Kongsberg Automotive wins a new thermal management system contract worth over EUR 24 million in estimated lifetime revenue

13 Dec 2024 07:00 CET

Kongsberg, December 13, 2024: Kongsberg Automotive (KA) has secured a new
contract worth over EUR 24 million in estimated lifetime revenue for coolant
system assemblies used in electric vehicles (EV) under KA's thermal management
system (TMS).

The 10-year contract, with the start of production in 2027, is for KA's Nylon
(PA612) coolant assemblies for EV. It was awarded by an innovative manufacturer
of passenger cars in the luxury EV SUV segment. KA's Brzesc Kujawski, Poland
plant will produce and distribute the product.

"KA is proud to announce this award for our strategically important TMS
assemblies from a brand-new customer" says David Redfearn, KA's Chief Sales
Officer, adding, "As we transition towards E-mobility, it is very rewarding to
see the market acceptance of our TMS assemblies. That coupled with our local
engineering support ensured that we were selected for this contract."

Media and communications contact:
Therese Sjöborg Skurdal - Director, Group Marketing and Communications
therese.skurdal@ka-group.com
+47 982 14 059

Investor Relations contact:
investor.relations@ka-group.com

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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