Q-Free ASA

Q-FREE - TAG ORDER IN SOUTH-AFRICA - 27 MNOK

Pressemelding   •   feb 16, 2011 09:39 CET

Q-Free has received a tag order from ETC in South-Africa to a value of
27 MNOK. ETC is appointed as operator for the Gauteng Project and is
responsible for the distribution of tags.

"This is Q-Free's first tag order in South-Africa, and an important
reference for future success in this promising market", CEO Øyvind
Isaksen comments.

The order will be delivered within June 2011.

Q-Free has a subsidiary in Durban, Q-Free Africa which has a BEE-status.

Trondheim 16 February 2011

For further information, please contact:

CEO Øyvind Isaksen, cell: 47 905 59 401

CFO Roar Østbø, cell: 47 932 45 175

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 OCR (image processing) based solutions, with deliveries in Europe, Asia-Pacific, Middle East and North- and South America.