Kongsberg Automotive

Kongsberg Automotive wins a contract extension worth EUR 58 million in estimated lifetime revenue

Kongsberg, March 31, 2024: Kongsberg Automotive (KA) has secured an extension of

the air brake fittings (KA Raufoss ABCT

System (https://www.kongsbergautomotive.com/products-services/raufoss

-couplings/)) contract worth over EUR 58 million in estimated lifetime revenue.

The four-and-a-half-year contract, which starts in April 2025, is for the KA

Raufoss ABCT System. The lightweight, durable, and eco-friendly system from KA

offers optimized safety, quick assembly, and global compatibility, designed to

protect the brake system while reducing costs and environmental impact.

The extension was awarded by a leading manufacturer of trucks and buses for

heavy transport applications. KA's Raufoss plant in Norway will produce and

supply the product.

"We are delighted to continue our partnership with this important global

customer. It highlights the faith our partners have in our people and products,"

says David Redfearn, KA's Chief Sales Officer, adding, "The KA Raufoss ABCT

System allows our customers to design their brake system most efficiently,

reducing part numbers and total weight while ensuring the class leading

performance benefits that our products provide."

Media and communications contact:

Therese Sjöborg Skurdal - Director Group Marketing and Communications

+47 982 14 059

Investor Relations contact:

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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