Kitron: Event marks expanded capabilities in the US

Kitron: Event marks expanded capabilities in the US

ID: 562713

(Thomson Reuters ONE) -


(2017-10-06) Kitron today will host an event at its site in Johnstown,
Pennsylvania, to celebrate investments in expanded capabilities and the next
phase of Kitron's US presence.

The event will be attended by customers, suppliers, business partners and press.

"Seven years after Kitron opened the doors to the Johnstown site, we host this
event to announce that we are ready for the next phase," said Jason Galiote,
Operations Manager of Kitron US.

Kitron has now invested in a Surface Mount Technology (SMT) line in Johnstown.
This site has now all the capabilities locally to offer a complete solution to
customers, spanning from PCBA, box-build to high-level assembly.

"Kitron has during the last year expanded its scope of services within sourcing
and procurement, warehousing and distribution and engineering services within
testing and prototyping in Johnstown. The latest investment in the SMT line will
not only enable us to become a fully integrated supply partner for our
customers, but will as well increase our competitiveness as a US contract
manufacturer", continues Galiote.

"Kitron established the Johnstown site primarily to provide the Defence market
sector with high-level assembly, repair and overhaul services and functional
testing for electronic box build assemblies. The new investments, which will add
value to our current local customers, will also make us competitive for new
global customers. We will continue to grow the Defence sector, but now we also
have an opportunity to expand to other sectors, for instance Industry and
Medical devices. We already have new contracts outside the Defence sector, and
we are in ongoing discussions to expand our customer base further," said Peter
Nilsson, President and CEO of Kitron Group.

In order to handle the increased business, Kitron will hire additional staff in




Johnstown.

For further information, please contact:
Jason Galiote, Operations Manager, Kitron US, tel.: +1 (814) 691 7784
E-mail: investorrelations(at)kitron.com

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 2.1 billion in 2016 and has about 1.350 employees. www.kitron.com





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: 06.10.2017 - 09:50 Uhr
Sprache: Deutsch
News-ID 562713
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