Kitron's subsidiary Kitron Microelectronics AS in Røros has received orders from the Norwegian company Q-Free ASA in Trondheim. The orders cover production of toll road transponders for deliveries to several markets. Orders for deliveries in first and second quarter 2007 are worth approximately NOK 20 million. Deliveries have started.
"We regard the new orders as a confirmation of our position as preferred supplier of transponders to Q-Free ASA. This is a position we are pleased to hold, and by further developing and strengthening the cooperation between the companies, we will increase our competitivness in our markets", says Leif Tore Smedås, Managing Director with Kitron Microelectronics AS.
The cooperation between Q-Free ASA and Kitron also includes other products which Kitron Microelectronics AS manufactures for Q-Free ASA.
For further information please contact:
Leif Tore Smedås, President, Kitron Microelectronics, +47 952 19 685
Jørgen Bredesen, CEO, Kitron ASA, +47 482 52 584
Q-Free is a Norwegian based company that is world leading within technology for use in Road User Charging. Q-Free focuses on providing communication and transaction technology and products to safeguard transport operator's cash flow. Q-Free aims at becoming market leader in all markets it enters. See also
www.qfree.no.
Kitron is one of Scandinavia's leading companies in development, industrialisation and production for the data/telecom, defence/marine, medical and other industries. The company is located in Norway, Sweden and Lithuania. Kitron had a turnover of NOK 1,6 billion in 2005 and has about 1,200 employees. See also www.kitron.com.