Contract worth SEK 6 million solution awarded Sweden
Data Respons has received an order worth SEK 6 million from an existing customer within the automotive industry. There is a considerable future potential with this customer and the expected annual volume is SEK 15-20 million from 2008. This particular type of solution normally has a duration of 3-5 years.
The contract comprises serial delivery of advanced solutions embedded in the customer's product.
- Data Respons is well positioned in the Swedish market. The strong order intake at the end of the year ensures good momentum going into 2008, says CEO Kenneth Ragnvaldsen. We have a clear goal of continued high growth both organic and through focused acquisitions, Ragnvaldsen concludes.
The contract reinforces the positive development for Data Respons Sweden. Data Respons has 4 offices in central regions in Sweden with employing almost 200 people, 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