Kongsberg Automotive wins panel heating contract from premium carmaker

-Innovation expands heating product portfolio and secures place in a growing market

Kongsberg Automotive’s (KA) Interior Systems business area has been awarded a four year agreement for the supply of door panel heating to a global European based premium automaker

The contract, along with recent business awards utilizing the same technology, represents an expansion of KA’s already diverse portfolio of heating products, and secures its place within this growing market. Production is scheduled to start in the third quarter of 2017 from KA’s facility in Pruszkow, Poland

Heated interior panels are ways to both enhance comfort inside a vehicle driven in cold climates, and to provide climate comfort in electrified vehicles with no or limited access to waste heat from a combustion engine. The market for heated panels is expected to rise significantly as the market share of electrified vehicles increase, and luxury auto makers work to provide ever improving comfort in their vehicles.

“At Kongsberg Automotive, we’re working tirelessly to expand our product portfolio by introducing new, innovative products and expanding existing technologies for new functionality in vehicles”, said Thomas Lee, Vice President Sales and Marketing for Kongsberg’s Interiors Business area. “We are able to offer our customers products that meet growing demand for the most comfortable car interiors and reducing energy consumption of vehicles.”

Media:

Fredrik Tangeraas, Director, Corporate Communications

Phone: +47 32 77 05 35; Mobile: +47 92464699

Investors / analysts:

Philippe Toth, Sr. Vice President, Business development & Investor Relations

Phone: +47 32 77 05 03; Mobile: +47 98214021

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. With revenues of ca. EUR 1.0 billion and 10.000 employees in 19 countries, Kongsberg Automotive is truly a global supplier. The company is headquartered in Kongsberg, Norway and has 30 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