Data Respons enters into new mobility contracts
Data Respons has signed three new contracts within the growing mobility segment in the Nordic countries with a total initial value of NOK 25 million.
The contracts include software development and delivery of advanced solutions that will contribute to a more efficient asset utilization and better user experience – a critical part of the ongoing digitalization of transport sector. The deliveries will take place in 2019 with a significant potential for increasing business going forward.
- We are seeing a ramp-up in both R&D spending and innovation across the mobility segment. Data Respons is in a position where we can deliver technology to smarter mobility initiatives such as autonomous systems (ADAS), connectivity solutions (IoT), mobile services and electrification, and we are given the opportunity to use the full range of our competence, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.
- In general, these contracts are confirmations of what we have already experienced, namely that software investments in the future transport of both people and goods continue to increase in both quantity and scope, Ragnvaldsen continues.
- I don't think people understand how big the transformation in the mobility segment, one of the largest industries in the world, really is. When software is the game changer of this segment, it is advantageous to be well-positioned with unique and relevant expertise and experience, concludes Ragnvaldsen.
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. www.datarespons.com
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.