Data Respons ASA: Contract in Germany of NOK 20 million

Data Respons has signed a contract with a high-tech supplier to the automotive market.

The contract comprises R&D Services and smarter solutions embedded in the customer's total system. The deliveries will be carried out in 2018.

- Data Respons continues to grow at a high pace in Germany and this market now counts for more than 25 % of the total revenues. Major trends with increased automation, digitalisation and IoT provide strong opportunities for continued growth for Data Respons. We have been operating in Germany for over 10 years and we expect strong growth in this market going forward, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.

For further information:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, tel. [phone].
Rune Wahl, CFO, Data Respons ASA, tel. + 47 950 36 046

About Data Respons
Data Respons is a full-service, independent technology company and a leading player in the IoT, industrial digitalization and the embedded solutions market. We provide R&D services and embedded solutions to OEM companies, system integrators and vertical product suppliers in a range of market segments such as Medical, Industry Automation, Smart grid/Smart home, Bank and Insurance, Automotive, Defense, Maritime, Energy and Telecommunications. 

Data Respons ASA is listed on the Oslo Stock Exchange (Ticker: DAT), and is part of the information technology index. The company has offices in Norway, Sweden, Denmark, Germany, and Taiwan. www.datarespons.com 

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading

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Source: Data Respons ASA via Globenewswire