Kongsberg Automotive

Kongsberg Automotive wins contract extension worth EUR 38 million in estimated lifetime revenue

Kongsberg, June 14, 2024: Kongsberg Automotive (KA) has won a contract extension

worth EUR 38 million in estimated lifetime revenue.

This eight-year contract renewal was awarded by a global power technology

manufacturer for several technical hose assemblies used with

coolant (https://www.kongsbergautomotive.com/products-services/on

-highway/chassis/fluid-transfer-assemblies/oil-coolant-line/),

fuel (https://www.kongsbergautomotive.com/products-services/on

-highway/chassis/fluid-transfer-assemblies/fuel-line/), and oil

transfer (https://www.kongsbergautomotive.com/products-services/on

-highway/chassis/fluid-transfer-assemblies/oil-actuation-line/) applications.

KA's Ramos Arizpe (Mexico), Suffield and Grand River (USA) plants will

manufacture and supply the product.

"We are delighted to announce this contract renewal with one of the world's

largest providers of traditional and clean fuel engines and thank them for the

trust they place in us," says David Redfearn, KA's Chief Sales Officer, "This

award is important for KA not only for our involvement in alternative fuel

technologies, but it ensures our growth ambitions in our new Ramos facility

continue to be met."

Media and communications contact:

Therese Sjöborg Skurdal - Director Corporate Communications

+47 982 14 059

Investor Relations contact:

Mads Langaard - Head of Investor Relations

+47 905 81 264

About Kongsberg Automotive ASA

Kongsberg Automotive provides cutting-edge technology to the global vehicle

industry. We drive the global transition to sustainable mobility by putting

engineering, sustainability, and innovation into practice. Our product portfolio

includes driver and motion control systems, fluid assemblies, and industrial

driver interface products. Find more information

at:?kongsbergautomotive.com (https://www.kongsbergautomotive.com/)

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