Q-FREE –CONTRACT IN SWEDEN – 29 MNOK
The Swedish Road Administration (Transportstyrelsen) has appointed Q-Free ASA as supplier of service- and maintenance for the congestion charging infrastructure in Stockholm which was delivered by Q-Free in 2006. Further the contract also includes implementation of some changes to the infrastructure. The total contract value is 29 MNOK.
- This contract continues our active participation in the Stockholm project, which is one of the world`s most advanced and efficient congestion charging schemes, comments CEO in Q-Free, Øyvind Isaksen.
The contract is for one year starting up January 1st 2011. Q-Free has a subsidiary in Stockholm, Sweden.
Trondheim 27. October 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: