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Q-FREE – RUC CONTRACT IN CHILE – 34 MNOK

The order comprises design and installation for renewal of an existing electronic toll collection system in Santiago. The delivery will be completed within the end of 2017, followed by an initial service and maintenance period for three years. The customer has an option to call for the delivery of additional charging points and extend the Service and maintenance period for another 7 years.

– We are pleased to receive this order for our Single Gantry Multi Lane Free Flow Tolling System with Vespucio Norte in Santiago, Chile. This contract is an important win for Q-Free in the Chilean market, comments CEO in Q-Free, Thomas Falck.

For further information please contact:

CEO Thomas Falck, cell +47 468 00 767
CFO Roar Østbø, cell +47 932 45 175

About Q-Free

Q-Free is a leading global supplier of products and solutions within Road User Charging and Advanced Transportation Management Systems. The Q-Free Group has approximately 430 employees with offices in 19 countries and presence on all continents. The Q-Free head office is in Trondheim, Norway. Q-Free is listed on Oslo Stock Exchange under the ticker QFR.

www.q-free.com

Twitter: @Q-FreeASA