Q-Free: Tolling ARR contract in Norway
Bompengeselskap Nord AS (BPN), a Norwegian tolling operator, has awarded Q-Free the contract to design, deliver and service tolling roadside equipment for “Bypakke Tenk Tromsø” (ENG: policy package for the city of Tromsø). The project will go live in 2022, but the contract is structured as a service delivery that will generate annual recurring revenues over an estimated period of 15 years. The recurring revenue element of the contract will exceed Q-Free’s ARR announcement threshold of 2.5 MNOK per year. In order to ensure that Q-Free can maintain its competitiveness on future call-offs