Q-FREE – TOLLING CONTRACT IN THE US – 11 MNOK

Q-Free Open Roads has been awarded a tolling contract from TransCore at a value of NOK 11 million.

As a sub-contractor, Q-Free will provide Intrada Synergy Server product and services in the North Carolina Turnpike Authority roadside toll collection project for the Monroe Expressway and for the US-74 Express Lanes. The contract begins immediately and will be delivered July 2018, followed by a five (5) year maintenance agreement.

-We are pleased to, once again, be a subcontractor to TransCore, one of the largest companies in the world providing Tolling and ITS solutions. The award is significant for Q-Free Open Roads and demonstrates our continued growth and focus on Image Processing Solutions within the tolling market, comments President/Managing Director of Q-Free Open Roads, James Knowlton.

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 415 employees, offices in 18 countries, and 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