Q-FREE ASA - SECOND QUARTER RESULT 2010

"Focus this year is to position the company for several bigger
infrastructure projects, - many of them to be concluded in 2011 and
2012. 2010 will be a transition year and will not represent a financial
improvement due to lack of infrastructure project awards in 2010", says
CEO Dr. Oyvind Isaksen.

Highlights from the quarter;

· Revenues of 169.6 MNOK, highest product revenue since 2005
· Operating profit of 8.8 MNOK, 5.2 % margin
· Profit before tax amounted to 7.6 MNOK, 4.5 % margin
· Cash position weakened, but expected to improve in the coming
quarters
· Order intake of 100 MNOK
· Order backlog of 609 MNOK

Isaksen further comments; "It is motivating to observe that the global
Intelligent Transport System market is showing clear growth trends and
that Q-Free's positioning enables long term growth of the company."

Enclosures: Quarterly report and presentation

Trondheim 18. August 2010.

For further information, please contact:

CEO Øyvind Isaksen, cell: +47 905 59 401

CFO Roar Østbø, cell: +47 932 45 175