Signed contract worth NOK 75 million
The letter of intent which was released on February 24th 2010 has now been signed. This is the largest contract in the group's history within the medical market. The deliveries have a preliminary framework of NOK 75 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.
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 1st
quarter 2010 the company had a total of 457 employees.
More information on Data Respons ASA can be found on our website: http://www.datarespons.com
For further information please contact:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, phone: +47 67 11 20 00 Mob: +47 913 90 918.