(2019-07-05) Kitron has been chosen as selected supplier for a strategic project started by a leading global provider of products and systems within the medtech industry.
The initial phase has an annual value of USD 3 million, with a potential annual value of USD 6.5 million in later stages. Production will take place at Kitron's factory in Ningbo, China, and is set to start in 2021.
"Medical devices is a key market sector for Kitron, and we are extremely happy that this existing customer once more trusts Kitron as a key supplier of vitally important devices," said Israel Losada Salvador, Kitron's COO and Sales Director.
For further information, please contact:
Cathrin Nylander, CFO and acting CEO, tel: +47 900 43 284
Israel Losada Salvador, COO and Sales Director, tel. +47 991 59 138
E-mail: investorrelations@kitron.com
Kitron is one of Scandinavia's leading electronics manufacturing services companies for the Energy/Telecoms, Industry, Defence/Aerospace, Medical devices and Offshore/Marine sectors. The company is located in Norway, Sweden, Lithuania, Germany, China and the United States. Kitron had revenues of about NOK 2.6 billion in 2018 and has about 1,700 employees. www.kitron.com
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.