Kitron - Regulatory Filings 2016 | FinancialReports.eu

Official opening of Kitron's facility at Kilsund

(2016-06-15) Kitron ASA today celebrates the official opening of its upgraded

facility at Kilsund in Arendal, Norway, with an event attended by customers,

business partners, representatives of the local community and employees.

Over the past months, Kitron's operation in Arendal has been moved from a leased

facility at Hisøy to the Kilsund plant, which is owned by Kitron.

"This move means we are returning to our roots. Kilsund was the birthplace of

Kitron in the 1960s, and this was our main production facility until 2005," said

Hans Petter Thomassen, Managing Director of Kitron Norway.

Kitron has invested close to NOK 50 million in upgrading the facility and

equipment at Kilsund.

"This brand new facility is state-of-the art when it comes to technology and

work environment. It is a strong commitment to the local community, but foremost

it will strengthen our competitiveness from Norway. An optimized facility will

enable us to improve efficiency and ensure that the Arendal operation remains a

key part of the increasingly international Kitron group, not least within the

Defence and Aerospace market sector," Mr. Thomassen added.

For further information, please contact:

Hans Petter Thomassen, Managing Director of Kitron Norway, Tel.: +47 913 92 360

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

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

(Norwegian Securities Trading Act).

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