Q-FREE- ORDER IN BRAZIL -27 MNOK
Q-Free has been awarded an order for tags from Centro Gestao Meios de
Pagto (CGMP) in Brazil valued at 27 MNOK.
This order is a call off from the earlier announced frame agreement of
72 MNOK (15th of August 2012).
The order will be delivered within the second half of 2013.
Q-Free has a fully owned subsidiary in São Paulo, Brazil.
Trondheim 30th of April 2013
For further information, please contact:
CEO Øyvind Isaksen, cell: 47 908 76 398
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