Kitron - Regulatory Filings 2019 | FinancialReports.eu

Kitron signs contract with Efore Group

(2019-04-03) Efore Group, headquartered in Espoo, Finland, has selected Kitron

ASA as manufacturing partner for some of its EMS production. The contract forms

the basis for a long-term partnership and has a potential value of approximately

NOK 25 million in the first year of full production.

The scope of the contract includes electronic board build and high-level

assembly. Production will take place at Kitron's factory in Lithuania.

"With its competence and capabilities within EMS services, we consider Kitron as

very valuable strategic partner supporting some of our EMEA manufacturing going

forward," said Ruben Tomassoni, VP Operation of Efore.

Efore is an international company which designs and manufactures custom and

standard DC power systems and AC/DC power supplies for a wide range of demanding

industry applications including telecom, industrial, medical, lighting, utility

and military.

"Kitron aims to do business with the major players within our defined market

sectors. Efore is a leading company within industrial technology for power

conversion systems and we see several opportunities between our two companies

beyond the contract we have just signed," said Israel Losada Salvador, COO and

Sales Director of Kitron.

For further information, please contact:

Cathrin Nylander, CFO and acting CEO, tel: +47 900 43 284

Israel Losada Salvador, COO and Sales Director, tel. +47 991 59 138

Kitron is one of Scandinavia's leading electronics manufacturing services

companies for the Defence/Aerospace, 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 2.6 billion in 2018 and has about 1,700 employees. www.kitron.com

This information is subject to the disclosure requirements pursuant to section

5 -12 of the Norwegian Securities Trading Act.

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