Kitron receives communications order from Kongsberg

Kitron receives communications order from Kongsberg

ID: 542120

(Thomson Reuters ONE) -


(2017-05-12) Kitron has received a NOK 34 million order from Kongsberg Defence
Systems for military communications equipment.

The equipment to be supplied is related to an existing contract for deliveries
to Hungary.

Kitron will supply various communications products, and production will be done
by Kitron in Arendal. Deliveries will take place in 2018.

Frank Stølan, Executive Vice President of Kongsberg Defence Systems, said:
"We are very satisfied once again to be able to award a major order with Kitron.
The last twelve months we have placed orders totalling 177 MNOK with Kitron for
world-class tactical communications equipment. We are a very determined company
with dedicated people and prove again that we are a reliable partner able to
compete in a very tough international market."

For further information, please contact:
Peter Nilsson, CEO of Kitron ASA, tel. +47 948 40 850
Hans Petter Thomassen, Managing Director of Kitron Norway, tel.
+47 913 92 360
E-mail: investorrelations(at)kitron.com

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 2.1
billion in 2016 and has about 1 350 employees. www.kitron.com

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Kitron ASA via GlobeNewswire








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Bereitgestellt von Benutzer: hugin
Datum: 12.05.2017 - 10:49 Uhr
Sprache: Deutsch
News-ID 542120
Anzahl Zeichen: 2087

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