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
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.