Solution contract worth SEK 20 million in Sweden
Data Respons has received an order worth SEK 20 million from an international industrial company. The company is world leading within their field and is experiencing considerable growth.
The order comprises development with subsequent serial delivery of advanced solutions embedded in the customer's product. The initial contract is worth SEK 20 million with delivery within 2008. The relationship with the customer has considerable future potential for Data Respons. This particular type of solution normally has a duration of 3-5 years.
- The contract strengthens Data Respons as a leading supplier of Embedded Solutions in Sweden. These are demanding and robust solutions to be delivered for many years as part of the customer's product platform, says Ragnvaldsen. In order to gain these types of contracts, the whole value chain needs to be in place. Important factors are local presence, customer oriented competence and a quality based supply chain including a global partner network, Ragnvaldsen concludes.
The contract reinforces the positive development for Data Respons Sweden. Data Respons has 4 offices in central regions in Sweden employing almost 200 man-labour years, and had a growth of 127 % in the first 3 quarters this year.
FOR FURTHER INFORMATION PLEASE CONTACT:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, phone: +47 67 11 20 00 Mob: +47 913 90 918.
ABOUT DATA RESPONS
Data Respons` vision is to become leading in Europe within 2010 on Embedded Solutions in the industrial market. Embedded Solutions can be described as being the brains of a machine, system or industrial end product. Data Respons supplies Embedded Solutions to leading OEM companies, system integrators and vertical product suppliers in a range of market segments such as defence, offshore, automation, medical equipment, surveillance, transport, telecommunications and other industries. Data Respons` customers include Ericsson, Kongsberg Group, ABB, Schlumberger, Anritsu and Saab. 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 Denmark, Finland, Norway, Sweden and Germany. At the close of the 3rd quarter 2007 the company had a total of 364 employees.
More information on Data Respons ASA can be found on our website: http://www.datarespons.no