Kitron - Regulatory Filings 2021 | FinancialReports.eu

Kitron wins contract for battery management systems

(2021-02-17) Kitron expands services with a major existing customer to cover

production of battery management systems. The new award initially covers 2022 to

2025 and is valued at NOK 150 million.

Production will take place at Kitron's plant in Poland. The award also covers

various services.

"We're extremely happy to expand this relationship with a new product line.

Battery management systems are examples of the growth potential within the

fundamental shift from fossil fuels to electrification. This is an area of

strategic importance to Kitron and currently helping to fuel the strong growth

we see within Electrification," says Peter Nilsson, President and CEO, Kitron

Group.

For further information, please contact:

Peter Nilsson, President & CEO, tel. +47 948 40 850

Kitron is a leading Scandinavian electronics manufacturing services company for

the Defence/Aerospace, Energy/Telecoms, Industry, Medical devices and

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

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

4.0 billion in 2020 and has about 1 800 employees. www.kitron.com

(http://www.kitron.com)

This information is published in accordance with the requirements of the Oslo

Børs Continuing Obligations for stock exchange listed companies.

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