Q-FREE – TOLLING INFRASTRUCTURE PROJECTS IN THAILAND - 22 MNOK

Trondheim 1 March 2016;

Q-Free Thailand has received orders from Bangkok Expressway and Metro (BEM) for delivery of tolling systems at a value of NOK 22 million. The new systems will be delivered within the end of the third quarter 2016.  The orders include an extension of an existing Service and Maintenance contract for one year.

-This project is important for Q-Free, and we see opportunities for securing more orders in Thailand this year. Deployment of tolling systems in this fast growing market, are the basis for increased tag sales, comments acting CEO, Roar Østbø.

For further information, please contact:

Acting CEO and CFO Roar Østbø: +47 932 45 175

About Q-Free

Q-Free is a leading global supplier of products and solutions within the global ITS market. The Q-Free Group has approximately 430 employees with offices in 20 countries and presence on all continents. The Q-Free head office is in Trondheim, Norway. Q-Free is listed on the Oslo Stock Exchange under the ticker QFR.

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

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