New Year orders for Q-Free

UK-based Q-Free TDC has received orders from three different customers at a total value of US$3 million. The orders comprise deliveries of weigh-in-motion (WIM) services and equipment to the Department for Transport in the UK, in addition to one customer in the US and one customer in Pakistan. The orders will be delivered during 2016. “The order in the US is a breakthrough in this market, and I am pleased to see that our offering through Q-Free TDC is attractive both in existing and new markets,” comm
January 4, 2016 Read time: 1 min
UK-based 108 Q-Free TDC has received orders from three different customers at a total value of US$3 million.

The orders comprise deliveries of weigh-in-motion (WIM) services and equipment to the 1837 Department for Transport in the UK, in addition to one customer in the US and one customer in Pakistan. The orders will be delivered during 2016.

“The order in the US is a breakthrough in this market, and I am pleased to see that our offering through Q-Free TDC is attractive both in existing and new markets,” comments acting CEO, Roar Østbø.
Classification & Data Collection

For more information on companies in this article

Related Content

  • Strategic organisational changes at Q-Free
    May 22, 2014
    Q-Free has carried out a revision of the company strategy and will make organisational changes in order to strengthen its market position. CEO Thomas Falck, who was appointed CEO on 6 January 2014, on an initial six-month contract, will remain at the helm through 2014 in order to oversee a successful implementation of the changes. Going forward, Q-Free will operate three business areas: road user charging (RUC); advanced transportation management systems (ATMS); and the new business area managed services
    Read More
  • Q-Free appoints new CFO
    April 6, 2017
    Q-Free has appointed Tor Eirik Knutsen, currently Group CFO for Norsk Mineral, as its new chief financial officer. He will join Q-Free by the beginning of October 2017. Knutsen brings with him a diverse financial background, which includes experience with M&A transactions, business development projects and cost optimisation initiatives and the company is confident he will play a key role in restoring profitable growth in Q-Free. He replaces current CFO Roar Østbø, who has decided to pursue other career o
    Read More
  • Q-Free reports increased revenue for first quarter of 2014
    April 30, 2014
    Q-Free reported 22 per cent increase in revenues to US$28 million in the first quarter of 2014, reflecting continued growth for products and service and maintenance but lower projects revenues. Operating profit (EBIT) increased to US$166,000 from an operating loss of US$8.8 million in the first quarter of 2013; pre-tax profit improved to US$333,000 from a loss of US$9.1 million in the same period last year.
    Read More
  • Q-Free reports strong revenue growth
    February 12, 2015
    Q-Free has reported strong revenue growth in the fourth quarter of 2014, reflecting a substantial increase in sales within the advanced transportation management systems (ATMS) business following the acquisition of US-based Open Roads by the end of the third quarter 2014 and an increase in product revenues. “In early 2014, we revised our strategy and now aim at creating more leads in the small and mid-sized segments. In Q4, we have made significant progress in this respect. At the same time we succeeded
    Read More

Highlighted Content