Q-Free has been awarded a contract, valued at US$3 million by the Norwegian Public Roads Administration (NPRA) for autopass equipment for the Bypakke Grenland toll project, including installation and service and maintenance for 90 months, with further options for the service and maintenance period.
The installation is due to be completed in the third quarter of 2016.
Q-Free Open Roads has been awarded advanced transportation management systems (ATMS) contracts in the US at a value of US$2.5 million for equipment and services. The contracts will be delivered in the first and second quarters of 2015.
“We are very pleased to see the high activity level in Open Roads following Q-Free’s recent acquisition,” says Q-Free CEO Thomas Falck.
Q-Free acquired Open Roads Consulting in September this year and said at the time that the acquisition was a strategically good match
The largest highway operator in Europe, French highway concessionaire Vinci Autoroutes has extended its frame agreement for tags with Q-Free with an order estimated to be a minimum of US$4.2 million. The contract will be fulfilled within 2016, with an option for further extension.
“Q-Free has been present in the French market for many years. We are very pleased to receive this extension of the frame agreement with this important customer. During the delivery period, Q-Free will be able to introduce new e
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
