Contract in Sweden of SEK 17 million
Data Respons has signed a contract of SEK 17 million with a large Swedish industrial company.
The contracts comprise R&D Services, Software development and Smarter Solutions embedded in the customers' industrial products. The deliveries will be carried out in 2018 and 2019.
- We notice that there is an increasing product development activity among our customers and that companies get more technology-driven in their strategy. Future products are becoming more intelligent and software-oriented, while ensuring that all devices are securely connected 24/7 at the same time.
The companies' development budgets increase because of the need to maintain and improve existing products in the portfolio, as well as making major investments in more modern and future-oriented technology platforms to keep up in the digitalization race. This creates a strong demand for data engineers and specialist companies that can assist the businesses with this transformation. The special thing happening right now is that it applies to almost all businesses and industries, "said Kenneth Ragnvaldsen, CEO of Data Respons.
For further information:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, tel. +47 913 90 918.
Rune Wahl, CFO, Data Respons ASA, tel. + 47 950 36 046
About Data Respons
Data Respons is a full-service, independent technology company and a leading player in the IoT, Industrial digitalisation and the embedded solutions market. We provide R&D services and smarter solutions to OEM companies, system integrators and vertical product suppliers in a range of market segments such as Transport & Automotive, Industrial Automation, Telecom & Media, Space, Defense & Security, Medtech, Energy & Maritime, and Finance & Public Sector.
Data Respons ASA is listed on the Oslo Stock Exchange (Ticker: DAT), and is part of the information technology index. The company has offices in Norway, Sweden, Denmark, Germany and Taiwan. www.datarespons.com
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.