Kongsberg Automotive wins contract in new citycar segment

Kongsberg, 7 July 2009. Kongsberg Automotive (KA) has booked a new order for Seat Heat with a lifetime value of MEUR 3,4 (30 MNOK). The customer is a German automaker preparing to launch a new compact city car in 2011. This will be an important growth segment as the car makers strive to launch more environment friendly cars to meet stringent mission standards. "The customer is one of Germany's leading carmakers and this contract represents an introduction of Kongsberg Automotive's new technology within Seat Heaters. Bringing new technology to the market is important for further growth in this area, and we expect new business opportunities to follow as a result of this award", says Hans Peter Havdal, Executive President Automotive Systems Division. "The new technology is an evolution of the Seat Heat technology which is an area where Kongsberg Automotive has been a leader for more than 30 years". Kongsberg Automotive is headquartered in Kongsberg, Norway and has approx. 50 facilities in 20 countries. Kongsberg Automotive, with close to 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 MORE INFORMATION, CONTACT: Hans Peter Havdal President, Automotive Systems Phone:+4732770520. Mobile:+ 4792065690 Ronny Lie Director Communication Phone : +4732770511. Mobile : +4791610798