Q-Free
 | |
| Public | |
| Traded as | OSE: QFR |
| Industry | Technology |
| Founded | 1984 |
| Headquarters | Trondheim, Norway |
Key people | Øyvind Isaksen (CEO) |
| Products | Electronic toll collection |
| Revenue | 586 million kr (FY 2010) |
| Website |
www |
Q-Free ASA (OSE: QFR) is an electronic toll collection technology (ETC) development company based in Trondheim, Norway. The company sells systems for toll collection and automated ticketing globally and is listed on the Oslo Stock Exchange.
History
Q-Free is a technology supplier of products for road pricing (RUC) and road traffic control.
With offices in most European countries, Asia, Australia and Americas, Q-Free sells applications mainly within electronic toll collection for road financing, congestion charging, truck-tolling and parking/access control.
The company supplies DSRC (Dedicated Short Range Communication) technology, OCR (image processing), ALPR (Automatic License Plate Registration) and GNSS (Global Navigation Satellite System) based products.
The company was established as Micro Design AS in 1984. In 1988 Q-Free ETC technology was installed in Trondheim and two years later in Oslo, the two systems being the predecessor to the present AutoPASS technology in Norway. The company's first international delivery came in 1995 to Portugal and in 1997 the European standard for Electronic Toll Collection was introduced. In 1998 the company changed its name to Q-Free. The company's headquarter is in Trondheim, Norway. Q-Free also has regional offices in Europe, America, Asia and Australia. On April 3, 2002 the company was listed on the Oslo Stock Exchange with the ticker QFR.
In September 2001, Q-Free bought the cellphone manufacturer MagCom.[1] The new company, named Q-Free MagCom, continued as a separate entity for around a year, after which the production of phones ceased.
References
- ↑ Q-Free buys mobile phone company, from NRK, in Norwegian.