StrongPoint

Regulatory Filings • Oct 24, 2022

StrongPoint chosen to install world's first AutoStore solution with an automated frozen food zone

StrongPoint chosen to install world's first AutoStore solution with an automated frozen food zone

24.10.2022 08:00:00 CEST | StrongPoint | Additional regulated information

required to be disclosed under the laws of a member state

(Oslo, 24 October 2022) StrongPoint (ticker: STRO), a leading grocery retail

technology provider, has been chosen to design and install the world's first

AutoStore solution purpose built for food management with three temperature

zones: ambient, chilled and now, frozen. StrongPoint is AutoStore's first and

only grocery-focused distribution partner.

AutoStore, the robot technology company that invented, and continues to pioneer,

Cube Storage Automation, has recently developed a unique solution to automate

the storage and retrieval of frozen items. Previously, AutoStore's solutions

have only covered two temperature zones, chilled and ambient. Most grocery

retailers have been using manual picking for frozen items when automating their

e-grocery fulfilment services, an essential product segment for grocery

retailers.

StrongPoint will design and install the AutoStore solution for the Norwegian

food distribution company, DLVRY, in a facility based in Sveio, Norway. The

project is worth approximately EUR 2.5 million and installation is set to start

in Q1 2023.

"Managing grocery retail supply chains comes with unique challenges and demands

specialized knowledge. The multi-temperature grid is one of our latest

innovations, and we are excited to share this technology with our partners and

customers. Our goal is to expand further within the grocery retail space," says

AutoStore CEO, Karl Johan Lier.

"This is a proud day for StrongPoint as we have the honour to design and install

the world's first truly fully integrated food based AutoStore-system that can

handle all three temperature zones needed for grocery retail. We look forward to

leveraging our 35+ years' collective experience to create a solution that is

purpose-built for food distribution at the highest possible levels of

efficiency," says StrongPoint CEO, Jacob Tveraabak.

About StrongPoint

StrongPoint is a grocery retail technology company that provides solutions to

make shops smarter, shopping experiences better and online grocery shopping more

efficient. With over 500 employees in Norway, Sweden, the Baltics, Spain, the UK

and Ireland and together with a wide partner network, StrongPoint supports

grocery and retail businesses in more than 20 countries. StrongPoint provides

in-store cash management and payment solutions, electronic shelf labels,

self-checkouts, click & collect temperature-controlled grocery lockers, in-store

and drive-thru grocery pickup solutions and, grocery order picking solutions,

both manual and automated. StrongPoint is headquartered in Norway and is listed

on the Oslo Stock Exchange with a revenue of ?1bn NOK [ticker: STRO]

About AutoStore

AutoStore, founded in 1996, is a robot technology company that invented, and

continues to pioneer, Cube Storage Automation - the densest product/inventory

storage solution in existence. The company's focus is to marry software and

hardware with human abilities to create the future of warehousing. AutoStore is

global, with more than 950 systems installed in +45 countries over a wide range

of industries. All sales are designed, installed, and serviced by a network of

qualified system integrators - which AutoStore calls 'partners'. The company

headquarters is in Nedre Vats, Norway, with offices in Oslo (Norway), the U.S.,

UK, Germany, France, Spain, Italy, Austria, South Korea, Japan, and Singapore.

Learn more at www.autostoresystem.com - http://www.autostoresystem.com

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to Section

5-12 the Norwegian Securities Trading Act.

CONTACTS

* Hilde Horn Gilen, CFO StrongPoint ASA, +47 920 60 158,

hilde.gilen@strongpoint.com

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847450/1827/2470/Download%20announcement

%20as%20PDF.pdf