Q-FREE –ATMS CONTRACT IN THE US - NOK 8.7 MILLION

Trondheim 15 July 2014: Q-Free TCS has received an Advanced Transportation Management Systems (ATMS) contract from the City of Montgomery in the US at a value of NOK 8.7 million with start-up in July 2014. The contract is a parking guidance system and will be delivered within the end of 2014. Q-Free TCS has previously delivered two parking guidance systems to the same customer.

“Q-Free is the market leader within parking guidance solutions in North America. This contract confirms the attractiveness of our offering in this market,” says CEO Thomas Falck in Q-Free.

Q-Free has a subsidiary in Boston, US.

For further information, please contact:

CEO Thomas Falck, cell: +47 468 00 767

CFO Roar Østbø, cell: +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 company has approximately 350 employees in 17 countries and is represented on all continents. The company's 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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