NORBIT - Awarded NOK 260 million orders

14 Mar 2025 07:30 CET

Trondheim, 14 March 2025: NORBIT today announces that segment PIR has received
orders worth approximately NOK 260 million from an undisclosed contract
manufacturing client in the defence and security sector. Deliveries under the
contracts will commence immediately, with the majority scheduled for second
quarter of 2025.

"Given the current geopolitical landscape, we are convinced that there will be a
long-term increase in demand for technology made in Europe. Our strategic
investments in increased capacity enable scalability across all our business
segments. These contract awards confirm that preparing for increased demand,
including from clients in the defence and security sector, has been a sound
strategic decision", says Per Jørgen Weisethaunet, CEO of NORBIT.

For more information, please contact:

Per Jørgen Weisethaunet, CEO, +47 959 62 915

Per Kristian Reppe, CFO, +47 900 33 203

About NORBIT ASA

NORBIT is a global provider of tailored technology to selected applications,
solving challenges and promoting sustainability through innovative solutions, in
line with its mission to Explore More. The company is structured in three
business segments to address its key markets: Oceans, Connectivity and Product
Innovation & Realization. The Oceans segment delivers tailored technology
solutions to global maritime markets. The Connectivity segment provides wireless
solutions for identification, monitoring and tracking. The Product Innovation &
Realization segment offers R&D services, proprietary products, and contract
manufacturing to key customers. NORBIT is headquartered in Trondheim with
manufacturing in Europe and North America, has around 600 employees, and a
worldwide sales and distribution platform.

For more information: www.norbit.com

This stock exchange release contains inside information as defined in the EU
Market Abuse Regulation and is subject to the disclosure requirements pursuant
to section 5-12 of the Securities Trading Act.

The information was submitted for publication by Elise Heidenreich, Investor
Relations at NORBIT ASA, on 14 March 2025 at 07:30 CET.

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