Data Respons ASA: Strategic contract in Sweden

Data Respons has renewed a frame agreement with a large industrial group in Sweden for the delivery of SW specialist services and R&D projects. The duration of the frame agreement is 2 years. Expected yearly contract volume is SEK 60 million.

- The renewal of the frame agreement supports the positive development we currently see in Sweden and in the company in general. We have many active frame agreements in the group and have reached a size that make us attractive for big "blue-chip" customers having more than 600 highly skilled engineers on hand. Our breadth of competence from sensor level to the mobile app make us a strategic partner in industrial digitalisation and the growing IoT market, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.

- Sweden is our largest market with 50% of the total revenues. The contract confirms the high activity levels we are experiencing in Sweden. We expect continued growth in Sweden ahead, says Kenneth Ragnvaldsen, CEO of Data Respons ASA.

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 embedded solutions to OEM companies, system integrators and vertical product suppliers in a range of market segments such as Medical, Industry Automation, Smart grid/Smart home, Bank and Insurance, Automotive, Defence, 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 Act.