Q-FREE – PARKING SOLUTION IN SWEDEN - NOK 5 MILLION

Trondheim/Oslo 17 April 2015: Q-Free has received a contract with APCOA Parking Sverige AB for two parking garages at the Stockholm Globe Arena in Sweden. The contract has an estimated initial value of NOK 5 million.

The solution includes a parking guidance system with single-space sensors and a barrierless and ticketless access and payment solution. Q-Free Sweden is responsible for the installation, which comprises combined technologies from Q-Free Elcom, Q-Free TCS and Q-Free Netherlands.

- This is an important step for Q-Free in parking, showing that we offer important core technologies and can package them in an attractive manner in the market. It also gives an indication of the breadth of Q-Free’s parking management offering. APCOA is one of the largest parking operators in Europe, and The Stockholm Globe Arena is a prestigious reference for us, says CEO in Q-Free, Thomas Falck.

For further information, please contact:

CEO Thomas Falck: +47 468 00 767

CFO Roar Østbø: +47 932 45 175

About Q-Free

Q-Free is a leading global supplier of products and solutions within Road User Charging and Advanced Transportation Management Systems. The Q-Free Group has approximately 400 employees with offices in 18 countries and presence on all continents. The Q-Free head office is in Trondheim, Norway. Q-Free is listed on Oslo Stock Exchange under the ticker QFR.

www.q-free.com
Twitter: @Q-FreeASA

About APCOA

APCOA PARKING is the leading European parking facility operator and, as a service provider, offers the complete parking package of services for proprietors. The APCOA PARKING group currently manages around 1,3 million parking spaces at over 7.500 locations in 12 countries. APCOA Parking Sverige AB has over 300 employees and manages parking spaces at close to 1.400 locations in Sweden.

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