Kongsberg Automotive

Kongsberg Automotive is awarded contract worth EUR 30 million

Kongsberg Automotive's (KA) Flow Control Systems business unit (FCS) has been

awarded a contract worth EUR 30 million in estimated lifetime revenue for a

variety of PTFE (https://www.kahose.com/en/about-ptfe/) lined hoses.

KA is the exclusive supplier of PTFE line hose for a major North American

industrial supplier in the semiconductor market. KA's product will be

incorporated into industrial processing industries, including semiconductors,

chemical processing, and other fluid transfer systems.

"We are pleased to report that this big win for FCS is of great strategic

importance for KA. The customer utilizes a broad range of our industrial hose

range with several unique products only manufactured by KA. The contract

solidifies an already strong partnership in a key market segment for FCS ," says

David Redfearn, KA's Chief Sales Officer

The five-year contract runs through 2028. KA's Suffield plant Connecticut is the

main facility for production, with KA's Grand River, Michigan and KA's

Normanton, UK plants supporting.

Investor and media relations:

Mads Langaard

+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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