Q-Free has signed multiple Parking Guidance contracts with a US customer. The delivery includes ultra-sonic single space sensors, intelligent signage, a suite of statistical reports and an API tool to show real time parking availability. Project value stands at 29 MNOK with all revenues to be recognized before the completion in Q3-2019.
The customer’s goal was to obtain a solution that makes the parking experience easier by way of guidance to available parking spaces and reduces emissions, noise and air pollution caused from “cruising” looking for available parking. The Q-Free solution met the customer’s goal, and we look forward to the delivery says Dave Radford, Executive Vice President, Parking Solutions.
This contract is a substantial contribution to Q-Free’s parking business and ensures high double-digit growth in this segment in 2019. It also proves that our new and updated offering is compelling and competitive comments President & CEO, Håkon Volldal.
Q-Free is a leading global supplier of ITS (Intelligent Transportation Systems) products and solutions. The company has approximately 385 employees, offices in 16 countries, and a presence on all continents. Headquartered in Trondheim, Norway, Q-Free is listed on the Oslo Stock Exchange under the ticker QFR.