KA WINS MORE BUSINESS WORTH 30 MEUR ON AN EXISTING PLATFORM

Kongsberg Automotive (KA) has developed and agreed the delivery of the Electric Power Steering (EPS) on a key Powersport OEM Utility Vehicle platform, as part of an existing agreement with an expected lifetime turnover value of over MEUR 30.

This is a first KA application of EPS on this type of off-road vehicle; a new product that leverages expertise developed over the years in both motorcycle and ATV applications.

“The KA EPS is the only EPS in Powersports with a unique torque sensor,” says Luc St. Pierre, Key Account/Product Manager.

The system also features advanced electronics and software that allows smart and adaptive features to handle various driving conditions and desired dynamics.

“This is a key win for KA because we are supplying a major component into the fastest growing segment of the powersports market,” says Adrian Baker, VP Global Sales & Marketing.

Start of production is scheduled for Q2 2012.

Media:

Hans Jørgen Mørland, Director of Corporate Communications

Phone: 4732770511. Mobile: 4794863570

Investors / analysts:

Philippe Toth, Director, M & A / Investor Relations

Phone: 4732770503. Mobile: 4798214021

Kongsberg Automotive is headquartered in Kongsberg, Norway and has 48 facilities in 20 countries. Kongsberg Automotive, with more than 10.000 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.