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Q-FREE HAS BEEN AWARDED A LETTER OF INTENT IN BANGKOK – 61 MNOK

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Q-Free has received a letter of intent from the Bangkok Expressway Company Limited (BECL) for the modernisation of an existing road tolling system. The contract has a value of 61 MNOK. BECL is one of several expressway operators in the Bangkok region. BECL has among others the responsibility for the main connection to and from the new international airport in Bangkok, Suvarnabhumi, which has over 100.000 toll transactions per day.

“Bangkok represents a growing marked within electronic road pricing. This is the company’s second contract over a relatively short time period, and it is expected that more infrastructure projects will be announced during the year”, CEO Øyvind Isaksen comments. Furthermore Isaksen states that when infrastructure for electronic road pricing is built, a large market for On Board Units (tags) will develop.

Final contract award is conditional upon successful contract negotiations within 30 days.


Trondheim 23rd of January 2009.

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Q-Free Bangkok Q-Free BECL

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