Frode Arnesen is currently Director of Business Administration with Siemens AS, division Automation&Drives. He has held various managerial positions with Siemens and Fujitsu Siemens Computers for 12 years and has also a background as an army officer. Mr Arnesen holds a degree in business administration from the Norwegian School of Economics and Business Administration and is also a graduate from the Norwegian Army War College.

"Frode Arnesen has a strong track record in the areas of financial control and industrial processes. His experience will be extremely valuable to Simtronics, which faces a period of integration and synergy development after a number of successful acquisitions," said Simtronics CEO Rune Martini.

Frode Arnesen is expected to take up his new duties in May. Simtronics' current CFO, Pål Selboe-Valseth, will leave the Company at the end of March.

For further information please contact:

Rune Martini, CEO Simtronics ASA,
Phone +47 48 07 80 80

Simtronics ASA (Oslo Stock Exchange: SIMTRO) works to prevent disasters from happening. The company is an international supplier of fire and gas safety systems, active fire fighting solutions and fire prevention systems. Simtronics' flame and gas detectors represent the most accurate, reliable and robust safety technology available. The Company's products are used by the oil and gas industry as well as in shipping, petrochemical and other process industries and in mining. Simtronics has a well established market base in Europe with Norway, France, UK and Germany as the single most important markets. Simtronics' heritage goes back to 1948.