Brief: Q-Free Signs Frame Contract With Expected Value Of NOK 80-130 Mln

Q-Free ASA

17/09/2019 09:22

Sept 17 (Reuters) - Q-Free ASA  QFR.OL :
    * Q-FREE - LARGE ALPR FRAME AGREEMENT
    * FRAME CONTRACT HAS AN EXPECTED VALUE OF 80-130 MNOK
DEPENDING ON
LICENSE VOLUMES
    * CONTRACT VALUE WILL NOT BE INCLUDED IN OUR BACKLOG OR
ORDER
INTAKE IN Q3-19 AS THERE IS NO MINIMUM VOLUME
    * HAS SIGNED A FRAME AGREEMENT TO PROVIDE A LARGE NUMBER OF
LICENSES FOR ITS INTRADA AUTOMATED LICENSE PLATE RECOGNITION
(ALPR) SOFTWARE TO A CUSTOMER IN USA
    * Q-FREE - EXPECTED LICENSE VOLUMES ARE SUBSTANTIAL AND WILL
GENERATE HIGH-MARGIN REVENUES FOR Q-FREE IN COMING YEARS

Source text for Eikon:  ID:nWkrccJx3m 
Further company coverage:  QFR.OL 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com;))