Q-FREE- TOLLING CONTRACT IN CHILE- 30 MNOK

Q-Free has entered into a contract with Sociedad Concesionaria Vespucio Norte Express S.A. for service and maintenance of roadside equipment in Chile. The contract has a value of approximately 30 MNOK and a duration of 7 years starting in September 2019.

-We are pleased to continue our services to Vespucio Norte and strengthen our presence in the growing Chilean tolling market, 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 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 380 employees, offices in 17 countries, and is present on all continents. Q-Free is listed on the Oslo Stock Exchange under the ticker QFR.

www.q-free.com

Twitter:@Q-FreeASA