Skip to main content

Eastern Europe opts for Q-Free traffic management

Q-Free subsidiary Elcom is to supply the city of Belgrade, Serbia, with advanced transportation management systems (ATMS), including traffic signal controllers and traffic management systems. The contract, valued at around US$1 million will begin in July 2014 and will be delivered within one year. Q-Free has also been awarded contracts valued at more than US$300,000 for traffic signal systems to be supplied to in Serbia and Macedonia during 2014. “Q-Free has made several acquisitions within the ATMS
July 21, 2014 Read time: 1 min

108 Q-Free subsidiary 7723 Elcom is to supply the city of Belgrade, Serbia, with advanced transportation management systems (ATMS), including traffic signal controllers and traffic management systems.  The contract, valued at around US$1 million will begin in July 2014 and will be delivered within one year.

Q-Free has also been awarded contracts valued at more than US$300,000 for traffic signal systems to be supplied to in Serbia and Macedonia during 2014.

“Q-Free has made several acquisitions within the ATMS market over the past two years. We are pleased to see that all companies are performing well and that our entire offering is in demand by the market" says Q-Free CEO Thomas Falck.

For more information on companies in this article

Related Content

  • More Norwegian tolling contracts for Q-Free
    September 14, 2015
    The Norwegian Roads Administration has awarded a contract valued at around US$4.5 million to Q-Free for four toll contracts in Oppland, Norway. The contracts include installation of charging points, including gantries and roadside equipment, along with service and maintenance after the completion of the installation, as well as options for additional project and service and maintenance works. “Q-Free is pleased to win these contracts for delivery and support of four smaller Autopass tolling projects
  • Q-Free expands technology offering with acquisition of TCS
    January 2, 2013
    Norwegian-headquartered tolling specialist Q-Free is to acquire 100 per cent of the shares of TCS International (TCS). Established more than ten years ago, TCS has fifteen employees, with offices in Boston, US, and a subsidiary in Toronto, Canada. The company provides advanced transportation management systems (ATMS), specialising in intelligent parking guidance and management systems. TCS offers consulting solutions and systems design for a wide range of clients including cities, transportation organisati
  • Q-Free wins $26.5 million tolling contract in Portugal
    January 26, 2012
    Q-Free has received an order, valued at approximately US$26.5 million, from the Portuguese road operator Ascendi for a major infrastructure project in Portugal.
  • Positive outlook for Q-Free
    August 15, 2013
    Q-Free reported revenue of US$25 million for the second quarter 2013, an increase of 29 per cent from the same quarter last year. Operating profit (EBIT) improved to a positive US$51,000 from an operating loss of US$3.8 million in the same period last year. Loss before tax was reduced to US$391,000 from a loss of US$3.9 in the second quarter 2012. The improved earnings mainly reflect changes in the revenue composition, with higher product and service and maintenance revenue.