Q-FREE – TAG ORDER IN BRASIL - 38 MNOK

Q-Free has been awarded an order for tags from Centro Gestao Meios de Pagto (CGMP) in Brazil valued at 38 MNOK.

This order is the second call off from the earlier announced frame agreement of 205 MNOK (22 October 2010). This order implies that a total of 89 MNOK have been called off from this frame agreement. 

- The Brazilian market is continuing to be an important product market for the company. In total we have delivered more than 3 million tags to Brazil and we remain confident that we will be able to defend our position, CEO Øyvind Isaksen comments.  Q-Free has a fully owned subsidiary in São Paulo, Brazil. The order will be delivered within the end of 2011. 

Trondheim 30. March 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) - and ALPR (Automatic License Plate Registration) and GNSS (Global Navigation Satellite System) based solutions, with deliveries in Europe, Asia-Pacific, Middle East and North- and South America. The company has appr. 280 employees in 11 locations and representatives in 7 other countries. Headquarter is based in Trondheim, Norway. Q-Free is listed on the Oslo Stock Exchange with the ticker QFR. http://www.q-free.com