Q-FREE Småprat tråden

TekBot oktober 28, 2020, 6:02am #62

Q-FREE: Strong third quarter 2020 results

In the third quarter of 2020 Q-Free reported solid profitability, strong cash
flow from operations, and a significant increase in order intake and order
backlog. An attractive revenue mix and reduced costs were the main drivers
…

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behind the strong result.

-We are very pleased with the performance in the third quarter. Despite several
challenges caused by the Covid-19 pandemic, profitability in Q3-20 was high, our
cash reserves increased, and multiple large contracts were won and signed. Q
-Free currently has a strong market momentum and the outlook for the coming
months is positive, comments President & CEO in Q-Free, Håkon Volldal.

Highlights for Q3-20 include:

210 MNOK in revenues, down 13% YoY amid reduced product sales and delayed
project deliveries caused by COVID-19

32 MNOK in EBITDA (15% margin), up from 31 MNOK in Q3-19 (22 MNOK excl. 9 MNOK
positive impact from a one-time pension adjustment), driven by an attractive
revenue mix and low OPEX

24 MNOK in positive cash flow from operations

354 MNOK in order intake and >300 MNOK in awarded but not yet signed contracts

1 169 MNOK in order backlog, up 7% YoY and 12% QoQ

EBITDA increased to 32 MNOK with a healthy 15% margin despite low product sales
and delayed project revenues caused by Covid-19. In the second and the third
quarter of 2020 Q-Free has reaped the rewards for proactively and forcefully
adjusting its cost base in anticipation of lower revenues. Profitability is
expected to remain solid in the coming quarters based on a healthy order
backlog, an attractive revenue mix, and continued cost control.

Good cash management and improved profitability enabled Q-Free to reduce its net
interest-bearing debt in the quarter while simultaneously increasing its
liquidity reserves. The company now has sufficient capital to fund ongoing
development initiatives/delivery projects and planned investments.

On the back of big contract wins in Portugal, the USA, and Norway plus several
medium-sized and small contracts, Q-Free increased its year-to-date book-to-bill
ratio to 1.2 and its order backlog to a healthy 1 169 MNOK. In addition, Q-Free
has been awarded contracts with an accumulated value of more than 300 MNOK.
These contracts are expected to be signed in Q4-20.

-In addition to boosting order intake and backlog, the contract wins are a
testament to Q-Free’s increasing competitiveness in the market. The company has
invested, and continues to invest, significantly in products and services that
will drive profitable growth going forward. The outlook for the fourth quarter
and 2021 is positive, Volldal comments.

The live broadcast, starting at 9 AM CET, can be followed on

https://www.q-free.com/investor_relations/web-cast/

A recorded version will be available after the webcast has been concluded.

Enclosures: Q3-20 report, Q3-20 presentation

For further information, please contact:

President & CEO, Håkon Volldal: +47 977 19 973

Interim CFO, Trond Christensen: +47 481 02 754

About Q-Free:

Q-Free ASA (OSE: QFR) is a global innovator in intelligent transportation
systems that improve traffic flow, road safety, and air quality. With an open,
collaborative approach to tolling, traffic and active transportation management,
Q-Free works with customers and partners on every continent to digitize
infrastructure and overcome modern mobility challenges for the greater good of
society.

Headquartered in Trondheim, Norway, Q-Free has annual revenues of approximately
1 billion NOK and employs approximately 400 transportation innovators, experts
and enthusiasts. To learn more about how Q-Free is changing the movements of
life, visit www.q-free.com or Twitter:@Q-FreeASA

Kilde

1 Like

TekBot november 20, 2020, 4:35pm #63

Q-Free ASA - Disclosure of shareholdings

TekBot desember 4, 2020, 7:31am #64

Q-FREE: Weigh in motion contracts - 30 MNOK

Q-Free has received orders for weigh-in-motion (WIM) solutions in Ukraine and
Saudi Arabia with a total value of approximately 30 MNOK. Deliveries will start
in 2020 and continue in 2021.
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Weigh-in-motion solutions enable vehicle weight monitoring and enforcement
through a highly-effective targeting tool that ensures a significant percentage
of overloaded vehicles are identified. Used in over 50 countries worldwide, Q
-Free’s cost-effective WIM systems are available for both high and low speed
applications.

-Our WIM solutions are in demand these days as customers look to protect their
roads and bridges infrastructure from the significant damage caused by
overloaded vehicles, introducing concepts such as ‘pay by plate and weight’. We
are very happy to be chosen as a preferred supplier and look forward to
successful deployments and further business in both Ukraine and Saudi Arabia,
says Mark Phillips, Managing Director of Q-Free UK.

For further information, please contact:
President & CEO, Håkon Volldal: +47 977 19 973

About Q-Free:

Q-Free ASA (OSE: QFR) is a global innovator in intelligent transportation
systems that improve traffic flow, road safety, and air quality. With an open,
collaborative approach to tolling, traffic and active transportation management,
Q-Free works with customers and partners on every continent to digitize
infrastructure and overcome modern mobility challenges for the greater good of
society.

Headquartered in Trondheim, Norway, Q-Free has annual revenues of approximately
1 billion NOK and employs approximately 400 transportation innovators, experts,
and enthusiasts. To learn more about how Q-Free is changing the movements of
life, visit www.q-free.com or Twitter:@Q-FreeASA.

Kilde

TekBot desember 7, 2020, 7:32am #65

Q-FREE: Extension of tolling SW contract - 30 MNOK

Q-Free has received an extension order for tolling back-office SW services in
Norway. The contract has a value of approximately 30 MNOK depending on
transaction volumes and will ensure continued operation of Q-Free’s system until
…

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the end of 2021.

For further information, please contact:
President & CEO, Håkon Volldal: +47 977 19 973

About Q-Free:

Q-Free ASA (OSE: QFR) is a global innovator in intelligent transportation
systems that improve traffic flow, road safety, and air quality. With an open,
collaborative approach to tolling, traffic and active transportation management,
Q-Free works with customers and partners on every continent to digitize
infrastructure and overcome modern mobility challenges for the greater good of
society.

Headquartered in Trondheim, Norway, Q-Free has annual revenues of approximately
1 billion NOK and employs approximately 400 transportation innovators, experts,
and enthusiasts. To learn more about how Q-Free is changing the movements of
life, visit www.q-free.com or Twitter:@Q-FreeASA.

Kilde

TekBot desember 8, 2020, 8:34am #66

Q-FREE: Tolling frame agreement in Norway - 30 MNOK

Q-Free has won a 4-year frame agreement with Vegfinans, a regional toll road
company in Norway. The frame agreement has an estimated value for Q-Free of
approximately 30 MNOK and comprises delivery of toll stations in the eastern
…

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part of Norway plus service and maintenance for up to 15 years.

-We are very pleased that Vegfinans has chosen Q-Free as one of their suppliers
and decided to emphasize quality and predictability in their tender evaluation,
says Silje Færestrand, VP Norway and DSRC Sales.

For further information, please contact:
President & CEO, Håkon Volldal: +47 977 19 973

About Q-Free:

Q-Free ASA (OSE: QFR) is a global innovator in intelligent transportation
systems that improve traffic flow, road safety, and air quality. With an open,
collaborative approach to tolling, traffic and active transportation management,
Q-Free works with customers and partners on every continent to digitize
infrastructure and overcome modern mobility challenges for the greater good of
society.

Headquartered in Trondheim, Norway, Q-Free has annual revenues of approximately
1 billion NOK and employs approximately 400 transportation innovators, experts,
and enthusiasts. To learn more about how Q-Free is changing the movements of
life, visit www.q-free.com or Twitter:@Q-FreeASA.

Kilde

TekBot desember 8, 2020, 1:52pm #67

Financial calendar

TekBot desember 15, 2020, 7:24am #68

Q-Free ASA – Substantial shareholding disclosure

TekBot desember 15, 2020, 7:28am #69

Q-Free ASA - Disclosure of shareholdings

(Oslo, 15 December 2020) Rieber & Søn AS has today, 15 December 2020, purchased 12,066,917 shares in Q-FREE ASA at a price of NOK 4.70 per share. Following the transaction, Rieber & Søn AS holds 36,632,919 shares in the company, representing 41.06% of the total shares outstanding and voting rights.

As a result of the transaction, Rieber & Søn AS has an obligation to make a bid for the purchase of the remaining shares in Q-FREE ASA under Chapter 6 of the Norwegian Securities Trading Act, and Rieber & Søn AS intends to make such bid within the four-weeks period set out in the Norwegian Securities Trading Act.
…

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Rieber & Søn AS is represented in the board by Trond Valvik, the chairman in Q-FREE ASA, and this notification is provided in accordance with Sections 4-2 and 4-3 in the Norwegian Securities Trading Act.

Kilde

Jeff desember 16, 2020, 9:49am #70

Noen tanker om denne nå som Rieber skal legge inn pliktig bud på alle aksjene i selskapet? Er vel ingen garanti for at det blir noen budpremie…?

TekBot desember 16, 2020, 6:25pm #71

Q-FREE ASA - INFORMATION ABOUT BOND EVENT

Reference is made to the stock exchange notice dated 15 December 2020,
disclosing Rieber & Søn AS’ shareholding of 41,06 % in Q-Free ASA (the
“Company”), and to the attached notice from Nordic Trustee AS dated 16 December
…

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2020 to the holders of bonds in our NOK 80 million subordinated convertible bond
loan, regarding the conversion right and put option triggered under the loan
agreement as a result of Rieber & Søn AS’ share acquisition.

As set out in the notice from Nordic Trustee AS, certain additional rights of
the bondholders will be triggered if a mandatory offer for the shares in the
Company is completed.

For further information, please contact:

Interim CFO, Trond Christensen: +47 481 02 754

President & CEO, Håkon Volldal: +47 977 19 973

About Q-Free:

Q-Free ASA (OSE: QFR) is a global innovator in intelligent transportation
systems that improve traffic flow, road safety, and air quality. With an open,
collaborative approach to tolling, traffic and active transportation management,
Q-Free works with customers and partners on every continent to digitize
infrastructure and overcome modern mobility challenges for the greater good of
society.

Headquartered in Trondheim, Norway, Q-Free has annual revenues of approximately
1 billion NOK and employs approximately 400 transportation innovators, experts,
and enthusiasts. To learn more about how Q-Free is changing the movements of
life, visit www.q-free.com or Twitter:@Q-FreeASA.

Kilde

TekBot desember 30, 2020, 9:03am #72

Q-Free: ALPR contract in the US - 15 MNOK

Conduent Transportation LLC has selected Q-Free to provide New York Toll
Agencies with Q-Free’s Intrada® Insight automated license plate reading and
manual image review application software. Q-Free’s solutions will improve
…

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license plate video toll collection read accuracy and reduce costs. Under the 21
-month initial contract, the system will process up to 200 million video-based
license plate transactions per year with 99.95% accuracy and read automation
rate. The contract has a minimum value of 15 MNOK and a maximum value of 18 MNOK
if two voluntary extension options are exercised by Conduent.

The Q-Free Intrada® Insight automated license plate reading (ALPR) application
delivers predictable 24/7-performance with high accuracy automated machine
vision and integrated human review plate read resulting in low-error rate plate
reading for video toll revenue collection. The system applies advanced network
learning and machine image processing technologies along with innovative manual
image review processes to efficiently automate plate reads - especially complex
U.S. license plates - across any size toll network. The system improves revenue
collection, creates operating cost efficiencies, and reduces errors - in
particular with respect to toll client billing errors

For further information, please contact:
President & CEO, Håkon Volldal: +47 977 19 973

About Q-Free:

Q-Free ASA (OSE: QFR) is a global innovator in intelligent transportation
systems that improve traffic flow, road safety, and air quality. With an open,
collaborative approach to tolling, traffic and active transportation management,
Q-Free works with customers and partners on every continent to digitize
infrastructure and overcome modern mobility challenges for the greater good of
society.

Headquartered in Trondheim, Norway, Q-Free has annual revenues of approximately
1 billion NOK and employs approximately 400 transportation innovators, experts,
and enthusiasts. To learn more about how Q-Free is changing the movements of
life, visit www.q-free.com or Twitter: @Q-FreeASA.

Kilde

TekBot januar 5, 2021, 7:46am #73

Q-Free ASA - Conversion of convertible bonds

(Oslo, 5 January 2021) Reference is made to the 80 million unsecured
subordinated convertible bonds due 19 May 2023 issued by Q-Free ASA (the
“Company”).
…

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Rieber & Søn AS, the Company’s largest shareholder, has today exercised
conversion right for convertible bonds in the aggregate principal amount of NOK
49,500,000 million, which pursuant to standard terms set out in the bond terms
are convertible into 13,625,478 new shares in the Company at a conversion price
of NOK 3.6329 per share.

Following the conversion Rieber & Søn AS will own 50,258,397 shares in the
Company, representing 48,87 % of the total shares outstanding and voting rights.
Rieber & Søn AS do not have any remaining holding in the convertible bond
following the conversion.

Rieber & Søn AS is represented on the Q-Free Board of Directors by Trond Valvik.

Kilde

TekBot januar 6, 2021, 7:46am #74

Q-Free: Conversion of convertible bonds

Reference is made to the stock exchange notice published 5 January 2021
regarding Rieber & Søn AS’ conversion of its portion of Q-Free ASA’s NOK 80
million unsecured subordinated convertible bond loan (the "Convertible Bond
…

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Loan"), for an aggregate principal amount of NOK 49,500,000.

Q-Free ASA has now received conversion notices from the paying and conversion
agent for the Convertible Bond Loan for bonds representing an additional amount
of NOK 2,500,000. The aggregated received conversion notices representing NOK
52,000,000 of the Convertible Bond Loan will be converted into 14,313,633 new
shares at the conversion price of NOK 3.6329.

The new shares will be issued following registration in the Norwegian Business
Register of the share capital increase pertaining to the conversion of bonds.
According to the terms of the Convertible Bond Loan, the new shares shall be
issued no later than on the 11th business day following the date of receipt of
the conversion notice. The new shares will be issued on a separate ISIN until a
listing prospectus for the new shares has been approved by the Norwegian
Financial Supervisory Authority.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Interim CFO, Trond Christensen: +47 481 02 754

President & CEO, Håkon Volldal: +47 977 19 973

About Q-Free:

Q-Free ASA (OSE: QFR) is a global innovator in intelligent transportation
systems that improve traffic flow, road safety, and air quality. With an open,
collaborative approach to tolling, traffic and active transportation management,
Q-Free works with customers and partners on every continent to digitize
infrastructure and overcome modern mobility challenges for the greater good of
society.

Headquartered in Trondheim, Norway, Q-Free has annual revenues of approximately
1 billion NOK and employs approximately 400 transportation innovators, experts,
and enthusiasts. To learn more about how Q-Free is changing the movements of
life, visit www.q-free.com or Twitter:@Q-FreeASA.

Kilde

TekBot januar 7, 2021, 7:47am #75

Q-Free: Conversion of convertible bonds

Reference is made to the stock exchange notices published 5 and 6 January 2021
regarding conversion of Q-Free ASA’s NOK 80 million unsecured subordinated
convertible bond loan (the “Convertible Bond Loan”), for an aggregate principal
…

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amount of NOK 52,000,000.

Q-Free ASA has now received additional conversion notices from the paying and
conversion agent for the Convertible Bond Loan for bonds representing an
additional amount of NOK 15,000,000. The aggregated received conversion notices
representing NOK 67,000,000 of the Convertible Bond Loan will be converted into
18,442,566 new shares at the conversion price of NOK 3.6329.

The new shares will be issued following registration in the Norwegian Business
Register of the share capital increase pertaining to the conversion of bonds.
According to the terms of the Convertible Bond Loan, the new shares shall be
issued no later than on the 11th business day following the date of receipt of
the conversion notice. The new shares will be issued on a separate ISIN until a
listing prospectus for the new shares has been approved by the Norwegian
Financial Supervisory Authority.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Interim CFO, Trond Christensen: +47 481 02 754

President & CEO, Håkon Volldal: +47 977 19 973

About Q-Free:

Q-Free ASA (OSE: QFR) is a global innovator in intelligent transportation
systems that improve traffic flow, road safety, and air quality. With an open,
collaborative approach to tolling, traffic and active transportation management,
Q-Free works with customers and partners on every continent to digitize
infrastructure and overcome modern mobility challenges for the greater good of
society.

Headquartered in Trondheim, Norway, Q-Free has annual revenues of approximately
1 billion NOK and employs approximately 400 transportation innovators, experts,
and enthusiasts. To learn more about how Q-Free is changing the movements of
life, visit www.q-free.com or Twitter:@Q-FreeASA.

Kilde

TekBot januar 8, 2021, 1:08pm #76

Flag notification - Q-Free ASA

Mr.Bee januar 11, 2021, 12:52pm #77

Rieber må vel komme med pliktig bud i løpet av morgendagen på 4,7. Det er vel lite sannsynlig at noen aksepterer dette budet ettersom de fleste større har snitt et stykke over dette. Spørsmålet er hvordan dette vil påvirke kursen.

Er det i det hele tatt sannsynlig at Rieber vil by over 4,7? Ønsker de å kjøpe hele selskapet er vel ikke det helt usannsynlig, da jeg vil tro en får en lavere pris nå sammenlignet med at flertallet sier nei til 4,7 og kursen går videre, før en så legger inn et nytt bud.

TekBot januar 12, 2021, 8:38am #78

Q-Free: Share capital increase registered

Reference is made to stock exchange releases 5 January 2021, 6 January 2021 and
7 January 2021 related to conversion notices for the subordinated Convertible
Bond Loan issued by Q-Free ASA 18 May 2020.
…

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The share capital increase has now been registered in the Norwegian Register of
Business Enterprises.

Q-Free ASA’s new share capital is NOK 40,913,083.80 divided into 107,666,010
shares with a par value of NOK 0.38 per share. Each share gives one vote at the
Company’s general meeting.

The new shares will be issued on a separate ISIN until a listing prospectus for
the new shares has been approved by the Norwegian Financial Supervisory
Authority and published by the Company.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Interim CFO, Trond Christensen: +47 481 02 754
President & CEO, Håkon Volldal: +47 977 19 973

About Q-Free:

Q-Free ASA (OSE: QFR) is a global innovator in intelligent transportation
systems that improve traffic flow, road safety, and air quality. With an open,
collaborative approach to tolling, traffic and active transportation management,
Q-Free works with customers and partners on every continent to digitize
infrastructure and overcome modern mobility challenges for the greater good of
society. Headquartered in Trondheim, Norway, Q-Free has annual revenues of
approximately 1 billion NOK and employs approximately 400 transportation
innovators, experts, and enthusiasts. To learn more about how Q-Free is changing
the movements of life, visit www.q-free.com or Twitter:@Q-FreeASA.

Kilde

TekBot januar 13, 2021, 7:45am #79

Q-Free: Conversion of convertible bonds

Reference is made to the stock exchange notice 12 January 2021 regarding
issuance and registration of new shares following conversion of Q-Free ASA’s NOK
80 million unsecured subordinated convertible bond loan (the "Convertible Bond
…

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Loan"), for an aggregate principal amount of NOK 67,000,000.

Q-Free ASA has now received additional conversion notices from the paying and
conversion agent for the Convertible Bond Loan for bonds representing an
additional amount of NOK 2,000,000 This will be converted into 550,524 new
shares at the conversion price of NOK 3.6329. The aggregated received conversion
notices are thus representing NOK 69,000,000 of the Convertible Bond Loan.

The new shares will be issued following registration in the Norwegian Business
Register of the share capital increase pertaining to the conversion of bonds.
According to the terms of the Convertible Bond Loan, the new shares shall be
issued no later than on the 11th business day following the date of receipt of
the conversion notice. The new shares will be issued on a separate ISIN until a
listing prospectus for the new shares has been approved by the Norwegian
Financial Supervisory Authority.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

For further information, please contact:

Interim CFO, Trond Christensen: +47 481 02 754

President & CEO, Håkon Volldal: +47 977 19 973

About Q-Free:

Q-Free ASA (OSE: QFR) is a global innovator in intelligent transportation
systems that improve traffic flow, road safety, and air quality. With an open,
collaborative approach to tolling, traffic and active transportation management,
Q-Free works with customers and partners on every continent to digitize
infrastructure and overcome modern mobility challenges for the greater good of
society.

Headquartered in Trondheim, Norway, Q-Free has annual revenues of approximately
1 billion NOK and employs approximately 400 transportation innovators, experts,
and enthusiasts. To learn more about how Q-Free is changing the movements of
life, visit www.q-free.com or Twitter:@Q-FreeASA.

Kilde

TekBot januar 14, 2021, 1:39pm #80

Mandatory offer – offer document approved

TekBot januar 14, 2021, 1:51pm #81

Q-Free: Launch of mandatory offer to acquire all shares in Q-Free ASA

The Offer is not being made, and this press release may not be distributed,
directly or indirectly, in or into, nor will any tender of shares be accepted
from or on behalf of holders in, any jurisdiction in which the making of the
…

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Offer, the distribution of this stock exchange announcement or the acceptance of
any tender of shares would contravene applicable laws or regulations.

(Oslo, 14 January 2021): Reference is made to the stock exchange announcement
published by Rieber & Søn AS (“Rieber & Søn”) on 15 December 2020 where Rieber &
Søn announced that it had acquired shares in Q-Free ASA (the “Company”)
resulting in an aggregate holding of 41.06% of the shares and votes in the
Company, and thereby triggering an obligation to make a mandatory offer for the
remaining shares in the Company pursuant to Chapter 6 of the Norwegian
Securities Trading Act (the “Offer”). As of the date hereof, Rieber & Søn owns
50,258,397 shares, representing 46.68% of the share capital and votes in the
Company.

The terms and conditions of the Offer are set out in an offer document prepared
by Rieber & Søn dated 14 January 2021 (the “Offer Document”). The Oslo Stock
Exchange has in its capacity as take-over authority of Norway, pursuant to
Section 6-14 of the Norwegian Securities Trading Act, reviewed and on 14 January
2021 approved the Offer Document.

The key terms of the Offer are:

· Offer Price: NOK 4,70 per share

· Acceptance Period: From and including 15 January 2021 to and including 12
February 2021 at 16:30 (CET). The offer period may be extended by up to two
weeks.

· Settlement: In NOK within two weeks after the expiry of the Acceptance
Period

· Receiving Agent: DNB Bank ASA, e-mail: [email protected]

The Offer may only be accepted on the basis of the Offer Document. Subject to
regulatory restrictions in certain jurisdictions, the Offer Document will be
sent to the Company’s shareholders as registered in the VPS as of the date of
the Offer Document. The Offer Document will, subject to regulatory restrictions
in certain jurisdictions, also be available on Rieber & Søn’s homepage:
www.rieberson.no/en/news

For further information please contact:

Rieber & Søn, Øystein Elgan, +47 901 08 833

Kilde