New contract in Germany of 40 million NOK
Data Respons has signed contracts with a leading player within automotive in Germany.
The contracts comprise development of software for real time information processing, advanced communication solutions and applications integrated with multiple optimisation and control systems. The deliveries are part of long-term and business critical development projects that goes on for several years. The contract scope is expected to increase significantly throughout the year and beyond.
The ongoing digitalisation of the automotive industry makes vehicles more advanced with additional sensors, more embedded software and increasing demand for data processing. Furthermore, almost all new vehicles will be connected to the internet enabling a broad range of new value adding applications and services.
– Data Respons is a niche supplier of specialist development services and high-tech solutions to several leading players in the transport and automotive industry (cars, trucks and other commercial vehicles). Vehicles are getting increasingly complex driving the need for in-depth knowledge and understanding both at a system and domain level. Our customers, and the industry in general, are increasing their R&D investments within our core areas and we are therefore experiencing a strong demand for our services, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.
For further information:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, tel. +47 913 90 918.
Rune Wahl, CFO, Data Respons ASA, tel. + 47 950 36 046
About Data Respons
Data Respons is a full-service, independent technology company and a leading player in the IoT, Industrial digitalisation and the embedded solutions market. We provide R&D services and smarter solutions to OEM companies, system integrators and vertical product suppliers in a range of market segments such as Transport & Automotive, Industrial Automation, Telecom & Media, Space, Defense & Security, Medtech, Energy & Maritime, and Finance & Public Sector.
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 Norway, Sweden, Denmark, Germany and Taiwan. www.datarespons.com
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.