Q-FREE – TOLLING FRAME AGREEMENT FOR TAGS IN PORTUGAL - 75 to 90 MNOK

Trondheim, Norway 3 August 2016

Q-Free has, as an exclusive provider, been awarded a three-year frame agreement for the delivery of tags to Via Verde in Portugal. The frame agreement has an expected order value of NOK 75-90 million.

Via Verde is the leading DSRC tag service provider in Portugal with more than 3 million active customers. Via Verde is part of the BRISA Group - one of the world's largest highway operators and Portugal's largest transport infrastructure company.

- Q-Free has over the years delivered approximately 4 million tags to Portugal and has a strong position in this mature tolling market. The demand for tags in Portugal is expected to be significant in the coming years, and Q-Free still sees this market as highly important, President & CEO in Q-Free, Håkon Volldal, comments.

The delivery will start immediately.

For further information please contact:

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

CFO, Roar Østbø, mobile: +47 932 45 175

About Q-Free

Q-Free is a leading global supplier of products and solutions within the ITS market. The Q-Free Group has approximately 450 employees with offices in 20 countries and presence on all continents. Q-Free is headquartered in Trondheim, Norway and is listed on the Oslo Stock Exchange under the ticker QFR.

www.q-free.com 

Twitter: @Q-FreeASA

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