Kitron signs frame agreement with Speed Identity

(2014-10-24) Kitron ASA's subsidiary Kitron AB, in Jönköping, Sweden, has signed a three-year frame agreement with Speed Identity AB for production and related services for its biometric identification systems. The agreement has an estimated value of at least 30 Million SEK during the three years, with options of prolonging.

Speed Identity is a leading global provider of solutions for biometric data capture and enrollment. Biometric identification is used at government agencies and wherever a high level of security is required.

"The proximity to the supplier as well as the efficiency and flexibility that Kitron shows in all processes, plus the technical experience that Kitron has within optics, have been important for us when selecting Kitron as a new suppliers for our products," said Ulf Berg, CEO of Speed Identity AB.

"We are very satisfied that Kitron has been selected as a supplier by Speed Identity, in a highly-qualified procurement process, and that we have signed a long-term frame agreement. We are looking forward to starting production towards the end of the year," said Nils-Gunnar Fransson, sales and marketing manager of Kitron AB.

For further information please contact:
Thomas Löfgren, Managing Director, Kitron AB, tel. [phone] or e-mail [e-mail]

Nils-Gunnar Fransson, Sales and Marketing Manager Sweden, Kitron AB, tel. [phone] or e-mail [e-mail]

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

Speed Identity AB is an expert supplier of systems, knowledge and service in the field of secure and reliable one-stop live enrollment for travel and ID documents. Our systems capture and provide quality assurance for biometric facial images, signatures and fingerprints. www.speed-identity.com

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Source: Kitron ASA via Globenewswire

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