20.02.2025 07:00:10
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EQS-News: Kontron Secures Contract with Leading Supplier to the Automotive Industry
EQS-News: Kontron AG
/ Key word(s): Incoming Orders
Linz, Austria, February 20, 2025 – Kontron, a leading global provider of IoT Technology, is pleased to announce that it has secured a major contract for 5G automotive IoT connectivity modules for several global automotive manufacturers (OEMs). Valued at approximately $250 million, this agreement further strengthens Kontron's position as a trusted IoT technology partner in the automotive industry. This contract highlights Kontron's expertise in high-performance computing solutions for the next generation of connected and autonomous vehicles. Under the agreement, Kontron will supply 5G-based Network Access Devices (NADs), supporting the automotive industry's transition to cutting-edge 5G technology. As 5G adoption accelerates, these modules are essential for vehicle-to-vehicle and vehicle-to-infrastructure communication. Ramp-up of production will be in 2026. The expected revenues of $250 million will be delivered within 7 years or faster. Kontron is the only European 5G modules supplier worldwide. The achievement was supported by Kontron's strategy, announced in September 2024, to develop and manufacture 5G modules entirely in Europe. Kontron ensures compliance with the strictest European regulations at a time when the origin and security of technologies are becoming increasingly important. This move is promoting Europe's technological independence and increasing the stability of the supply chain. "We are excited to further expand our presence in the automotive market with this major contract," said Hannes Niederhauser, CEO of Kontron AG. "Our 5G IoT technology, developed and manufactured exclusively in Europe, is key to enabling the next generation of connected and autonomous vehicles as the automotive sector increasingly relies on 5G for faster and safer data communication." The market for 5G automotive NAD modules is expected to reach a cumulative volume of more than $10 billion by 2030. Kontron is well-positioned to meet the growing demand for vehicle electrification, connectivity, and automation. This contract further solidifies Kontron's role in the global automotive supply chain and reinforces its reputation for technological excellence and customer-focused innovation. As the industry evolves, Kontron's solutions will continue to drive improvements in safety, efficiency, and the overall driving experience.
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About Kontron Kontron AG (www.kontron.com, ISIN AT0000A0E9W5, WKN A0X9EJ, KTN) is a leading IoT technology company. For more than 20 years, Kontron has been supporting companies from a wide range of industries to achieve their business goals with intelligent solutions. From automated industrial operations, smarter and safer transport to advanced communications, connectivity, medical, and energy solutions, the company delivers technologies that add value for its customers. With the acquisition of Katek SE in early 2024, Kontron significantly strengthens its portfolio with the new GreenTec division, focusing on solar energy and eMobility, and grows to around 7,000 employees in over 20 countries worldwide. Kontron is listed on the SDAX® and TecDAX® of the German Stock Exchange.
Media Contacts
All rights reserved. Kontron is a trademark or registered trademark of Kontron AG. All data is for information purposes only and not guaranteed for legal purposes. Information in this press release has been carefully checked and is believed to be accurate; however, no responsibility is assumed for inaccuracies.
20.02.2025 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group. |
Language: | English |
Company: | Kontron AG |
Industriezeile 35 | |
4020 Linz | |
Austria | |
Phone: | +43 (732) 7664 - 0 |
E-mail: | ir@kontron.com |
Internet: | https://www.kontron.com |
ISIN: | AT0000A0E9W5 |
WKN: | A0X9EJ |
Indices: | SDAX, TecDAX |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; BX, Vienna Stock Exchange (Vienna MTF) |
EQS News ID: | 2088753 |
End of News | EQS News Service |
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2088753 20.02.2025 CET/CEST
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Kontron | 20,80 | -0,86% |
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