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Kongsberg Automotive

Regulatory Filings Nov 23, 2023

3648_rns_2023-11-23_8b38536e-35ba-4de0-96cf-0ba5109dff76.html

Regulatory Filings

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Kongsberg Automotive wins a contract worth over EUR 32 million in estimated lifetime revenue

Kongsberg Automotive wins a contract worth over EUR 32 million in estimated lifetime revenue

Zurich, November 23, 2023: Kongsberg Automotive (KA)'s Powertrain & Chassis

business segment was awarded a contract for D600 clutch

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

-highway/cabin/clutch-actuation-systems/clutch-servo/) designed by KA for used

in commercial vehicles.

Extensive power is required to activate the clutch in commercial vehicles with

manual transmissions. A clutch servo allows drivers to operate the clutch with

minimal effort. KA's clutch servo proportionally amplifies the pedal force with

the help of air.

Developed by KA's global team of engineers, the clutch servo is suitable for

various transmissions and installations. It provides complete aluminum housing,

is lighter in weight and has better performance. The modular design incorporates

an additional pneumatic valve for various safety features along with a position

sensor that is customized according to need. It has an optimized service ability

and high durability.

KA's Morse Shanghai facility will produce and supply this product to one of the

top three commercial vehicles manufacturer in China. The contract starts in 2025

and will last for seven years.

"KA's D600 clutch servo is the perfect synergy of innovation and efficiency that

is offered in our product line to our customers," says David Redfearn, Chief

Sales Officer, adding, "KA's has developed great customer intimacy, and we will

continue to develop, align, and embed our clutch technology in vehicles for our

key customer in the Chinese market."

Investor Relations contact:

Mads Langaard - Head of Investor Relations

[email protected]

+47 905 81 264

Media and communications contact:

Therese Sjöborg Skurdal - Director Corporate Communications

[email protected]

+47 982 14 059

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

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