KIT Kitron ASA

Kitron: Corvus Energy enters Contract Manufacturing Agreement with Kitron

Kitron: Corvus Energy enters Contract Manufacturing Agreement with Kitron

(2021-03-19) Corvus Energy has chosen Kitron as the manufacturing partner for the company’s battery management control systems. The value of the contract is NOK 100 million.

Production will take place at Kitron’s facility in Arendal, Norway. It will be done in 2021 and 2022, with an option for extension.

In addition to manufacturing of electronics modules, the contract also covers assistance towards Corvus Energy’s product redesign.

“With our expansive growth and the worldwide increasing interest in zero emission technology, it is important for us to have long term strategic and trusted suppliers. We are very pleased to sign this contract with Kitron as they are a highly capable and strong sourcing partner for Corvus,” said Nils Valland, Senior Vice President Supply Chain at Corvus Energy.

Corvus Energy is the leading supplier of battery systems for marine, oil and gas and port applications. Its purpose-built, field-proven battery systems provide sustained power to hybrid and all-electric heavy industrial equipment, including large marine propulsion drives.  In addition, the company just announced plans to start development and production of maritime hydrogen fuel cell systems with Toyota as a partner and supplier of mass-produced fuel cell technology.

“We’re excited to be able to support Corvus Energy in its push to transform the maritime industry to an emission-free future powered by batteries and fuel cells. This fits perfectly with Kitron’s strategy of pursuing growth opportunities within electrification, a megatrend that has just started and will fundamentally alter much of the technology we use for transportation and machinery,” said Peter Nilsson, President and CEO of Kitron ASA.

For further information, please contact:

Peter Nilsson, President and CEO, tel.

Hans Petter Thomassen, Managing Director Kitron Norway, tel:

E-mail:

Kitron is a leading Scandinavian electronics manufacturing services company for the Connectivity, Electrification, Industry, Medical devices and Defence/Aerospace sectors. The company is located in Norway, Sweden, Lithuania, Germany, Poland, China and the United States. Kitron had revenues of about NOK 4.0 billion in 2020 and has about 1 800 employees.

This information is published in accordance with the requirements of the Oslo Børs Continuing Obligations for stock exchange listed companies





EN
19/03/2021

Underlying

KITKitron ASA

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Kitron ASA

 PRESS RELEASE
Free
KIT KITRON ASA

Kitron ASA - New share capital registered

Kitron ASA - New share capital registered (2025-09-18) Reference is made to the stock exchange announcement from Kitron ASA on 15 September 2025 regarding issuance of 485,698 new shares under the Company's share incentive program. The share capital increase in connection with the share incentive program has been registered in the Norwegian Register of Business Enterprises today. Registered share capital in Kitron ASA following the registration is NOK 19,940,285.90 divided on 199,402,859 shares, each with a par value of NOK 0.10. Each share gives one vote at the company's general meeting. ...

September 18, 2025 1 EN
 PRESS RELEASE
Free
KIT KITRON ASA

Kitron ASA – Ny aksjekapital registrert

Kitron ASA – Ny aksjekapital registrert (2025-09-18) Det vises til børsmelding fra Kitron ASA 15. september 2025 vedrørende utstedelse av 485 698 nye aksjer under Selskapets aksjeinsentivprogram. Kapitalforhøyelsen i forbindelse med aksjeinsentivprogrammet har i dag blitt registrert i Foretaksregisteret. Registrert aksjekapital i Kitron ASA etter registreringen er NOK 19 940 285,90 fordelt på 199 402 859 aksjer hver pålydende NOK 0.10. Hver aksje gir én stemme på Selskapets generalforsamling. Kitron er et ledende skandinavisk foretak innen produksjon av elektronikk og relaterte tje...

September 18, 2025 1 EN
 PRESS RELEASE
Free
KIT KITRON ASA

KIT – Issue of shares under share incentive program

KIT – Issue of shares under share incentive program (2025-09-15) Reference is made to Kitron ASA's ("Kitron") previous disclosures regarding its share incentive program. Kitron has received exercise notices from the participants in the share incentive program and Kitron's board of directors has consequently resolved to issue 485,698 new shares. The shares are issued to the option holders at a strike price of NOK 0.10 per share pursuant to the board authorisation resolved in Kitron's general meeting held 25 April 2025. In total, 925,000 options were exercised. However, the incentive program...

September 15, 2025 1 EN
 PRESS RELEASE
Free
KIT KITRON ASA

KIT – Utstedelse av aksjer under aksjeincentivprogram

KIT – Utstedelse av aksjer under aksjeincentivprogram (2025-09-15) Det vises til Kitron ASAs ("Kitron") tidligere offentliggjøringer knyttet til aksjeincentivprogrammet i selskapet. Kitron har mottatt meldinger om utøvelse av opsjoner fra deltakere i aksjeincentivprogrammet og Kitrons styre har vedtatt å utstede 485 698 nye aksjer. Aksjene utstedes til opsjonshaverne til en tegningskurs på NOK 0,10 per aksje i henhold til styrefullmakten vedtatt av Kitrons generalforsamling avholdt 25. april 2025. Totalt 925 000 opsjoner har blitt utøvet. Aksjeinsentivprogrammet er imidlertid begrenset ved...

September 15, 2025 1 EN
 PRESS RELEASE
Free
KIT KITRON ASA

Kitron: Completed share buyback in connection with remuneration to the...

Kitron: Completed share buyback in connection with remuneration to the board members (2025-09-08) Kitron ASA has completed share buyback in connection with remuneration to the board members. Reference is made to the stock exchange release by Kitron ASA ("Kitron" or the "Company") published on 8 September 2025 regarding initiation of a share buyback program. The Company has completed its share buyback program. Norne Securities AS has been engaged to carry out the buybacks on behalf of the Company pursuant to the EU Market Abuse Regulation article 5. The Company has acquired a total of 14 ...

September 8, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch