Kongsberg Automotive secures contracts worth EUR 5 Million within its Commercial Vehicle segment

Driver Control Systems (DCS) is pleased to have won a new contract for supply of Steering Column Systems to one of the world’s largest Construction vehicle manufacturer worth EUR 5 Million over 5 years.

A combination of column types will be delivered from our Ljungsarp, Sweden facility to our customer’s locations in UK and Brazil with production commencing at the end of 1stquarter 2014.

“Besides the great work from all involved the key to our success has been through KA’s modular design, allowing us to quickly submit design concepts through to prototyping and final production, while offering minimal tooling investment and short lead-times for fully tested parts, giving KA an edge over its competition”, says Håkon Amundsen, VP Sales & Marketing DCS.

“This is a significant change for our customer showing the trust and confidence in both KA and our technologies. This win is the first of many platforms on offer. The potential for further strong growth is a very exciting prospect”, confirms Lars-Olof Johansson, Managing Director of the KA Ljungsarp factory where the steering columns are produced.

The steering column products are part of the extensive “driver interface” product range that KA Driver Control Systems is offering. The focus is on improving the driving experience through offering safe and comfortable vehicle controls.

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Media:

Hans Peter Havdal, CEO

Phone: +47 32770520. Mobile: +47 92065690

Investors / analysts

Philippe Toth,Vice President M&A / Investor Relations

Phone: +4732770503.Mobile: +4798214021

About Kongsberg Automotive:

Kongsberg Automotive provides world class products to the global vehicle industry. Our products enhance the driving experience, making it safer, more comfortable and sustainable.

Kongsberg Automotive's business has a global presence. With revenues of close to EUR 1.0 billion and approximately 10.000 employees in 20 countries, Kongsberg Automotive is truly a global supplier. The company is headquartered inKongsberg,Norwayand has 32 production facilities worldwide. The product portfolio includes seat comfort systems, driver and motion control systems, fluid assemblies, and industrial driver interface products developed for global vehicle manufacturers. Find more information at www.kongsbergautomotive.com