Q-FREE - ORDER IN BRASIL - 52 MNOK

Q-Free has been awarded an order for tags and roadside equipment from Centro Gestao Meios de Pagto (CGMP) in Brazil valued at 52 MNOK.

This order is a call off from the earlier announced frame agreement of 205 MNOK (22 October 2010). This order implies that a total of 174 MNOK has been called off from this frame agreement. 

- We have delivered more than 4 million tags to this market and established a unique position. This is important for the company’s product sale and for our entrance into other markets in Latin America, CEO in Q-Free, Dr. Oyvind Isaksen comments. 

Q-Free has a fully owned subsidiary in São Paulo, Brazil.   

Trondheim 12 December 2011  

For further information, please contact: 

CEO Øyvind Isaksen, cell: 47 905 59 401
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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