Q-Free has been awarded a contract to deliver and install tolling roadside equipment in the northern region Bizkaia in Spain. The project will be the first Multilane Free Flow (MLFF) tolling system in the region.

The contract will have a value of approximately 26 MNOK and includes recurring service and maintenance revenues. Project deliveries will be completed in 2022.

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 31 December 2021 at 16.35 CET.

About Q-Free:

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 900 million NOK (100 MUSD) 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