Q-FREE -CONTRACT IN SWEDEN - 29 MNOK
Q-FREE -CONTRACT IN SWEDEN - 29 MNOK
The Swedish Road Administration (Transportstyrelsen) has appointed
Q-Free ASA as supplier of service- and maintenance for the congestion
charging infrastructure in Stockholm which was delivered by Q-Free in
2006. Further the contract also includes implementation of some changes
to the infrastructure. The total contract value is 29 MNOK.
- This contract continues our active participation in the Stockholm
project, which is one of the world`s most advanced and efficient
congestion charging schemes, comments CEO in Q-Free, Øyvind Isaksen.
The contract is for one year starting up January 1st 2011. Q-Free has a
subsidiary in Stockholm, Sweden.
Trondheim 27. October 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