Q-FREE ASA - FIRST QUARTER RESULT 2010

"We are experiencing high market activity, and as it looks now several
major projects will be awarded in 2011 and onwards. Q-Free's present
position and our continuous effort to improve and broadening our
portfolio will place Q-Free in an attractive position going forward",
says CEO Dr. Oyvind Isaksen.

Highlights from the quarter;

. Revenues of 191.6 MNOK
. Operating profit of 13.2 MNOK, 6.9 % margin
. Profit before tax amounted to 14.8 MNOK, 7.7 % margin
. Order intake of 157 MNOK
. Order backlog of 679 MNOK

Isaksen further comments; "2010 will be a transition year for which the
most important activity will be to secure our position for future
awards. This will be achieved by continuing to have high customer focus,
proactive market activity, enhance local market setup and by
continuously improve our offering".

Enclosures: Quarterly report and presentation

Trondheim 28th of April 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