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Q-Free: SaaS contract in the USA – 28 MNOK

Q-Free has received an additional agreement for one of its key statewide ATMS contracts in the USA. The agreement adds scope to provide cloud infrastructure hosting and respective cloud support for Q-Free’s OpenTMS solution for an initial period from April 2022 until June 2023 and has a total value of approximately 28 MNOK. The agreement could be prolonged for several years.

– We are very pleased to see that Q-Free has continued to expand its ATMS cloud deployments and that the customer has decided to expand the scope of services Q-Free provides. The agreement gives us a nice and steady monthly cash flow and provides us with an opportunity to continue providing OpenTMS as a turn-key hosted cloud solution in the future, comments President & CEO, Håkon Volldal.

For further information, please contact:

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

Trond Christensen: CFO, +47 481 02 754

This information is considered to be inside information pursuant to the EU Market Abuse Regulation article 7 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 21 April 2022 at 09:35 CET.

Headquartered in Trondheim, Norway, Q-Free has annual revenues of approximately 1 billion NOK 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.