Kongsberg Automotive wins EUR 11.2 million (NOK 89 million) contract in China

Kongsberg Automotive (KA) is pleased to have been awarded a EUR 11.2 million (NOK 89 million) contract for supply of Seat Heat systems in China from its Interior Systems business area

The nomination is for supply of seat heating systems for a global OEM to a popular crossover SUV and C segment sedan car in China. Start of production will be in the second half of 2015 from KA’s facility in Wuxi, China. The contract will run for 7 years and confirms the strong sales momentum KA is enjoying in the BRIC regions.

“This nomination shows the strength of our global team and global approach. Our North American and Chinese sales teams collaborated in a very good way to show the customer the value of working with KA: Global designs, strong local support and a high quality product regardless of region or manufacturing site,” says VP of Global Sales Hans Jørgen Mørland.

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