Advanced negotiations on potential NOK 50 million order

Trondheim, 20 September 2024

NORBIT announces today that the PIR segment is in advanced negotiations with an existing industrial customer for a contract manufacturing order. The order is expected to be worth approximately NOK 50 million and delivery is scheduled for Q1 2025.

For more information, please contact:

Per Jørgen Weisethaunet, CEO, +47 959 62 915

Per Kristian Reppe, CFO, +47 900 33 203

About NORBIT ASA

NORBIT is a global supplier of tailored technologies, solving problems and promoting sustainability through innovative solutions, in line with the Explore More mission. The company is organized into three business segments to serve its key markets: Oceans, Connectivity and Product Innovation & Realization. The Oceans segment provides tailored technology solutions to the global marine markets. The Connectivity segment provides wireless solutions for identification, monitoring and tracking. The Product Innovation & Realization segment offers R&D services, proprietary products and contract manufacturing to key customers. NORBIT is headquartered in Trondheim, with production in Europe, employs approximately 500 people and has a worldwide sales and distribution platform.

More information: www.norbit.com

This stock exchange release contains confidential information within the meaning of the EU Market Abuse Regulation and is subject to the disclosure requirements of Articles 5-12 of the Securities Trading Act.

The information was submitted for publication by Elise Heidenreich, Investor Relations at NORBIT ASA, on September 20, 2024 at 09:35 CEST