UAB Kitron, a wholly owned subsidiary of Kitron ASA, has entered into an agreement with Policom to manufacture Politerm 760. The value is estimated to be NOK 16 million over 2 years. Policom has been chosen as a supplier to the Skellefteå project, which contains 25,000 Politerm 760 electricity meter terminals.
UAB Kitron and Policom have cooperated since 2003 and UAB Kitron has since then manufactured five different meter terminals.
For further information please contact:
Almante Medziausiene, President, UAB Kitron, tel. +37 06 982 5012
Morten Jurs, CFO, Kitron ASA, tel. +47 991 67 922
Policom is a system and service supplier of AMM (Automatic Meter Management) systems for the collection of metering values, load, control and transfer of alarms. Their platform is one of the most modern in the market and offers a complete system for modern energy metering.
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 turnover of approx. NOK 1,6 billion in 2005 and has approx. 1,200 employees.