Trondheim, 10 September 2019: NORBIT, a global provider of tailored technology to carefully selected niches, is pleased to announce that a key automotive client has given notice about a significant increase in volume deliveries on an existing product. The increase has an expected annual revenue impact of NOK 50 million from 2020.
For further queries, please contact:
Per Jørgen Weisethaunet
+47 959 62 915
+47 404 51 102
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, targeting the global maritime markets, Intelligent Traffic Systems (ITS), offering connectivity solutions for truck applications, and Product Innovation and Realization (PIR), with in-house multidisciplinary R&D and manufacturing.
NORBIT is headquartered in Trondheim, Norway, with manufacturing facilities in Selbu and Røros, Norway and 12 offices and subsidiaries around the world.
For more information: www.norbit.com
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.