Offshore contract worth NOK 30 million

Data Respons has signed a solution contract with a global player within the offshore market. The contract is worth NOK 30 million and has considerable future potential.

 

- Solution contracts require that we follow the project from the early development stages to consecutive volume deliveries throughout the life cycle. Deliveries such as these demand high quality and access to local competency. Furthermore we make sure that the cost level is competitive by carrying out the development phase in Norway while the production phase will be performed by our partners in Asia, says CEO Kenneth Ragnvaldsen of Data Respons ASA. 

 

Data Respons will develop and deliver solutions that are embedded in several of the customer's product platforms. The development phase will take place in the next six months with successive deliveries over the next years.

 

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 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 2009 the company had a total of 480 employees.

More information on Data Respons ASA can be found on our website: http://www.datarespons.com

 
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)