Q-FREE – CONTRACT IN AUSTRALIA- 15 MNOK

Q-Free has been awarded a contract in Australia with Brisbane Airport Corporation for the design and construction of the Electronic Access Fee Collection System for Taxis and Ground Transportation Operators. Brisbane Airport is the 3rd largest airport in Australia. The contract value is 15 MNOK.

The scope of the contract comprises delivery of roadside system based on Dedicated Short Range Communication (DSRC) for both the Taxis and the Ground Transport Operators and Central System. The project will start immediately, and the design and build phase will be completed within Q3 2012. The Electronic Access Fee Collection System at Brisbane Airport is similar to the system already deployed at Sydney Airport Corporation Limited by Q-Free.

Q-Free is also currently negotiating a long term service and maintenance contract related to this project.

-Park and access represent an important application area for our technology going forward, and an example that our addressable market is far beyond tolling, CEO Øyvind Isaksen comments.

Q-Free has a subsidiary in Sydney, Australia.

Trondheim 6th 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

Tags: