North Carolina Department of Transportation awarded Q-Free a statewide traffic controller software contract in the UNITED STATES totaling at least 48 MNOK. The contract includes the delivery of Q-Free’s MAXTIME and Kinetic Signals solutions. The contract includes licenses and a maintenance period of 7 years.
– We are very pleased to see that Q-Free has been evaluated against the competition and selected as the best solution for NCDOT’s statewide traffic management needs. Contract expands our presence in the Southeast United States and provides us with the opportunity to sell additional Kinetic Mobility features and services, comments the interim CEO, Trond Christensen.
This information is considered inside information under the EU Market Abuse Regulation and is subject to disclosure requirements under Section 5-12 of the Norwegian Securities Act. This Sotck exchange ad was posted by Rita Boe Isaksensecretary of the board of directors ASA without Qon September 26, 2022 at 09:20 CET.
For more information, please contact:
Trond Christensen: Acting CEO, +47 481 02 754
About Q-Free:
ASA without Q (OSE: QFR) is a global innovator in intelligent transport systems that improve traffic flow, road safety and air quality. With an open and collaborative approach to toll, traffic and active transportation management, Q-Free works with customers and partners on all continents to digitize infrastructure and address the challenges of modern mobility for the greater good. of the society. Based in Trondheim, NorwayQ-Free has annual revenues of approximately NOK 900 million and employs approximately 350 transport innovators, experts and enthusiasts. To learn more about how Q-Free is “changing the motions of life”, visit www.q-free.com or Twitter:@Q-FreeASA
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