Q-Free: Traffic Management contract in the US – ~90 MNOK
Q-Free has signed a contract with a US customer to provide a new statewide advanced traffic management solution (ATMS). The delivery will include Q-Free’s OpenTMS software platform plus Traveler Information and Video Management solutions provided by partners. Over the potential 10-year contract term, the total estimated contract value is close to 90 MNOK. The initial delivery accounts for approximately 20% of the value and will be delivered in September this year. Recurring Operations & Maintenance revenues account for the remaining 80%. There will also be opportunities for additional