Lease agreement for new factory in China

(2010-01-06) Following the board decision announced November 9 2009 to establish

a manufacturing unit in China Kitron ASA has now entered into a lease agreement

with Nordic Industrial Park Co., Ltd. for a new electronic factory in Ningbo,

China. The contract is for 5 years and cover more than 4000 square meter of

space.

?The factory is planned to be up and running with the most simplified products

late third quarter and come as a consequence of meeting our global customers

demand,? says Jørgen Bredesen, CEO of Kitron ASA.

For further information please contact:

Jørgen Bredesen, CEO of Kitron ASA, phone: (+47) 4825 2584, or

Kitron is Scandinavia?s leading company in development, industrialisation and

manufacturing of electronics for the Data/Telecom, Defence/Offshore, Medical

equipment and Industry sectors. The company is located in Norway, Sweden,

Lithuania and China. Kitron had a revenue of about NOK 2.3 billion in 2008 and

has about 1,100 employees.www.kitron.com

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