StrongPoint

Regulatory Filings • Sep 1, 2021

StrongPoint Becomes Distributor of AutoStore

StrongPoint Becomes Distributor of AutoStore

1.9.2021 18:00:01 CEST | StrongPoint | Inside information

(Oslo, September 1st, 2021) StrongPoint ASA, a leader in grocery retail

technology, announces it has signed a partnership agreement to become a Nordic

and Baltic regional distributor of Autostore's innovative fulfilment solutions

for retailers. AutoStore's cubic storage solutions use pioneering robotic and

software technology to redefine how warehouses store goods and retrieve items

for delivery, enabling retailers to scale efficiently.

"We are proud to partner with AutoStore and bring their micro-fulfillment

solutions to more grocery retailers. That StrongPoint has been chosen as a

partner is a testament to our grocery retail expertise, world-class e-commerce

solutions and deep and long-standing customer relationships. We now provide a

full end-to-end grocery e-commerce offer with our own world-class proprietary

technologies and the world's leading supplier of micro-fulfillment solutions,"

said StrongPoint CEO Jacob Tveraabak

"AutoStore is delighted to partner with StrongPoint, who so clearly sees the

potential in micro fulfillment. Together, we are well positioned to deliver on

the ongoing transformative phase for the Nordic and Baltic markets," said CEO of

AutoStore, Karl Johan Lier.

AutoStore currently has a global blue-chip customer base with more than 600

installations and 20,000 robots across 35 countries. Its automated storage and

retrieval systems, coupled with its proprietary software, provide customers with

high throughput, enhanced configurability and high levels of flexibility to

serve the increasing demands of today's supply chains. AutoStore's innovative

cubic design allows customers to either store four times the inventory in the

same space, or all of their existing inventory in 25% of the space. AutoStore's

solutions thus "redefine space."

The partnership is focused on the grocery retail sector where automation through

micro-fulfillment, often known as MFCs, is today a part of grocery retailers'

long-term e-commerce strategy.

Grocery retailers face unique profitability challenges while fulfilling

e-commerce orders due to the complexity and variety of orders, labour-intensive

nature of the industry and fast changing consumer habits. Automation is an issue

high on the agenda for grocery retailers looking to maximise efficiency for

their online offer and add additional capacity to their existing in-store or

dark store manual order picking.

"StrongPoint now offers grocery retailers a fully integrated and flexible order

fulfilment solution that suits any grocery retailer's online strategy. By

offering instantly deployable manual order picking technology, long-term

automation and multiple last mile and click and collect options, grocery

retailers can access tailor-made solutions wherever they are on their e-commerce

journey," added Tveraabak.

StrongPoint's grocery e-commerce solution includes:

* Order picking for in-store picking, dark store picking and manual picking

* Multiple last mile options including home delivery, drive-thru with licence

plate recognition and temperature-controlled grocery lockers

* Software to manage the entire workflow for maximum efficiency

* Automated picking with AutoStore's micro-fulfillment solutions integrated

into the grocery retailer's overall e-commerce solution

To support the partnership and implementation, StrongPoint is being assisted by

Marie-Axelle Loustalot-Forest, a leading e-commerce retail expert with over 20

years' experience in the industry including as the global Chief Commercial

Officer at Ocado Solutions.

The partnership with AutoStore is a further step towards StrongPoint's 2025

strategy by focusing on e-commerce order fulfillment. Robotics and automation

are integral to the long-term strategy of grocery retailers looking to drive

further efficiency savings in-store and online.

About StrongPoint | www.strongpoint.com - http://www.strongpoint.com

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].

About AutoStore | www.autostoresystem.com - http://www.autostoresystem.com

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

continues to pioneer, Cube Storage Automation - the densest storage and order

fulfilment solution in existence. The company's focus is to blend software and

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

solutions are appreciated worldwide, with more than 600 systems installed in

over 35 countries within a wide range of industries. All sales are designed,

installed and serviced by a network of qualified system integrators - called

"AutoStore Partner". The company headquarter is in Nedre Vats (Norway), with

additional offices in Oslo (Norway), U.S., UK, Germany, Austria, France, Spain,

Japan and Korea.

DISCLOSURE REGULATION

This information is considered to be inside information pursuant to the EU

Market Abuse Regulation and is subject to the disclosure requirements pursuant

to section 5-12 of the Norwegian Securities Trading Act. This stock exchange

announcement was published by Ann Merete Stabell, group controller in

StrongPoint ASA, on 01 September 2021 at 18:00 CET.

CONTACTS

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

hilde.gilen@strongpoint.com

* Jacob Tveraabak, CEO StrongPoint ASA, +47 908 21 370,

jacob.tveraabak@strongpoint.com

ATTACHMENTS

Download announcement as PDF.pdf -

https://kommunikasjon.ntb.no/ir-files/17847450/817/1072/Download%20announcement%

20as%20PDF.pdf

Picture.pdf -

https://kommunikasjon.ntb.no/ir-files/17847450/817/1071/Picture.pdf