Kongsberg Automotive awarded new contract from one of the world'sleading automakers valued at MEUR 13,5

Kongsberg Automotive (KA) has been awarded contracts for head
restraints from a global automaker. The contract is based on KA's
design and will be applied for a new small European city car which
offers innovative solutions and environmentally friendly
powertrains.
 
The value of the contract is estimated to be MEUR 13,5 or MNOK 120.
Start of production is set to 2011, and the head restraints will be
manufactured at the company's facility in Slovakia.
 
"Kongsberg Automotive designs its head restraints to enhance comfort
and protection for vehicle occupants and we're very pleased that one
of World's leading carmakers has recognized our head restraints as
top performers. There is an increasing focus on whip-lash injuries
and a well functioning head restraint is critical for optimum safety
performance.
This is also a confirmation of our strategy and ambitions to grow our
activities in this small-sized fuel-efficient city car segment and
strengthen our footprint in Europe for this product line", says Hans
Peter Havdal, Executive President Automotive Systems Division.
 
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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.
 
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FOR MORE INFORMATION, CONTACT:
Hans Peter Havdal
President, Automotive Systems
Phone:+4732770520. Mobile:+ 4792065690
 
Ronny Lie
Director Communication
Phone : +4732770511. Mobile : +4791610798
 
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