Contract in Germany of NOK 17 million

Data Respons has signed a contract of NOK 17 million with a leading player in the automotive market in Germany.

The contract is a 3-year frame agreement, which can be extended by 1+1 year, and comprise delivery of specialised Linux services supporting all phases of the development cycle.

- The automotive industry is investing heavily in advanced software and data-driven tools (e.g. Computer Aided Design (CAD), Computer Aided Testing (CAT), Computer Aided Engineering (CAE)) supporting an efficient development, simulation and test process. Our deliveries are highly specialised services and represents a business-critical part of the customer’s development process and lifecycle, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.

- We continue to see a strong demand for our services across all markets confirmed by the record high contract inflow so far in 2019. This contract represents a new service offering for an existing customer building on our niche competence and expertise. I am pleased to see that we continue to strengthen our long-term relations with major automotive players and that they value our specialist services, Ragnvaldsen concludes.

For further information:
Kenneth Ragnvaldsen, CEO, Data Respons ASA, tel. +47 913 90 918.

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, Defence & 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.

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