Data Respons ASA: Contract in Germany of NOK 30 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 during 2018 and 2019.

- Germany is the main growth engine in Europe with a strong position in most large industries. A major driver is the automotive industry - one of the industries currently investing the most in product development globally. This is fuelled by the ongoing transformation and digitalisation of all car platforms to a modern, always connected and scalable system architecture (HW and SW). This again will enable seamless remote updates of software and functionality throughout the life of the car, autonomous driving and new data driven services and business models (e.g. «car as a service»).

Data Respons delivers advanced R&D projects within all these areas today, both to key suppliers and to several of the major automotive brands. As an example, we have delivered customized software running in millions of cars and trucks. We expect continued positive development for Data Respons in this growing industry segment for many years to come, 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 digitalisation and the embedded solutions market. We provide R&D services and smarter solutions to OEM companies, system integrators and vertical product suppliers in a range of market segments such as Transport & Automotive, Industrial Automation, Telecom & Media, Space, Defense & Security, Medtech, Energy & Maritime, and Finance & Public Sector.

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 Act.

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Source: Data Respons ASA via Globenewswire