Kongsberg Automotive awarded its second biggest nomination evervalued at 65 MEUR

Kongsberg Automotive has won one of its biggest and most important
nominations ever with one of the world's largest manufactures of
commercial vehicles in the heavy duty truck segment. The value of the
nomination is estimated to be at a level of up to 550 MNOK / 65 MEUR,
and the nomination is for 6 years. The production may continue even
after that period. This is the second biggest nomination in KA`s
history.
 
The new business includes delivery of vital chassis and axle
suspension products. Thanks to the new design the vehicle will offer
significant improved driving comfort. In addition, the new products
have a reduced weight of 20 kg which is 1/3 of the current weight and
improved impact strengths to allow increased payload and require less
space which is vital for the next generation of truck technology.
 
The main part of the production will take place at Rollag and
Hvittingfoss, Norway, both plants representing world class process
and product technology for this type of products. The products will
go through final validation at the customer and start of production
is set to Q3 2011.
 
The award is won due to KA`s deep technology knowledge and competence
in this area and strengthens KA`s position as a leading global
supplier of chassis and suspension products for heavy duty trucks.
 
 "We have worked hard for this award for a long time, and its just
great to receive the evidence that we have fulfilled future customer
requirements for this rather complicated product", says Håkon
Amundsen, Vice President Marketing & Sales, and continues: "KA`s
world class technology will help our customers to secure next
generation of truck requirements, and the requirements will gradually
be implemented to the whole global commercial vehicle industry. This
will open up significant new global business opportunities".
 
###
 
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:
Håkon Amundsen, Vice President, Commercial Vehicle Systems
Ph: +47 61 15 24 44 / +47 900 49 035
e-mail: hakon.amundsen@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
 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.