Q-FREE ASA in Traffic Management Software

Q-Free is transforming itself from a tolling solutions provider to an intelligent transport solutions provider. The company has expanded its product portfolio to cater to the end-to-end requirements of the transportation industry. The company is developing and pushing its innovative solutions such as multilane free-flow tolling, wireless parking sensors, open traffic management platforms, and state-of-the-art traffic controller software into the market. The company has completed several acquisitions during the past 5 years, but is now focusing on consolidating its market position in core segments. Historically Q-Free has had a strong presence in Europe, however the North American and Asian markets are becoming more important. For instance, in October 2016, the company signed a large contract with the Virginia Department of Transportation (VDOT) to install a statewide traffic management system. In 2015, the company acquired Intelight Inc., a leading US-based manufacturer and supplier of innovative traffic management products. Q-Free is also trying to make a significant impact in the APAC market as the company is well versed with increased government spendings for the development of roadways and infrastructure in the region.