Offshore contract worth NOK 40 million

Data Respons has entered into a 3 year framework agreement with a value of 40 million. The contract covers delivery of embedded solutions for installations for the offshore market.

The client is a world leader in the design, manufacturing and sales of equipment used in oil and gas exploration.
 
- We are very pleased to work closely with the leading groups in the oil services market in Norway and worldwide, says CEO Kenneth Ragnvaldsen. We see a large market potential for our robust and customized solutions for offshore and maritime use. To be competitive in this market, it requires local expertise, innovative use of technology and a global value chain. The contract confirms the solid activity in the offshore segment and Data Respons expects growth in Norway and internationally in these markets in the coming years.

Data Respons is well positioned for further growth in the offshore segment, covering everything from oil exploration, oil production, measuring systems for oil and gas pipelines, communications systems, steering and control systems for ships and advanced subsea technology.

ABOUT DATA RESPONS

Data Respons' vision is to become a leading actor in Europe in Embedded Solutions for the industrial market. Embedded Solutions can be described as 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 2010 the company had a total of 449 employees. More information on Data Respons ASA can be found on our website: 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.

 

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