North Carolina Department of Transportation has awarded Q-Free a state-wide traffic controller software contract in the USA totalling minimum 48 MNOK. The contract includes delivery of Q-Free’s MAXTIME and Kinetic Signals solutions. The contract includes licences and a 7-year maintenance period.
– We are very pleased to see that Q-Free was evaluated against the competition and selected as the best solution for NCDOT’s Statewide traffic management needs. The contract expands our presence in the South-eastern United States and provides us with an opportunity to sell additional Kinetic Mobility features and services on top, comments Interim CEO, Trond Christensen.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Rita Bøe Isaksen, Board Secretary in Q-Free ASA, on 26 September 2022 at 09:20 CET.
For further information, please contact:
Trond Christensen: Interim CEO, +47 481 02 754
Q-Free ASA (OSE: QFR) is a global innovator in intelligent transportation systems that improve traffic flow, road safety, and air quality. With an open, collaborative approach to tolling, traffic and active transportation management, Q-Free works with customers and partners on every continent to digitize infrastructure and overcome modern mobility challenges for the greater good of society. Headquartered in Trondheim, Norway, Q-Free has annual revenues of approximately NOK 900 million and employs approximately 350 transportation innovators, experts, and enthusiasts. To learn more about how Q-Free is “changing the movements of life”, visit www.q-free.com or Twitter:@Q-FreeASA