Kitron - Regulatory Filings 2014 | FinancialReports.eu

Kitron sign a new two years frame agreement with Sensys Traffic

(2014-02-11) Kitron ASA's subsidiary Kitron AB in Jönköping Sweden, has signed a

new two years frame agreement for manufacturing of automatic speed surveillance

and traffic light systems for Sensys Traffic AB. The agreement is estimated to a

value of 10-30 Million SEK during 2014-2015, with options of prolonging.

Sensys Traffic, the leading provider of road safety system solutions Sensys

Traffic AB develops, markets and delivers various products for traffic safety

and traffic informatics. The products are primarily used for speed and red-light

enforcement.

"The proximity to the supplier together with the efficiency and flexibility that

Kitron show in all processes, this together with the close relationship we have

established during years of cooperation has been important for us when signing

the agreement", says Johan Frilund, CEO of Sensys Traffic AB.

"Our cooperation over the years with Sensys has been fruitful and we are very

proud to sign this new agreement. This shows our competitiveness at our site in

Jönköping and that our work with focus on LEAN manufacturing gives results."

says Thomas Löfgren, Managing Director of Kitron AB.

For further information please contact:

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

Thomas Löfgren, Managing Director, Kitron AB, tel. +46 70 889 53 26 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 1.7

billion in 2012 and has about 1,200 employees. www.kitron.com

Sensys Traffic AB develops and markets various systems for traffic informatics

and traffic safety. The products are primarily used for speed and red-light

enforcement. www.sensys.se

This information is subject of the disclosure requirements pursuant to section

5-12 of the Norwegian Securities Trading Act.

[HUG#1760738]

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