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Tag contract in Brasil - 24 mnok

Q-Free has been awarded an order for tags from Centro Gestao Meios de Pagto (CGMP) in Brazil valued at 24 MNOK.

This order is the third and final call off from the earlier announced tag frame agreement of 109 MNOK (9th of February 2010). This implies that the total order value is 112 MNOK.

- Tag orders represent an important underlying business for the company and as such our activity in Brazil represents an important market.

Q-Free continues to be the dominating tag provider in this interesting market, CEO Øyvind Isaksen comments.

Q-Free has a fully owned subsidiary in São Paulo, Brazil. The order will be delivered within Q1 2011.

Trondheim 19 August 2010


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