TAG CONTRACT IN BRASIL - 26 MNOK

​Q-Free has been awarded an order for tags from CentroGestao Meios de Pagto (CGMP) in Brazil valued at 26 MNOK.

This order is a call off from the earlier announced tag frameagreement of 109 MNOK (9th of February 2010). This order implies that 88 MNOK have been ordered of this frame agreement. 

- Tag orders represent an important underlying business for the company and as such our activity in Brazil represents an important market. Q-Free continues to be the dominating tag provider in this interesting market, CEO Øyvind Isaksen comments. 

Q-Free has a fully owned subsidiary in São Paulo, Brazil. The order will be delivered within the end of 2010.

Trondheim 30th of June 2010

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. 300 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