Regulatory Filings • Oct 31, 2023
Regulatory Filings
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Kongsberg Automotive to acquire innovative patents for camera cleaners developed in Norway
Zurich, October 31, 2023: Kongsberg Automotive (KA) and Romoline have entered
into a definitive agreement to purchase patents related to camera washing
technology intended for vehicles. This is KA's second investment in technology
that will be used in vehicles that are on the road today, as well as in
autonomous vehicles.
Based in Oppdal, Norway, Romoline is a company focused on research and
technology development.
According to the agreement, the parties have decided on a license fee based on
KA`s gross profit on the product. KA will share portions of its gross profits
with Romoline. Meanwhile, Romoline will continue its partnership with KA,
providing services to facilitate the technology's commercialization and further
development.
Developed in Norway, Romoline's technology is a modern camera cleaning
technology. Unlike traditional nozzle cleaners, this technology uses less fluid
and sprays away from the camera lens leading to optimal cleaning. The product's
intention is to improve functionality, quality, environmental impact, customer
satisfaction, and cost of use. Developing the product into complete systems and
sensor cleaning solutions are potential next steps for KA to expand in this
product area.
"This agreement with Romoline enables KA to expand our product portfolio into a
unique technology, which not only is in use in vehicles on the roads today but
will be of paramount importance in autonomous vehicles where cleanliness of
cameras and sensors are crucial for functionality and safety," says Linda
Nyquist-Evenrud interim President & CEO of KA, adding, "KA is proud to partner
with Romoline and would like to acknowledge the innovation and development that
the company has put in this technology."
"Romoline eagerly anticipates collaborating with KA to craft innovative
solutions that enhance the safety for drivers worldwide", say Rolf Monrad and
Øyvind Pedersen, the founders of Romoline.
Based on KA's assessment of the technology and feedback from global vehicle
manufacturers, the technology will be ready for series production within two
-three years.
Media and Communications contact:
Therese Sjöborg Skurdal - Director Corporate Communications
[email protected] ([email protected] )
+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 (http://www.kongsbergautomotive.com)
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