Trondheim, Norway 20 January 2016; Q-Free Open Roads has been awarded a tolling contract from TransCore, US, at a value of NOK 45 million.

The contract is a part of the upgrade of the Central Florida Expressway Authority's electronic toll collection system. The Q-Free scope comprises the Intrada Image Review system including the new back office solution. The delivery will be executed in 2016 and followed by a 7.5-year service agreement.

-We are pleased to be a subcontractor to TransCore, one of the largest companies in the world providing Tolling and ITS solutions. The award is significant for Q-Free in the US tolling market and shows our increased focus on this market is starting to materialise in contracts, comments Acting CEO, Roar Østbø.

For further information, please contact:

Acting CEO and CFO Roar Østbø: +47 932 45 175

About Q-Free

Q-Free is a leading global supplier of products and solutions within the global ITS market. The Q-Free Group has approximately 430 employees with offices in 20 countries and presence on all continents. The Q-Free head office is in Trondheim, Norway. Q-Free is listed on the Oslo Stock Exchange under the ticker QFR.

www.q-free.com

Twitter: @Q-FreeASA

Q-Free ASA issued this content on 20 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 February 2016 09:56:20 UTC

Original Document: https://www.q-free.com/investor_relations/q-free-tolling-contract-in-the-us-45-mnok/