profitability in the third quarter. Revenue increased 10 per cent to US$28.6 million, with operating profit of US$8.4 million and a profit before tax of US$1.2 million. This compares to a negative operating result of US$3.9 million and a loss before tax of US$3.7 million in the third quarter 2012.
Q-Free has also strengthened its efforts in advanced transportation management systems (ATMS) through an investment in the American traffic management company Intelight in Tucson, Arizona, and acquisition of th
Norwegian toll technology provider Q-Free has received a further order from Vespucio Norte Express in Chile for its OBU610 toll tags, valued at US$3.4 million. Delivery starts in May 2013. One of the first urban concessionaires in Santiago, Vespucio Norte Express is one of the most modern road connections worldwide. In operation since January 2006, the 29 km link is one of the busiest roads in the Chilean capital. It aims to reduce travel times, increase safety levels for users, contribute to urban develo
MobiDeos, a specialist in mobile video surveillance and remote monitoring software, is mobilising its WebView fixed surveillance platform for Windows Phone users. Last summer, the company introduced WebView, as a truly open web-based platform for fixed surveillance and remote monitoring, for professionals and consumers. It uses the the same proven engine as the company’s popular MobileCamViewer mobile surveillance application to ensure reliable service and connectivity.
Vinci Autoroutes in France, the largest toll operator in Europe, has chosen Q-Free’s OBU 610 universal toll tag in an order valued at US$5.5 million. With more than four thousand kilometres under their concession Vinci Autoroutes controls around half of France’s national network. The OBU 610 is Q-Free’s fourth generation transponder, small yet powerful enough to support all 5.8 GHz CEN DSRC protocols.
