The first order under the frame agreement will be delivered during the fourth quarter 2015, totalling a value of approximately NOK 2 million.
-We are pleased to have been awarded a 3 year frame agreement for deliveries of tags to the North-West Concession Company in Russia. This demonstrates the competitiveness of our OBU 615 comments CEO in Q-Free, Thomas Falck.
For further information, please contact:
CEO Thomas Falck: +47 468 00 767
CFO Roar Østbø: +47 932 45 175
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 20 countries and presence on all continents. The Q-Free head office is in Trondheim, Norway. Q-Free is listed on the Oslo Stock Exchange under the ticker QFR.
“North-West Concession Company” Limited Liability Company is a special purpose company which performs construction and in future will operate on a toll basis Moscow – St Petersburg highway km 15-58. The new highway will allow unloading the traffic on the federal highway M-10 “Rossiya”. The main tasks of “NWCC” LLC are financing, construction, operation and maintenance of the highway within the framework of public private partnership (PPP) during 31 years.