Kitron Signs ?7 Million Annual Manufacturing Agreement for Advanced Sensor Technology

08 May 2025 17:05 CEST

(2025-05-08) Kitron has entered into a multi-year agreement with a U.S.-based
customer to manufacture advanced sensor-based products intended for the European
market.

The agreement, valued at approximately EUR 7 million annually, will commence
towards the end of the fourth quarter of 2025.

The products will be built using Kitron's established production capabilities in
Europe, drawing on the company's expertise in high-level assembly and complex
electronics for the Connectivity market sector.

"This significant agreement is a strong endorsement of Kitron's manufacturing
capabilities and our ability to serve global customers through regional
production models," says Kristoffer Asklöv, COO of Kitron. "It reflects our
strategy to support growth in the Connectivity sector by combining technology
leadership, operational excellence, and close customer collaboration."

This agreement further solidifies Kitron's role as a key manufacturing partner
in the digitalization and sensor-driven transformation of industrial markets and
supports continued investment in European operations.

For further information, please contact:
Peter Nilsson, President and CEO, tel. +47 948 40 850

Mindaugas Sestokas, VP Central Eastern Europe, tel. +370 685 25 557

Email: investorrelations@kitron.com

Kitron is a leading Scandinavian electronics manufacturing services company for
the Connectivity, Electrification, Industry, Medical devices and
Defence/Aerospace sectors. The group has operations located in Norway, Sweden,
Denmark, Lithuania, Germany, Poland, the Czech Republic, India, Malaysia, China
and the United States. Kitron has about 2 400 employees, and revenues were EUR
647 million in 2024.

www.kitron.com
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v1GrbTm8tLo5166Is7L_G3YJPNQ7uQo1qji2ySNEFR-vBOXsZxhQTwklUPw==)

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act.

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