Kitron - Regulatory Filings 2015 | FinancialReports.eu

Kitron receives order from Kongsberg

(2015-09-24) Kitron has, through its subsidiary Kitron AS in Arendal, Norway,

received an order from Kongsberg Defence & Aerospace AS for military

communications equipment.

Some of the equipment to be supplied will be part of an upgrade of the NASAMS

air defence system for the Norwegian Armed Forces.

Kitron will supply various communications products, and production will take

place at Kitron's factory in Arendal. The contract has a value of NOK 56 million

for Kitron, and deliveries will take place in 2016.

Stig-Are Mogstad, executive vice president of Kongsberg Defence Systems, said:

"At KONGSBERG we are very happy to place yet another major order for the

production of tactical communications equipment with Kitron. Some of the

products to be supplied will be part of a project for the Norwegian Armed Forces

to upgrade the NASAMS air defence system with a new IP-based communications

solution. KONGSBERG's IP-based communications solutions have already established

an international reputation, and this will boost NASAMS technologically and

ensure flexibility and interoperability. KONGSBERG depends on Norwegian

suppliers, and Kitron is a key partner for us. Kitron is a significant

contributor to our world-class products through its expertise in test

development, manufacturing and assembly."

For further information please contact:

Peter Nilsson, CEO of Kitron ASA, tel. +47 94 84 08 50 or e-mail

Hans Petter Thomassen, Managing Director of Kitron AS, tel. +47 91 39 23 60 or

Kitron is one of Scandinavia's leading electronics manufacturing services

companies for the Defence/Aerospace, 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 1.75 billion in 2014 and has about 1 200 employees. www.kitron.com

This information is subject of the disclosure requirements acc. to §5-12 vphl

(Norwegian Securities Trading Act).

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