Q-Free- Parking frame agreement with VINCI Park

Trondheim 29 June 2015;Q-Free is awarded a three years frame agreement for Parking Guidance Systems with a leading European parking operator VINCI Park.

VINCI Park is present in 14 countries worldwide, running 3,900 parking houses.

Q-Free has already installed the first Parking Guidance System at the VINCI Park parking house La Madeleine in central Paris.

- This contract represents a breakthrough in the central European market for our Parking Guidance Systems, and as such this frame agreement is of strategic importance to Q-Free, comments CEO in Q-Free, Thomas Falck.

The installations of new projects starts immediately and nine projects are scheduled for completion in 2015.

For further information, please contact:

CEO Thomas Falck: +47 468 00 767

CFO Roar Østbø: +47 932 45 175

About Q-Free

Q-Free is a leading global supplier of products and solutions within Road User Charging and Advanced Transportation Management Systems. The Q-Free Group has approximately 400 employees with offices in 19 countries and presence on all continents. The Q-Free head office is in Trondheim, Norway. Q-Free is listed on Oslo Stock Exchange under the ticker QFR.

www.q-free.com

Twitter: @Q-FreeASA

Tags: