Kongsberg Automotive

Regulatory Filings • May 16, 2024

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 therese.skurdal@ka-group.com +47 982 14 059

Investor Relations contact: Mads Langaard – Head of Investor Relations mads.langaard@ka-group.com +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