Kitron - Regulatory Filings 2014 | FinancialReports.eu

Kitron strengthens cooperation with AIDON OY

(2014-11-07) Kitron ASA's subsidiary Kitron UAB, in Kaunas, Lithuania, has

received orders for Aidon RF communication modules for projects in the growing

Norwegian market. The orders have a value for Kitron of NOK 41 million, and will

be fulfilled during the next three years. Production will take place at Kitron's

plant in Kaunas, Lithuania.

Aidon's open-architecture based smart metering systems and new generation Energy

Service Devices today serve more than one million metering points.

"It is a valuable opportunity to enlarge our business with a longtime partner,

which becomes a preferred supplier for energy utilities and service providers in

the Nordic countries. We are looking forward to starting production towards the

beginning of the next year," said Mindaugas Sestokas, Managing Director of

Kitron UAB.

For further information please contact:

Mindaugas Sestokas, Managing Director, Kitron UAB, tel. +370 37 400 174 or e-

Dag Songedal, interim CEO, tel. +47 91 38 64 68 or e-mail

Kitron is one of Scandinavia's leading electronics manufacturing services

companies for the Defense, Energy/Telecoms, Industry, Medical equipment and

Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania,

Germany, China and the United States. Kitron had revenues of about NOK 1.6

billion in 2013 and has about 1,200 employees. www.kitron.com

AIDON OY Aidon is a growing European provider of smart energy metering devices

and solutions and smart grid applications. Our customer-driven, forward-thinking

way to act has made us a preferred supplier for energy companies and a valued

partner for service providers.www.aidon.com

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1869694]

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