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Kitron: Agreement related to manufacturing of offshore equipment


October 27, 2011 - London

(2011-10-27) Kitron AS, a subsidiary of Kitron ASA, has signed a contract with a leading supplier of offshore equipment. The agreement covers the period 2012 to 2014. In this period the expected turnover under the contract is between NOK 200 and 300 million. Kitron already has received purchase orders under the contract totaling NOK 25 million.

For further information please contact:
Jørgen Bredesen, CEO of Kitron ASA, tel.: (+47) 4825 2584, or e-mail: jorgen.bredesen@kitron.com
Dag Songedal, Managing Director of Kitron AS, tel.: (+47) 91 38 64 68 or e-mail: dag.songedal@kitron.com  

Kitron is one of Scandinavia's leading electronic manufacturing services companies for the Defence, Energy/Telecoms, Industry, Medical equipment and Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania, Germany, China and the United States. Kitron had a revenue of about NOK 1.6 billion in 2010 and has about 1,100 employees. www.kitron.com

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

 




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information contained therein.

Source: Kitron ASA via Thomson Reuters ONE

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