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2015-09-24

Kitron ASA: Kitron receives order from Kongsberg

(2015-09-24) Kitron has, through its subsidiary Kitron AS in Arendal, Norway,
received an order from Kongsberg Defence&Aerospace AS for military
communications equipment.

Some of the equipment to be supplied will be part of an upgrade of the NASAMS
air defence system for the Norwegian Armed Forces.

Kitron will supply various communications products, and production will take
place at Kitron's factory in Arendal. The contract has a value of NOK 56
million for Kitron, and deliveries will take place in 2016.

Stig-Are Mogstad, executive vice president of Kongsberg Defence Systems, said:
"At KONGSBERG we are very happy to place yet another major order for the
production of tactical communications equipment with Kitron. Some of the
products to be supplied will be part of a project for the Norwegian Armed
Forces to upgrade the NASAMS air defence system with a new IP-based
communications solution. KONGSBERG's IP-based communications solutions have
already established an international reputation, and this will boost NASAMS
technologically and ensure flexibility and interoperability. KONGSBERG
depends on Norwegian suppliers, and Kitron is a key partner for us. Kitron is
a significant contributor to our world-class products through its expertise
in test development, manufacturing and assembly."

For further information please contact:

Peter Nilsson, CEO of Kitron ASA, tel. +47 94 84 08 50 or
e-mailpeter.nilsson@kitron.com

Hans Petter Thomassen, Managing Director of Kitron AS, tel. +47 91 39 23 60 or
e-mailhans.petter.thomassen@kitron.com

Kitron
is one of Scandinavia's leading electronics manufacturing services companies
for the Defence/Aerospace, 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 revenues of about NOK 1.75
billion in 2014 and has about 1 200 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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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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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