Kongsberg Automotive

Kongsberg Automotive wins contract worth EUR 20 million estimated lifetime revenue

Kongsberg Automotive's Fluid Transfer Systems (FTS) is pleased to announce the

renewal of its relationship with one of the world's leading suppliers of fuel

transfer systems.

FTS has won incremental business and secured an extension contract estimated

annualized revenue of EUR 4 million, and estimated lifetime revenue worth EUR 20

million for the company's world-leading high-temperature fuel line: Fluoro

-comp®.

Fluoro-comp® uses innovative, state-of-the-art construction to offer unrivaled

thermal insulation to ensure safety and security.

"This is great news for our North American hose business and represents the

confidence that our partners place in our product and plant performance," says

David Redfearn, Executive Vice President of Fluid Transfer Systems.

The under-hood flexible fuel hose Fluoro-comp® will be delivered to various

North American SUVs and Passenger Car vehicles from the FTS facility in Grand

River, Ohio. Production is slated to start from September 2021 and will run for

a minimum of four years.

Media contact

Therese Sjoborg Skurdal

+47 982 14 059

Investors/analyst contact

Jakob Bronebakk

+47 906 39 637

About Kongsberg Automotive ASA

Kongsberg Automotive provides world-class products to the global vehicle

industry. Our products enhance the driving experience, making it safer, more

comfortable, and sustainable. With approximately 11,000 employees in 19

countries, Kongsberg Automotive is truly a global supplier. The company has more

than 27 production facilities worldwide. The product portfolio includes seat

comfort systems, driver and motion control systems, fluid assemblies, and

industrial driver interface products developed for global vehicle manufacturers.

Find more information at www.kongsbergautomotive.com.

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