Kongsberg Automotive is awarded contract worth EUR 30 million

29 Mar 2023 08:30 CEST

Kongsberg Automotive's (KA) Flow Control Systems business unit (FCS) has been
awarded a contract worth EUR 30 million in estimated lifetime revenue for a
variety of PTFE (https://www.kahose.com/en/about-ptfe/) lined hoses.

KA is the exclusive supplier of PTFE line hose for a major North American
industrial supplier in the semiconductor market. KA's product will be
incorporated into industrial processing industries, including semiconductors,
chemical processing, and other fluid transfer systems.

"We are pleased to report that this big win for FCS is of great strategic
importance for KA. The customer utilizes a broad range of our industrial hose
range with several unique products only manufactured by KA. The contract
solidifies an already strong partnership in a key market segment for FCS ," says
David Redfearn, KA's Chief Sales Officer

The five-year contract runs through 2028. KA's Suffield plant Connecticut is the
main facility for production, with KA's Grand River, Michigan and KA's
Normanton, UK plants supporting.

Investor and media relations:
Mads Langaard
mads.langaard@ka-group.com
+47 905 81 264

About Kongsberg Automotive ASA
Kongsberg Automotive provides cutting-edge technology to the global vehicle
industry. We drive the global transition to sustainable mobility by putting
engineering, sustainability, and innovation into practice. Our product portfolio
includes driver and motion control systems, fluid assemblies, and industrial
driver interface products. Find more information
at: kongsbergautomotive.com (https://www.kongsbergautomotive.com/)

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