Skip to main content

Q-Free awarded toll tag contract in Russia

Q-Free has recently signed a three-year framework agreement to supply toll tags to Northern Capital Highway, a toll operator in St. Petersburg, Russia. The agreement has a total value of approximately US$1.4 million (NOK11 million) over the period. According to Q-Free, the tag market in Russia has been picking up over the last years and the company has received orders from several customers, although the framework agreement with Northern Capital Highway is the largest single agreement for Q-Free in Russi
August 23, 2017 Read time: 1 min

Q-Free has recently signed a three-year framework agreement to supply toll tags to Northern Capital Highway, a toll operator in St. Petersburg, Russia. The agreement has a total value of approximately US$1.4 million (NOK11 million) over the period.

According to Q-Free, the tag market in Russia has been picking up over the last years and the company has received orders from several customers, although the framework agreement with Northern Capital Highway is the largest single agreement for Q-Free in Russia to date.

Related Content

  • IRD announces strong third quarter, launches new products
    October 14, 2016
    Intelligent transportation systems provider International Road Dynamics (IRD) has announced solid financial results for the third quarter of 2016, with revenues up 16.0 per cent to US$36.6 million (CA$48.4 million) on growth in key North American markets and an increase in gross margin to 32.5 per cent. Nett earnings increased 27.5 per cent to US$1.6 million (CA$2.2 million). The company says it is in a strong financial position with working capital of US$10 million ($13.3 million). According to Terry Be
  • IRD pleased with 2014 performance to date
    July 11, 2014
    International Road Dynamics’ results for the three and six one of the world's leading providers of systems and solutions for the three and six months ended 31 May show total revenue up 15 per cent year to date, which the company says is due to a strong growth in key geographic markets. Revenue in Canada and the US revenue rose 23 per cent year to date on solid performance in projects and product sales, while Latin America revenue increased 22 per cent year to date on significant project deliveries. Sout
  • Healthy growth projected for driver assistance systems market
    September 22, 2014
    The value of the blind spot detection system market is projected to grow US$2.8 billion and adaptive cruise control system market to grow US$6.1 Billion by 2019 at a healthy CAGR of 22.8 per cent and 16.9 per cent respectively from 2014 to 2019, according to the latest report from Research and Markets. The report, Blind Spot Detection (BSD) System and Adaptive Cruise Control (ACC) System Market for Passenger Cars; by Geography - Trends and Forecasts 2014-2019, says that automotive adaptive cruise contr
  • Highways Agency launches A14 consultation
    April 9, 2014
    As a result of the public consultation to consider route options for the A14 Cambridge to Huntingdon improvement scheme, the proposed scheme has been developed in more detail and plans to toll the road have been dropped. Changes that have been made in response to feedback from last year’s consultation include improvements to four junctions on the route and an updated local access road been proposed between two villages. The Highways Agency has now launched a ten-week consultation period, which forms par