Q-FREE –PAYMENTS RELATED TO THE SETTLEMENT AGREEMENT IN SLOVAKIA RECEIVED
As previously announced the Settlement Agreement between SkyToll a.s and Q-Free ASA was signed 30th of March 2011.
The two first installments, 10 MNOK at signing and 72 MNOK late April have now been received according to the Agreement. The final installment of approximately 20 MNOK is expected late June 2011.
Trondheim 29 april 2011
For further information, please contact:
CEO Øyvind Isaksen, cell: 47 905 59 401
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