StrongPoint

Major Swedish grocery retailer renews and expands its e-grocery technology contract with StrongPoint

23.12.2021 12:22:40 CET | StrongPoint | Additional regulated information

required to be disclosed under the laws of a member state

(Oslo, December 23, 2021) StrongPoint, a leading provider of grocery retail

technology, has renewed and expanded its contract with a major grocery retailer

in Sweden, to provide e-grocery technology for a further 5 years.

StrongPoint currently provides multiple technologies for the grocery retailer's

e-commerce offering, including its Order Picking solution used in both stores

and dark stores and, last mile solutions.

The new contract will start on 1st January 2022 and last for 5 years.

"We are delighted that another grocery retailer continues to use and recognise

the benefits of our grocery e-commerce solutions. Globally we have an

outstanding 100% customer retention of our Order Picking solution which is

testament to the world-leading efficiency savings it provides to grocery

retailers. We are very happy to close the year on good news as some of our other

solutions continue to be negatively impacted by the global shortage of

components which influenced our 3rd quarter results and continue to negatively

impact us," said Jacob Tveraabak, Chief Executive Officer 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/17847450/1090/1458/Download%20announcement

%20as%20PDF.pdf

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