Rovsing

Regulatory Filings • Dec 15, 2016

15 December 2016 Announcement no. 248

Rovsing A/S signs two contracts for the MetOp-SG and Sentinel-1C/D satellite programmes.

Rovsing is pleased to announce the signature of a contract with Airbus Defence and Space for the MetOp-SG programme. Rovsing will provide Independent Software Verification and Validation (ISVV) for Contractor Provided Instruments(CPI)software and Platform software. etamax space GmbH of Braunschweig, Germany, will be the subcontractor of Rovsing for these projects. The contracts will further strengthen Rovsings engineering service position in ESA programmes. The total value of the contract is 7 Mio. DKK / 941.2 kEUR.

Under a second contract signed recently with Thales-Alenia Space Italy, Rovsing A/S is tasked with the refurbishment of the Sentinel-1 Power Special Checkout Equipment (SCOE). Rovsing had developed this SCOE that consists of six 19" racks in 2010/11. After intensive use over the past 6 years at TAS-I's premises in Rome, the complex testing and simulation system returns to Rovsing's premises in Skovlunde for a thorough check, replacement of worn out items, software update, and recalibration in order to be used further in the Sentinel-1 C/D programme. This contract has a minimum value of 1.94 Mio. DKK / 260.8 kEUR and will be amended in accordance to the amount of refurbishment actually required.

For further information

Cristian Bank, CEO; e-mail cbk@rovsing.dk or Peter Rützou-Hjelmkrone; CFO; e-mail prh@rovsing.dk