Through its subsidiary Kitron Microelectronics AS in Røros, Kitron ASA has received an order from Q-Free ASA, worth about NOK 60 million.
Through its subsidiary Kitron Microelectronics AS in Røros, Kitron ASA has received an order for production of toll road transponders from the Norwegian company Q-Free ASA in Trondheim. The order is worth about NOK 60 million, with delivery over the coming twelve months.
"Q-Free has been one of our major customers for many years, and we see the new order as an acknowledgement of our quality and capability and a natural way to further expansion of this part of our business," says Leif Tore Smedås, Managing Director at Kitron Microelectronics AS and Corporate Vice President in Kitron ASA.
19 September 2007
Kitron ASA
For further information, please contact:
Leif Tore Smedås, Managing Director of Kitron Microelectronics AS, +47 9521 9685
Jørgen Bredesen, CEO of Kitron ASA, +47 4825 2584
Q-Free is a leading supplier of electronic toll collection (ETC) systems. The Company has
installed ETC-systems in 18 countries around the world. Headquartered in Trondheim, Norway, Q-Free has 200 employees in 7 locations and representatives in 8 other countries.
Kitron is one of Scandinavia's leading companies in development, industrialisation and production of electronics for the data/telecom, defence/marine, medical, automotive and other industries. The company is located in Norway, Sweden and Lithuania. Kitron had a revenue of approx. NOK 1,7 billion in 2006 and has approx. 1,300 employees.