– As communicated in our Q3 report, the security division is not part of Q-Free’s core business going forward. We want to move forward with a more focused offering and invest our time and resources in developing leading positons in the tolling, parking, infomobility, urban, and inter-urban segments. Therefore, we are pleased to announce that we already have found a buyer for PSG’s assets and that the transaction will be consummated shortly, comments Q-Free’s CEO, Håkon Volldal.

For further information, please contact:

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

CFO, Roar Østbø: +47 932 45 175

About Q-Free

Q-Free is a leading global supplier of ITS (Intelligent Transportation Systems) products and solutions. The company has approximately 460 employees, offices in 20 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