Trondheim, 22 March 2021: NORBIT and Fremtind Service has signed a letter of
intent for a strategic cooperation with the aim to develop future solutions for
safer traffic and simplified payment along Norwegian roads. The parties have
agreed to initiate a pilot development of a solution for automatic accident
notification. The cooperation will also include supply of NORBITŽs On-Board
Units (OBUs) to Fremtind Service.

With automatic accident notification, an alert is immediately sent to an alarm
center if a vehicle is subject to a heavy impact, such as a collision,
transmitting data including the magnitude of the impact and the location of the
vehicle. Privacy will be safeguarded by transmitting the vehicle location only
when an alarm has been triggered.

"The vision for this collaboration is to increase driver safety and simplify
payments along Norwegian roads. The collaboration with Fremtind Services fits
well with our strategy to establish long-term partnerships with companies who
have a strong position in its market domain", says Per Jørgen Weisethaunet, CEO
of NORBIT.

"Motorists in Southern Europe already have access to a range of services through
their toll subscriptions. We are confident that in collaboration with NORBIT we
can create solutions that make life safer and easier for Norwegian drivers",
says CEO of Fremtind Service Richard Vogt.


For further queries, please contact:
Per Jørgen Weisethaunet, CEO, +47 959 62 915



About NORBIT ASA
NORBIT is a global provider of tailored technology to carefully selected niches.
The company's business is structured to address its key markets