Q-FREE: Traffic Management contract extension in the USA - 55 MNOK

Q-Free has received a 2-year renewal of one of its key statewide ATMS contracts in the USA. The contract extension ensures continued delivery of Q-Free’s Open TMS solution from 1 October 2020 until 30 September 2022 and has a total value of approximately 55 MNOK.

- We are very pleased to see that Q-Free has received a satisfactory performance evaluation and that the customer has decided to renew the contract. The extension gives us a nice and steady monthly cash flow for two years and provides us with an opportunity to sell additional Open TMS features and services on top, comments President & CEO, Håkon Volldal.

For further information, please contact:

Håkon Volldal: +47 977 19 973

About Q-Free
Q-Free is a leading global supplier of Tolling and Traffic Management (ATMS) solutions. Founded in 1984 and headquartered in Trondheim, Norway, the company has annual revenues of approximately 1 billion NOK, 380 employees, offices in 16 countries, and a presence on all continents. Q-Free is listed on the Oslo Stock Exchange under the ticker QFR.
www.q-free.com

Twitter: @QFreeA