Data Respons ASA: IoT Contract of SEK 15 million

Data Respons has signed a contract of SEK 15 million, with an option of additional SEK 25 million annually, with a leading provider in the global transportation market.

The contract comprise smart IoT solutions embedded in the customers' new industrial digital platform. The deliveries start in 2018.

- The Nordics remain an important market for Data Respons and we are proud to add another global blue-chip company to our customer list. We continue to manifest our position as a leading supplier in the upcoming market of smarter IoT solutions. This contract also confirms the increased focus on automated, connected and digital solutions to enable new services, increased efficiency and data analytics platforms in the cloud, 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, Bank and Insurance, Transportation and 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