Letter of intent worth NOK 70 million
Data Respons has signed a letter of intent with an international supplier in the medical segment. The preliminary frame is NOK 70 million.
The scope includes development and delivery of a solution that will embedded in the customer's product for the worldwide medical market. The development phase will take place in 2010 with delivery of a prototype followed by serial deliveries over 3 years from 2011.
- It is very nice to welcome a new customer with such an exciting assignment. Our presence in Asia helps us offer a cost effective and competitive solution by manufacturing everything in Asia, while at the same time giving the customer local access to a team with both HW and SW experts, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.
The final contract is expected to be signed by the end of March 2010.
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 4th quarter 2009 the company had a total of 464 employees.