Q-FREE – TOLLING CONTRACT AWARD IN DENMARK – 70 MNOK

Q-Free ASA has been announced as the preferred tenderer to deliver an upgrade of the tolling system at Storebæltsbroen (The Great-Belt Bridge) in Denmark. Due to public tender regulations, there is a period for submission of complaints, and formal contractual signing can only take place after this period.

The contract has a value of approximately 70 MNOK and comprises roadside and back office solutions as well as service and maintenance. The system delivery is planned to commence in 2018 and be finalised in 2019.

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 Intelligent Transportation Systems comprising tolling, parking, infomobility, traffic management and C -ITS/connected vehicle solutions. Founded in 1984 and headquartered in Trondheim, Norway, the company has annual revenues of approximately 1 billion NOK, approximately 400 employees, offices in 17 countries, and a presence on all continents. Q-Free is listed on the Oslo Stock Exchange under the ticker QFR. 

www.q-free.com

Twitter: @Q-FreeASA