Q-Free: Tolling ARR contract in Europe – 120 MNOK
A European tolling operator has awarded Q-Free a contract to design, deliver and maintain tolling roadside equipment. It is mainly structured as a service delivery and will generate annual recurring revenues of 8 MNOK over an expected period of 15 years. System deliveries will start in 2022 and be completed in 2023. The customer has for operational reasons requested to remain anonymous until the project delivery will commence, hence more details about the project will be provided at a later point in time. -This represents a key win for Q-Free in a very important market. It further