Kongsberg Automotive

Kongsberg Automotive wins a new contract worth over EUR 13 million in estimated lifetime revenue

Kongsberg, May 16, 2024: Kongsberg Automotive (KA) has secured a new contract

worth over EUR 13 million in estimated lifetime revenue for battery coolant

pipes.

The contract, awarded by a global Original Equipment Manufacturer (OEM) is for

coolant pipes connected to a new generation of battery packs used in trucks. The

manifold distributes coolant within the battery clusters in the truck's battery

cells and has a unique IP67 connection (water and dust tightness standard) to

the truck's chassis cooling system.

For this three-year contract, KA will start production in 2025 and will include

KA Epila, Spain for extrusion and KA Brzesc Kujawski, Poland for assembly.

"We are delighted to have been awarded this important contract with one of our

largest global customers for their electric truck platform," says David

Redfearn, KA's Chief Sales Officer, adding, "We set out to ensure we could offer

a high-quality competitive coolant solution for powertrains of the future, and

this is another step towards our goal of being the first-choice supplier for

global truck manufacturers."

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/)

AI Terminal