Q-FREE – CONTRACT FOR TAGS IN PORTUGAL – 16 MNOK

Q-Free has received an order for tags (OBUs) from Via Verde, - the only tag issuer in Portugal. The order has a value of approximately 16 MNOK and will be supplied within this year.Via Verde is a part of the Brisa Group, which is one of Portugal`s leading concessionaires.   "Tag demand in Portugal is increasing and this trend will probably continue going forward. Both expansion of tolling infrastructure and replacement of old tags will drive this trend", CEO in Q-Free Øyvind Isaksen comments.  Q-Free has a subsidiary in Lisbon, Portugal. Trondheim 31. October 2011 For further