NORBIT's Exciting New Order for GNSS On-Board Units
NORBIT is thrilled to announce a significant step forward in its Connectivity segment, having secured a substantial order for GNSS On-Board Units from Toll4Europe, a prominent provider of Electronic Toll Services (EETS) in Europe. This order is worth an impressive NOK 160 million, marking yet another achievement in NORBIT's mission to innovate and lead in tailored technology solutions.
Order Details and Project Timeline
The deliveries linked to this order are anticipated to take place in the first half of 2026. Such timely execution aligns with NORBIT's commitment to excellence and reliability in service delivery. The confidence placed in NORBIT by Toll4Europe reiterates the company's strong standing and dependable performance in the tech sphere.
Leadership Commentary
Per Jørgen Weisethaunet, CEO of NORBIT, expressed pride in receiving this repeat order, emphasizing the trust from a leading tolling service provider. He stated, “This repeat order demonstrates the strength of our ability to deliver tailored technology and our strategy to act as a technology partner for our client.” Such affirmation from leadership illustrates NORBIT's dedication to forging lasting partnerships built on trust and innovation.
A Glimpse into NORBIT ASA
NORBIT ASA operates on a global scale, providing innovative technology tailored to address specific challenges while promoting sustainability. This mission is encapsulated in its motto, "Explore More." The company is organized into three distinct segments: Oceans, Connectivity, and Product Innovation & Realization.
The Oceans segment focuses on developing technology solutions tailored to global maritime markets. Meanwhile, Connectivity offers advanced wireless solutions that cover identification, monitoring, and tracking needs. The third segment, Product Innovation & Realization, specializes in research and development services, proprietary products, and contract manufacturing for key clients. This robust structure positions NORBIT as a leader in each of its targeted markets.
Company Operations and Reach
Headquartered in Trondheim, NORBIT has manufacturing capabilities spread across Europe and North America. With approximately 650 dedicated employees, the company's extensive sales and distribution network ensures that its innovative solutions reach clients around the globe.
Commitment to Transparency
NORBIT values transparency and adheres to the highest standards of regulatory compliance. The company is committed to providing relevant information as required under the Securities Trading Act, as well as adhering to guidelines set forth by the EU Market Abuse Regulation.
For additional information and insights into NORBIT's products and services, interested parties can reach out to the management team:
Per Jørgen Weisethaunet, CEO – +47 959 62 915
Per Kristian Reppe, CFO – +47 900 33 203
Frequently Asked Questions
What is the value of the new contract secured by NORBIT?
The new order secured by NORBIT is valued at NOK 160 million.
Who is the client for the GNSS On-Board Units?
The client for the GNSS On-Board Units is Toll4Europe, a leading Electronic Toll Service provider.
When are the deliveries of the GNSS units scheduled?
The deliveries are scheduled for the first half of 2026.
What are the main segments of NORBIT ASA?
NORBIT ASA operates in three main segments: Oceans, Connectivity, and Product Innovation & Realization.
How can I contact NORBIT for more information?
You can contact NORBIT via their CEO Per Jørgen Weisethaunet at +47 959 62 915 or CFO Per Kristian Reppe at +47 900 33 203.
