KA wins seat comfort business for premium vehicle worth EUR 15.8 million (NOK 145mill.)

Kongsberg Automotive has been awarded a seven year agreement with a European premium automaker for the supply of seat comfort systems to a mid-size/large luxury SUV. The contract is worth an estimated EUR 15.8 million (NOK 145 million) over its lifetime, and production is scheduled to start in the third quarter of 2016 from KA's facility in Pruszkow, Poland.

The vehicle that KA will supply to combines off-road ability and luxury. KA will supply comfort systems including lumbar support systems for the front seats and seat heat systems for all three seat rows.

"Providing seat comfort solutions to the premium seat and car makers in a growing segment of the automotive industry is exactly what we want to achieve, and this is a great win for us. Our leading seat comfort technology and experience, coupled with our strong market orientation and global footprint provide a solid value proposition to customers”, said Hans Jørgen Mørland, VP Sales & Marketing for Kongsberg Automotive's Interior business area.

Media:

Fredrik Tangeraas, Director, Corporate Communications

Phone: +47 32 77 05 35; Mobile: +47 92464699

Investors / analysts:

Philippe Toth, Sr. Vice President, Business development & Investor Relations

Phone: +47 32 77 05 03; Mobile: +47 98214021

About Kongsberg Automotive:

Kongsberg Automotive provides world class products to the global vehicle industry. Our products enhance the driving experience, making it safer, more comfortable and sustainable. With revenues of close to EUR 1.0 billion and approximately 10.000 employees in 20 countries, Kongsberg Automotive is truly a global supplier. The company is headquartered in Kongsberg, Norway and has 32 production facilities worldwide. The product portfolio includes seat comfort systems, driver and motion control systems, fluid assemblies, and industrial driver interface products developed for global vehicle manufacturers. Find more information at www.kongsbergautomotive.com