Brazil calls off more Q-Free tags and roadside equipment

Q-Free has been awarded an order for tags and roadside equipment from Centro Gestao Meios de Pagto (CGMP) in Brazil valued at US$8.68 million. This order is a call off from the earlier announced frame agreement of $34.25 million announced in October, 2010.

April 25, 2012 Read time: 1 min

310 Q-Free has been awarded an order for tags and roadside equipment from Centro Gestao Meios de Pagto (CGMP) in Brazil valued at US$8.68 million. This order is a call off from the earlier announced frame agreement of $34.25 million announced in October, 2010.

“We have delivered more than four million tags to this market and established a unique position,” said Q-Free’s CEO, Dr. Oyvind Isaksen, adding that the order is important for the company’s product sales and for its entrance into other markets in Latin America.

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