Kitron - Regulatory Filings 2016 | FinancialReports.eu

Kitron strengthens cooperation with Aidon OY

(2016-09-23) Kitron has received orders for Aidon RF communication modules with

a value for Kitron of more than NOK 100 million. The orders will be fulfilled

during the next three years and increases the current business scope with Aidon.

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 1.5 million metering points.

"This is a valuable opportunity to expand our business with a longtime partner,

which is becoming 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 Lithuania.

For further information, please contact:

Mindaugas Sestokas, Managing Director, Kitron Lithuania, tel. +370 37 400 174

Peter Nilsson, CEO of Kitron ASA, tel. +47 948 40 850

Kitron is one of Scandinavia's leading electronics manufacturing services

companies for the Defence, Energy/Telecoms, Industry, Medical devices and

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

Germany, China and the United States. Kitron had revenues of about NOK 1.95

billion in 2015 and has about 1 250 employees. www.kitron.com

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

solutions and smart grid applications. The company's customer-driven, forward-

thinking approach has made it 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.

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