Contract of NOK 16 million
Data Respons has signed an initial contract worth NOK 16 million with a Norwegian customer.
The contract comprises of R&D services and delivery of advanced computer solutions embedded in the customers’ industrial products. The initial development services and prototype deliveries will be carried out in 2019 and first half of 2020. The long-term potential of the future services and solutions deliveries for the customer is considered to be substantial and will be carried out over the next 5-7 years.
- We notice that there is an increasing product development activity among our Norwegian customers and that companies get more technology-driven in their approach. This contract involves development of an advanced hardware and software solution with high security requirements operating in rugged environments. Our multi-disciplinary engineering competence and industry know-how enables Data Respons to take on such business-critical development project, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.
- In Data Respons, we have a lifetime perspective on our customer relationships and work closely with our customers – from idea trough the total product life cycle and into the next generation. This contract offers a great long-term opportunity to deliver products and services in many years ahead, Ragnvaldsen concludes.
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, Defence & 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.