Q-FREE – CONTRACT FOR TAGS IN PORTUGAL – 16 MNOK

Q-Free has received an order for tags (OBUs) from Via Verde, - the only tag issuer in Portugal. The order has a value of approximately 16 MNOK and will be supplied within this year.

Via Verde is a part of the Brisa Group, which is one of Portugal`s leading concessionaires.  

"Tag demand in Portugal is increasing and this trend will probably continue going forward. Both expansion of tolling infrastructure and replacement of old tags will drive this trend", CEO in Q-Free Øyvind Isaksen comments. 

Q-Free has a subsidiary in Lisbon, Portugal.

Trondheim 31. October 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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