StrongPoint ASA: StrongPoint signs 1.7 MGBP contract with leading UK grocery retailer

StrongPoint ASA: StrongPoint signs 1.7 MGBP contract with leading UK grocery retailer

17 Aug 2022 09:52 CEST

17.8.2022 09:52:26 CEST | StrongPoint | Additional regulated information
required to be disclosed under the laws of a member state

(Oslo, August 17, 2022) StrongPoint, a grocery technology provider, has received
an order from a leading UK-based grocery retailer for a checkout conversion
solution. The value of the contract is approximately 1.7 MGBP. The project is
led by ALS StrongPoint, StrongPoint's UK business unit.

The checkout conversion solution allows a staffed checkout to be also used by
customers as if it was a self-service checkout. This helps stores leverage
existing assets and gives them greater flexibility in how they serve their
customers. The unique solution was designed and developed by ALS StrongPoint in
close collaboration with the customer over the last 2.5 years.

"We are proud to continue to serve one of the top UK retailers. StrongPoint has
a proud reputation of listening to grocery retailers and developing cutting edge
innovative solutions tailor made to solve their problems and create better
customer experiences. That this is a unique solution designed by our newly
acquired UK division is a testament to their amazing fit into the StrongPoint
family," said Jacob Tveraabak, StrongPoint CEO.

The installation will be rolled out over two phases. One third will be delivered
and installed before end Q4 2022 and two thirds will be delivered and installed
in Q1 2023. The scope of the project is expected to increase following the
successful completion of the contract as the customer decides to roll-out the
solution to more of its stores.

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,
[email protected]

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 500 employees in Norway, Sweden, the Baltics, Spain, the UK and
Ireland 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/17847450/1665/2234/Download%20announcement
%20as%20PDF.pdf

More information:
Access the news on Oslo Bors NewsWeb site

568804_en_Download announcement as PDF.pdf

Source

StrongPoint ASA

Provider

Oslo Børs Newspoint