Q-FREE – CONTRACT FOR SERVICE AND MAINTENANCE IN PORTUGAL - 90 MNOK

The Portuguese road operator Ascendi has today awarded Q-Free a service and maintenance contract related to the tolling infrastructure deployed in Beiras Litoral e Alta and Interior Norte concessions. The order value is 90 MNOK over 5 years.

"The Portuguese market continues to be important for the company, and service and maintenance contracts are forming an essential basis for a strong local presence and long term growth in this innovative market", CEO in Q-Free Dr. Øyvind Isaksen comments.

The contract will be in force as of today.

Q-Free has a subsidiary in Lisbon, Portugal.

Trondheim 8 December 2011

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 (http://www.q-free.com)

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