Kitron

A flying start for Kitron in the German market

PRESS RELEASE
Billingstad, 20 February 2012

A flying start for Kitron in the German market

Kitron´s subsidiary in Germany, Kitron GmbH, has been awarded many attractive
new customers for the Kitron Group.

Kitron, one of Scandinavia´s leading electronics manufacturing services
companies has recently had a breakthrough in the German market. Kitron has
partnered with the following new customers: Rheinmetall, Badger Meter, Märklin,
HSM, Parker Hannifin, Binder and Plaston. In addition, Kitron has been awarded a
contract with another customer in the industry segment.

Rheinmetall Defence Electronics GmbH plans, develops, and creates reconnaissance
systems, fire control and command systems, guided weapon platforms, and unmanned
air vehicles. Kitron is a supplier of different electronic boards and box-built
systems for different applications.

Badger Meter Europa GmbH is a leading manufacturer of flow meters, lube
measurement technology and small control valves that can measure the flow of
liquids in all industry branches. Kitron is the manufacturer of the amplifier
for electromagnetic flow meters.

Gebr. Märklin & Cie. GmbH is the world leader for all important gauges in the
model railroad market, characterised by tradition, quality and innovation.
Kitron is developing and manufacturing different kinds of electronic boards and
performs High Level Assembly.

HSM GmbH is a provider of high-quality paper shredders and paper handling
products, from desk-side shredders to large industrial & high-security
shredders. Kitron is a supplier of motor control units for shredders.

Parker Hannifin GmbH is the world´s leading diversified manufacturer of motion
and control technologies and systems, providing precision-engineered solutions
for a wide variety of mobile, industrial and aerospace markets. Kitron is
producing electronic equipment for electronic manometers.

 "Our strategy with a local presence in the form of an NPI/Production centre and
local sales teams, along with Kitron´s global manufacturing and service system,
has proven to be a great success in the German market. In particular, Kitron
factories in Lithuania have been attractive for German customers in terms of
price, quality and proximity to markets." says general manager, Roland Lutz in
Kitron GmbH.

For further information please contact:
Jørgen Bredesen, CEO of Kitron ASA, telephone: [phone], or e-
mail:[e-mail]
Roland Lutz, Managing Director of Kitron GmbH, tel. [phone] or
e-mail:[e-mail]

Kitron is one of Scandinavia´s leading electronics manufacturing services
companies for the Defence, 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 1.7
billion in 2011 and has about 1,200 employees. www.kitron.com

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Source: Kitron ASA via Thomson Reuters ONE

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