Kitron ASA's subsidiary, Kitron AS, has been awarded a new industrial project as part of a long-term relationship with Danaher Motion Stockholm AB. The agreement covers development, industrialisation and manufacturing services, and represents a unification and strengthening of the cooperation between Kitron AS and Danaher Motion Stockholm AB. The scope of the project represents a total value of more than NOK 100 million over five years.

Kitron AS in Arendal has for years been an important supplier to Danaher Motion Stockholm AB. In this project, Kitron has been selected because of the expertise and flexibility that Kitron AS in Arendal has, as well as for the global expansion that Kitron is now implementing. Overall, this will contribute to strengthening Danahers competitiveness in the market, and represents recognition of Kitron's establishment in China.

"Complex industrial products is an important strategic priority area for Kitron. This contract shows that Kitron possesses the right qualifications that our customers need," says Dag Songedal, Managing director of Kitron AS.

About Kitron

Kitron is Scandinavia's leading company in development, industrialisation and manufacturing of electronics for the Data/Telecoms, Defence, Energy, Industry, Medical equipment and Offshore/Maritime sectors. The company is located in Norway, Sweden, Lithuania and China. Kitron had a revenue of approximately NOK 2.3 billion in 2008 and has about 1,100 employees. For more information, visit www.kitron.com.