(2014-11-24) Kitron ASA's subsidiary Kitron AS, in Arendal, Norway, has received orders from a leading company within the offshore industry. The orders have a value for Kitron of NOK 25 million, and will be fulfilled during 2015. Production will take place at Kitron's plant in Arendal, Norway.

"Kitron has experienced a reduced order backlog within the Offshore/Marine sector during 2014, which makes this order important in order to secure volume going into 2015," said Peter Nilsson, CEO of Kitron.

For further information please contact:
Peter Nilsson, CEO of Kitron ASA, tel. +47 94 84 08 50 or e-mail peter.nilsson@kitron.com
Dag Songedal, Managing Director, Kitron AS, tel. +47 91 38 64 68 or e-mail dag.songedal@kitron.com

Kitron is one of Scandinavia's leading electronics manufacturing services companies for the Defense, Energy/Telecoms, Industry, Medical equipment and Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania, Germany, China and the United States. Kitron had revenues of about NOK 1.6 billion in 2013 and has about 1,200 employees. www.kitron.com

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