Q-Free ASA — M&A Activity 2020

Dec 8, 2020

Q-FREE: Tolling frame agreement in Norway - 30 MNOK

Q-FREE: Tolling frame agreement in Norway - 30 MNOK

Q-Free has won a 4-year frame agreement with Vegfinans, a regional toll road

company in Norway. The frame agreement has an estimated value for Q-Free of

approximately 30 MNOK and comprises delivery of toll stations in the eastern

part of Norway plus service and maintenance for up to 15 years.

-We are very pleased that Vegfinans has chosen Q-Free as one of their suppliers

and decided to emphasize quality and predictability in their tender evaluation,

says Silje Færestrand, VP Norway and DSRC Sales.

For further information, please contact:

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

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

1 billion NOK and employs approximately 400 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.