NOK 150 million order acquired for On-Board Models


Trondheim, 27 January 2023: Reference is made to the inventory alternate discover dated 2 January 2023 the place NORBIT introduced that section Connectivity had acquired affirmation from an current undisclosed European buyer of a major quantity improve of On-Board Models, pending closing negotiations on industrial phrases.

Right this moment, NORBIT is happy to announce that the events have entered into an settlement and NORBIT has acquired the order for roughly NOK 150 million.

The order acquired is for deliveries within the first half of 2023. The events will proceed discussions with reference to extra volumes for the second half of the yr. Thus, whole volumes are anticipated to be considerably increased for the total yr in comparison with what was communicated 2 January.

“That is the results of a powerful and trusted partnership with the shopper and our technique of migrating the gross sales of On-Board Models from tendering to B2B. Our in-house manufacturing capabilities enable for scalability, enabling us to ship on these form of alternatives. We’re enthusiastic with reference to the extra quantity potential within the second half of 2023”, says Per Jørgen Weisethaunet, CEO of NORBIT.

For additional queries, please contact:
Per Jørgen Weisethaunet, CEO, +47 959 62 915
Per Kristian Reppe, CFO, +47 900 33 203

NORBIT is a world supplier of tailor-made expertise to chose niches, fixing challenges and selling sustainability by way of revolutionary options, consistent with its mission to Discover Extra. The corporate is structured in three enterprise segments to deal with its key markets: Oceans, Connectivity and Product Innovation & Realization (PIR). The Oceans section delivers tailor-made expertise options to world maritime markets. The Connectivity section supplies wi-fi options for identification, monitoring and monitoring. The PIR section presents R&D providers, proprietary merchandise, and contract manufacturing to key clients. NORBIT is headquartered in Trondheim with manufacturing in Norway, has round 450 staff, and a worldwide gross sales and distribution platform.

For extra info:

The data is such that NORBIT is required to reveal in accordance with the EU Market Abuse Regulation and is topic to the disclosure necessities pursuant to Part 5-12 of the Norwegian Securities Buying and selling Act.

The data was submitted for publication by Elise Heidenreich, Investor Relations at NORBIT ASA, on 27 January 2023 at 07:00 CET.

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