NORBIT – On-board unit order awarded by a French customer

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Trondheim, February 21, 2022: NORBIT today announces that NORBIT ITS, part of the Connectivity segment, has received an order from a French customer for the delivery of on-board units. The order is worth NOK 15 million and delivery is expected throughout 2022.

“We are delighted to receive this first order from a new Connectivity customer. This supports the positive development that connectivity is currently experiencing, further increasing the B2B revenue share for our dedicated short-range communications products,” said NORBIT CEO Per Jørgen Weisethaunet.

For any other questions, please contact:

Per Jørgen Weisethaunet, CEO, +47 959 62 915
By Kristian Reppe, CFO, +47 900 33 203

About NORBIT

NORBIT is a global provider of technologies tailored to selected niches, solving challenges through innovative solutions, in line with its mission to explore more. The company is structured into three business segments to address its key markets; Oceans, Connectivity and Product Innovation and Realization (PIR). The Oceans segment provides tailored technology solutions to global maritime markets. The Connectivity segment encompasses NORBIT’s technology in low-power wireless solutions related to electronic vehicle identification for toll collection and tachograph application, as well as a new vertical including the Hungarian software solutions provider recently acquired iData, as well as NORBIT’s initiatives within connected solutions in selected application niches. The PIR segment offers R&D services, proprietary products and contract manufacturing to key customers.

NORBIT is headquartered in Trondheim with manufacturing in Norway, has approximately 400 employees and a global sales and distribution platform.

For more information: www.norbit.com

The information is such that NORBIT is required to disclose it pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements under Section 5-12 of the Norwegian Securities Act.

The information was submitted for publication by Elise Heidenreich, Investor Relations at NORBIT ASA, on February 21, 2022 at 4:00 p.m. CET.

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