Q-FREE - TAG ORDER IN SOUTH-AFRICA -19 MNOK
Q-Free has received a second tag order from ETC in South-Africa at a value of 19 MNOK. ETC is appointed as operator for the Gauteng Project and is responsible for the distribution of tags.
"This is the second tag contract in South Africa in only a few months. South Africa can clearly become a long term important market for Q-Free", CEO Øyvind Isaksen comments.
The order will be delivered within June 2011.
Q-Free has a subsidiary in Durban, Q-Free Africa which has a BEE-status.
Trondheim 26. April 2011
For further information, please contact:
CEO Øyvind Isaksen, cell: 47 905 59 401
CFO Roar Østbø, cell: 47 932 45 175
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. 275employees 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. http://www.q-free.com