Free is approximately NOK 470 million.

The delivery period is one year commencing upon validation of the contract, followed by a service and maintenance period of 10 years, with an option to extend the service and maintenance period with an additional three years. Reference is also made to previous announcements on 14 March and 2 August 2016 related to this contract.

- Today I am really proud to represent Q-Free and to announce that we have managed to get our largest contract ever signed. This contract, won in a highly competitive race, confirms Q-Free’s leading technology offering, our industry experience and know-how, and our role as a trusted partner. We look forward to delivering a state of the art nationwide truck tolling system in Slovenia together with our partner Telekom Slovenije, President & CEO, Håkon Volldal comments.

For further information, please contact:

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

CFO Roar Østbø: +47 932 45 175

About Q-Free

Q-Free is a leading global supplier of products and solutions within Intelligent Transportation Systems (ITS). The Q-Free Group has approximately 470 employees, offices in 20 countries, and presence on all continents. The Company is headquartered in Trondheim, Norway, and listed on the Oslo Stock Exchange under the ticker QFR.

www.q-free.com  

Twitter: @Q-FreeASA

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