15 Nov 2022 08:30 CET

Issuer

Kongsberg Gruppen ASA

Kongsberg Maritime has won a NOK 300 million contract with Pelagic Wind Services
to supply advanced vessel design and equipment for two new Commissioning Service
Operation Vessels (CSOV) to be built at Cochin Shipyard in India.

The CSOVs will be built to Kongsberg Maritime’s UT 5519 HL design, which has
been upgraded to provide the highest level of operability and safety, while
lowering fuel consumption and maintaining excellent seakeeping properties. The
new vessels will be able to operate safely and efficiently in any situation with
the lowest possible environmental footprint.

The comprehensive equipment package includes a complete hybrid propulsion system
driving highly efficient, permanent magnet azimuth thrusters. This is combined
with next-generation ship automation, deck machinery, power electrical systems,
instruments, bridge consoles and ship monitoring systems. These innovations will
deliver significant environmental and operational benefits, including the
possibility of conducting port operations without the need for diesel engines.

The vessels will be delivered in 2025.

Kongsberg (OSE-ticker: KOG) is an international, knowledge-based group that
supplies high-tech systems and solutions to customers in the energy, merchant,
navy and defence and aerospace industries. Kongsberg has more than 11,000
employees in 40 countries and a total revenue of NOK 27.5bn in 2021.
Follow us on: kongsberg.com, Facebook, Twitter and LinkedIn


Source

Kongsberg Gruppen ASA

Provider

Oslo Børs Newspoint

Company Name

KONGSBERG GRUPPEN, Kongsberg Gruppen ASA 16/26 3,20%, Kongsberg Gruppen ASA 16/23 2,90%, Kongsberg Gruppen ASA 18/24 FRN, Kongsberg Gruppen ASA 21/26 FRN

ISIN

NO0003043309, NO0010766512, NO0010779788, NO0010837602, NO0010940422

Symbol

KOG

Market

Oslo Børs