StrongPoint

StrongPoint ASA: leading retail chain in Baltics orders 2 MEUR of self-checkouts from StrongPoint

4.3.2022 13:02:27 CET | StrongPoint | Additional regulated information required

to be disclosed under the laws of a member state

(Vilnius, Lithuania, March 04, 2022): StrongPoint has today signed a new

agreement with the retail chain Palink (part of REWE Group) to supply and

install Self-Checkout solutions for around 2 MEUR.

Palink, who is managing "IKI" brand stores in Lithuania, was the first to

introduce self-checkouts to the region. The company is actively expanding its

self-checkout network already for several years with StrongPoint delivering

instalments. The estimated value of the agreement is around EUR 2 million,

excluding the cost of installation and future technical support.

"We are pleased that our partnership continues and we could bring our input to

Palink delivering convenient and efficient shopping journey to its customers.

This agreement demonstrates that the need to ensure a safe, smooth and fast way

of shopping is still key demand by customers. And self-checkouts deliver it"

says Jacob Tveraabak, CEO of StrongPoint.

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,

ABOUT STRONGPOINT

StrongPoint is a retail technology company that provides solutions to make shops

smarter, shopping experiences better and online grocery shopping more efficient.

With over 400 employees in Norway, Sweden, the Baltics and Spain and together

with a wide partner network, StrongPoint supports businesses in more than 20

countries. StrongPoint provides in-store cash management and payment solutions,

electronic shelf labels, self-checkouts, task and labor management software,

click & collect temperature-controlled grocery lockers, in-store and drive-thru

grocery pickup solutions and grocery order picking solutions. StrongPoint is

headquartered in Norway and is listed on the Oslo Stock Exchange with a revenue

of 1bn NOK [ticker: STRO].

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847450/1252/1672/Download%20announcement

%20as%20PDF.pdf

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