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Kitron receives orders worth approx. 18 million NOK


May 26, 2006

Through its subsidiary Kitron Microelectronics AS in Røros Kitron has received new orders from the Norwegian company Q-Free ASA in Trondheim. The orders cover both industrialisation and production of toll road transponders for deliveries to several new markets. Orders received for deliveries in Q2 and Q3 are worth approx. 18 million NOK. Deliveries have already started.

* “Kitron Microelectronics AS is an important contract manufacturer of Q-Free transponders, and has on several occasions been our partner for industrialisation projects. We are pleased with their capabilities and flexibility, and it was natural for us to award Kitron Microelectronics AS these orders”, says Geir Ove Kjesbu, CEO with Q-Free ASA.

* “These orders confirm our position as preferred supplier of transponders and industrialisation services to Q-Free ASA. We are pleased to hold this position, and look forward to further developing and strengthening our cooperation to contribute to make both companies even more competitive in our markets”, says Leif Tore Smedås, President with Kitron Microelectronics AS.

The cooperation between Q-Free ASA and Kitron Microelectronics AS also includes other products which Kitron Microelectronics AS is manufacturing for Q-Free ASA. The new orders were anticipated as Q-Free continues to win contracts in new markets.

Q-Free is a Norwegian based company that is world leading within technology for use in Road User Charging. Q-Free focuses on providing communication and transaction technology and products to safeguard transport operator’s cash flow. Q-Free aims at becoming market leader in all markets it enters.

Kitron is one of Scandinavia’s leading companies in development, industrialisation and production of electronics for the data/telecom, defence/marine, medical, automotive and other industries. The company is located in Norway, Sweden and Lithuania. Kitron had a turnover of approx. NOK 1,6 billion in 2005 and has approx. 1,200 employees.


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