Data Respons ASA: Strategic contract in Sweden
July 05 2017 - 5:22AM
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.
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Data Respons ASA via Globenewswire
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