Contracts valued at 50 MNOK to major japanese car maker

Kongsberg Automotive in North America has recently been awarded multiple products on a brand new vehicle from a major Japanese OEM. The vehicle is built on an existing platform and will be manufactured in the US. The value of the contracts, which have been rewarded through our Tier 1 customer, is estimated to be 5,5 million euros in sale, or approximately 50 million NOK. Production is scheduled to start in 2011 and have a life for 10 years. With future variants of the vehicle, KA expects to add more volumes during the contract period. "This is good example of cross selling multiple products on one platform", says Raymond Bomya, Executive Vice President in North America. "KA has been awarded several products, including Seat Heat, Seat Lumbar Support and Seat Cables. There is a chance that our content could grow further as we are also in the process of quoting for more business on this vehicle. This award is a result of our sales push concentrating more on the Asian OEM's and getting our message out that we produce multiple products that are globally competitive", he concludes. Kongsberg Automotive is headquartered in Kongsberg, Norway and has approx. 50 facilities in 20 countries on all continents. Kongsberg Automotive, with over 8,000 employees, provides system solutions to vehicle makers around the world. The product portfolio includes gearshift systems, cables for a wide variety of applications, fuel lines, tubing and hoses, couplings, clutch actuation, stabilizing rods, seat heaters, seat ventilation, lumbar supports, head restrains, arm rests, steering columns, pedals, electronics and displays. Find more information at www.kongsbergautomotive.com. For further information, please contact: Ray Bomya, Executive Vice President North America, Automotive Systems Ph: +1 248 615 3090 / +1 313 515-0797 email: raymond.bomya@ka-group.com Ronny Lie, Director, Corporate Communication Ph: +47 32 77 05 11 / +47 916 10 798 e-mail: ronny.lie@ka-group.com