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Kitron wins contract for Oslo Stock Exchange battery management systems: KIT

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(2021-02-17) Kitron expands services with major existing customer to cover production of battery management systems. The new price initially covers 2022 to 2025 and is valued at NOK 150 million.

Production will take place at the Kitron plant in Poland. The price also covers various services.

We are extremely happy to extend this relationship with a new line of products. Battery management systems are examples of the growth potential in the fundamental shift from fossil fuels to electrification. This is an area of ​​strategic importance to Kitron and is currently helping fuel the strong growth we are seeing in electrification, said Peter Nilsson, President and CEO of Kitron Group.

For more information, please contact:
Peter Nilsson, President and CEO, Tel. +47 948 40850
Email: [email protected]

Kitron is a Scandinavian leader in electronics manufacturing services for the Defense / Aerospace, Energy / Telecom, Industry, Medical Devices and Offshore / Marine sectors. The company is established in Norway, Sweden, Lithuania, Germany, Poland, China and the United States. Kitron achieved sales of approximately NOK 4.0 billion in 2020 and has approximately 1,800 employees. www.kitron.com

This information is published in accordance with the requirements of the Oslo Brs Ongoing Obligations for Listed Companies.

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