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Frame agreement in Brazil valued 205 mnok

Q-Free has been awarded a frame agreement for deliveries of tags and road side equipment from Centro Gestao Meios de Pagto (CGMP) in Brazil valued at 205 MNOK. The guaranteed volume is 51 MNOK.

- We have experienced an interesting development in the Brazilian tag market the last year, and this contract is twice the size of the previous frame agreement, comments CEO Øyvind Isaksen. The frame agreement is expected to be delivered within the first quarter 2012.

For further information, please contact:
CEO Øyvind Isaksen, cell: 47 905 59 401
CFO Roar Østbø, cell: 47 932 45 175

Associated companies:

Q-free Asa

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Frame agreement in Brazil valued 205 mnok

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