Brief: Q-Free Gets Tolling ALPR Contract In The US

Q-Free ASA

07/06/2023 07:54

June 7 (Reuters) - Q-Free ASA  QFR.OL :
    * Q-FREE: TOLLING ALPR CONTRACT IN THE US - 26 MNOK
    * BASE CONTRACT IS FOR SIX YEARS WITH EXTENSION OPTIONS
    * CONTRACT HAS A MINIMUM VALUE OF 26 MNOK AND A MAXIMUM
VALUE OF
48 MNOK IF OPTIONS ARE EXERCISED BY CONDUENT
    * REVENUE FOR THIS CONTRACT WILL MOSTLY BE RECOGNIZED AS
RECURRING
REVENUE STARTING EARLY 2024

Source text for Eikon:  ID:nWkr6vSf4t 
Further company coverage:  QFR.OL 

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