Simrad Optronics - New Contract Extended

OSLO, Norway, Dec 17, 2007 - (Hugin via ABN Newswire) - Simrad Optronics ASA has received a new order for laser target designators from the Swedish armed forces with a value of NOK 10 million.

The contract is an extension of the NOK 116 million contract with the Norwegian and Swedish armed forced announced December 10. The Swedish armed forces have decided to use the option of purchasing 10 laser target designators with a contract value of NOK 10 million, with delivery during the next three years

For further information, please contact:

Jon Asbjørn Bø, CEO, (+47) 930 86 932 E-mail: jab@simrad-optronics.no.

Homepage: www.simrad-optronics.no

Copyright © Hugin ASA 2007. All rights reserved.

Simrad Optronics

http://www.simrad-optronics.com

ISIN: NO0005396200

Stock Identifier: OSE.SIT