Q-Free has been awarded a new frame agreement for delivery of tolling tags from Centro Gestao Meios de Pagto (CGMP), Brazil's Centro tag distributor, valued at US$12, with a guaranteed volume of just over $4 million.
This new frame agreement is the second that Q-Free has received from CGMP for tags and roadside equipment. In October 2010, the company won a US$34.25 million agreement and last December, Q-Free announced a call of $8.68 million from that original frame agreement. At the time, Q-Free revealed it had supplied over four million toll tags to the Brazilian market.
