NORBIT, a global provider of tailored technology to carefully selected niches, was shortlisted as a “Star of Innovation” company at the European Small and Mid-Cap Awards 2020 hosted by the European Commission, leading European securities exchanges and European Issuers.

The aim of the award is to promote best practices and encourage more small and medium-sized enterprises (SMEs) to access capital markets via IPOs. According to the jury, there was a very high standard of nominations from across Europe.

“Reaching the podium in such a prestigious European award is a true confirmation of our innovative culture, where we give employees a high degree of freedom with regards to making decisions on how to perform his or her work. With freedom comes responsibility, and courage which is utmost important when working with innovations,” says Per Jørgen Weisethaunet, CEO of NORBIT.

The Star of Innovation category includes companies that places innovation at the center of its strategy for business development and is well managed.

“The activity in the Norwegian capital market has been high in recent years, both on the listing side and when it comes to raising capital for growth. The fact that NORBIT is ranked as one of the most innovative listed companies in Europe is a sign of the quality at Oslo Børs,” says Øivind Amundsen, CEO of Oslo Børs.

NORBIT’s success is based on market-driven innovations, realizing innovative products, systems and solutions for industrial customers in selected niches. In connection with a listing on Oslo Børs in June 2019, the company raised new capital to support its strategy for accelerated profitable growth.

For further queries, please contact:
Per Jørgen Weisethaunet, CEO, +47 959 62 915

About NORBIT ASA

NORBIT is a global provider of tailored technology to carefully selected niches. The company’s business is structured to address its key markets; Oceans is offering tailored technology solutions to global maritime markets, Intelligent Traffic Systems (ITS) is offering connectivity solutions for vehicle identification and tracking, and Product Innovation and Realization (PIR) is offering R&D services and contract manufacturing to key customers. NORBIT is headquartered in Trondheim, Norway, with manufacturing facilities in Selbu and Røros, Norway and 14 offices and subsidiaries around the world.