Brief: Q-Free To Cooperate With Vegamot

Q-Free ASA

25/11/2021 07:21

Nov 25 (Reuters) - Q-Free ASA  QFR.OL :
    * Q-FREE: TOLLING ARR CONTRACT IN NORWAY
    * VEGAMOT AS, A NORWEGIAN TOLLING OPERATOR, HAS AWARDED
Q-FREE
CONTRACT TO DESIGN, DELIVER AND SERVICE TOLLING ROADSIDE
EQUIPMENT FOR "BYPAKKE ÅLESUND"
    * PROJECT DELIVERIES WILL BE COMPLETED IN 2022
    * CONTRACT IS MAINLY STRUCTURED AS A SERVICE CONTRACT THAT
WILL
GENERATE ANNUAL RECURRING REVENUES OVER A PERIOD OF 15 YEARS
    * RECURRING REVENUE ELEMENT OF CONTRACT WILL EXCEED Q-FREE'S
ANNOUNCEMENT THRESHOLD OF 2.5 MNOK PER YEAR
    * EXACT AMOUNT WILL NOT BE DISCLOSED YET

Source text for Eikon:  ID:nObiCWC0Da 
Further company coverage:  QFR.OL 

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