Defence Products, News, Road Technology

Q-Free – Contract in Portugal – 154 MNOK

Q-Free has today received an order from the Portuguese road operator Ascendi, for a major infrastructure project in Portugal. The order value is approximately 154 MNOK

This contract follows a successful implementation of a similar tolling system during 2009 for the same client.

The contract comprises supply of Multilane Free Flow tolling stations and operational back office for the concessions Beiras Litoral e Alta and Interior Norte. Ascendi currently operates 7 concessions and is responsible for more than 1300 km of motorways and roads in Portugal.

“The Portuguese market continues to be important for the company, and we are specifically pleased that we once again have been selected as Ascendi’s partner for advanced fully automated tolling systems”, CEO in Q-Free Øyvind Isaksen comments. The project execution will start immediately. Q-Free has a subsidiary in Lisbon, Portugal. Trondheim 24 January 2011

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

About Q-Free

Q-Free is a leading global supplier of solutions and products for Road User Charging and Traffic Surveillance having applications mainly within electronic toll collection for road financing, congestion charging, truck-tolling, law enforcement and parking/access control. Q-Free offers solutions and products based on state of the art technology, and is the leading supplier within DSRC (tag) – and ALPR (Automatic License Plate Registration) and GNSS (Global Navigation Satellite System) based solutions, with deliveries in Europe, Asia-Pacific, Middle East and North- and South America. The company has appr. 300 employees in 11 locations and representatives in 7 other countries. Headquarter is based in Trondheim, Norway. Q-Free is listed on the Oslo Stock Exchange with the ticker QFR.