Q-FREE – TOLLING CONTRACTS IN THE US – 35 MNOK

Q-Free Open Roads has been awarded two tolling contracts in the US at a total value of NOK 35 million.

As a sub-contractor, Q-Free will provide its Intrada Insight Image Review product and services in Washington state and San Diego. Both contracts are effective immediately and include five (5) year maintenance agreements.

- We are pleased to see continued growth of our industry-leading image based solutions in North America. These two contracts clearly demonstrate our competitiveness in the market and build our recurring revenue base, comments President & CEO of Q-Free ASA, Håkon Volldal.

For further information, please contact:

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

CFO, Tor Eirik Knutsen: +47 950 50 062

About Q-Free

Q-Free is a leading global supplier of ITS (Intelligent Transportation Systems) products and solutions. The company has approximately 415 employees, offices in 18 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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