Q-FREE - CONTRACT AWARD IN SWEDEN WORTH 143 MNOK CONFIRMED

Trafikverket has today informed that  Q-Free will be awarded the contract for delivery of  the congestion charging infrastructure in Gothenburg.

The contractual value is 143 MNOK and comprises delivery of road side equipment, infrastructure and service and maintenance for 2 years with an option for additional 6 years. The final contract value will be dependent on selected options and also the duration of the service and maintenance contract.

"This is a strategic important award since its represents yet another important reference within Congestion Charging, and not at least since there will be several market opportunities in Sweden going forward", CEO in Q-Free Oyvind Isaksen comments.

Trondheim 9th of March 2012

For further information, please contact:

CEO Øyvind Isaksen, cell: +47 908 76 398
CFO Roar Østbø, cell: +47 932 45 175

About Q-Free
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), ALPR (Automatic License Plate
Registration) and GNSS (Global Navigation Satellite System) based
solutions, with deliveries in Europe, Africa, Asia-Pacific, Middle East
and North- and South America. The company has approximately 270
employees 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. www.q-free.com

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