The Directorate of Norwegian Customs has awarded Q-Free a frame agreement for delivery of cameras, sensors and services for vehicle and number plate recognition along Norwegian border crossing points. The frame agreement will also serve the Norwegian Public Roads Administration and the Norwegian Police and lasts for 2 years with options to prolong for 2 more years.
The contract has no minimum guaranteed volume, but Q-Free estimates the value to be in the 40-60 MNOK range. Deliveries are expected to start in 2019. According to public procurement regulations, there is a period for filing complaints, which ends 25 June 2018.
-This frame agreement is key to backfill our order backlog and support revenue growth. It demonstrates our ability to apply core tolling competence in new and adjacent market segments and Q-Free’s position as a provider of a broad range of ITS solutions also in our home market, comments President & CEO 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 Intelligent Transportation Systems. The company has approximately 400 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.