Q-Free has signed contracts with Fjord1 to deliver equipment and services for
automated classification and AutoPASS payments for several ferry connections in
Norway (Indre Sunnmøre and Romsdalspakken). The combined value of these
contracts is approximately 55 MNOK. The contracts will start on 1 January 2020
and run for up to 14 years.
-We are proud that Fjord1 continues to trust Q-Free as its supplier of automated
classification and payment solutions. The new solutions will improve the user
experience for ferry passengers and enable more effective and efficient
operational processes for the ferry operator. During the past couple of years Q
-Free has signed long-term contracts in the Norwegian ferry market with a total
value of more than 120 MNOK. This is a substantial contribution to our recurring
revenue business, comments President & CEO in Q-Free, Håkon Volldal.
For further information, please contact:
President & CEO, Håkon Volldal: +47 977 19 973
CFO, Tor Eirik Knutsen: +47 950 50 062
About Q-Free
Q-Free is a leading global supplier of ITS (Intelligent Transportation Systems)
products and solutions. The company has approximately 380 employees, offices in
17 countries, and a presence on all continents. Headquartered in Trondheim,
Norway, Q-Free is listed on the Oslo Stock Exchange under the ticker QFR.
www.q-free.com
Twitter: @Q-FreeASA