Q-FREE SECOND QUARTER AND FIRST HALF YEAR 2013 RESULTS

Q-Free reported revenue of NOK 148 million for the second quarter 2013, an increase of 29% from the same quarter last year. Operating profit (EBIT) improved to a positive NOK 0.3 million from an operating loss of NOK 22.8 million in the same period last year, and the loss before tax was reduced to NOK 2.3 million from a loss of NOK 23.5 million in the second quarter 2012.The improved earnings mainly reflect changes in the revenue composition, with higher product and service and maintenance revenue.The company has seen an uptick in tag demand, and the overall order intake of NOK 194 million