Kitron - Regulatory Filings 2014 | FinancialReports.eu

Kitron receives order in the US

(2014-08-07) Kitron ASA has, through its subsidiary Kitron INC in Johnstown,

Pennsylvania, received orders from Kongsberg Protech Systems related to

electronic modules that are part of Kongsberg Protech's Remote Weapon Station.

The orders are connected to the CROWS program in the United States.

Kitron has over the last 8 weeks received orders totalling NOK 31 million. Out

of these, orders of approximately NOK 18 million were received by 30 June. The

products will be shipped from the fall of 2014 until mid 2016. Forecasts have

also been received for upgrades and repairs of units that have already been

delivered for the CROWS program. These forecasts indicate a volume in this area

of approximately NOK 125 million over the next 36 months.

The orders are in connection with the agreement announced in a stock exchange

notice in August 2012.

"For Kitron's business in the United States, these orders are important and

ensure predictability for a substantial period," said Dag Songedal, interim CEO

of Kitron.

For further information please contact:

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 Defence, 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

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1847154]

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