Q-FREE  -  57 MNOK TAG CONTRACT IN CHILE

Q-FREE  -  57 MNOK TAG CONTRACT IN CHILE

Q-Free has received a tag order from Autopista Central and Vespucio
Norte Express in Chile valued 57 MNOK.

 

- The tag demand in South-America is increasing and as such our success
in this market is important, CEO in Q-Free Øyvind Isaksen comments.

 

The order will be delivered within Q2 2013.

 

Trondheim 28. 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