QFR – UPDATE ON “ASSESSMENT OF STRATEGIC ALTERNATIVES”

Reference is made to the announcement “Assessment of Strategic Alternatives” on 13 January 2019, where the Board of Directors of Q-Free ASA communicated that it is running a process to identify and explore various strategic alternatives for the company. 

One such alternative has been to pursue certain strategic and structural opportunities. Although constructive, these  discussions have now been terminated.

The Board remains confident that the restructuring and cost optimization done over the past couple of years combined with Q-Free’s strong order backlog and attractive contract pipeline will generate profitable growth and create substantial shareholder value. Q-Free intends to take an active part in developing strong positions in selected ITS segments going forward.

For further information, please contact:

President & CEO, Håkon Volldal: +47 977 19 973

About Q-Free

Q-Free is a leading global supplier of ITS (Intelligent Transportation Systems) products and solutions. The company has 385 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.

www.q-free.com

Twitter: @Q-FreeASA