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STRO: StrongPoint invests in and partners with Halodi Robotics

07:30 / 3 March 2021 StrongPoint Press release

3.3.2021 07:30:00 CET | StrongPoint | Non-regulatory press releases

(Oslo, March 3, 2021), StrongPoint, a leading provider of grocery retail
technology solutions, is pleased to announce it has invested in and formed a
strategic partnership with Halodi Robotics. Halodi is a leading provider of
humanoid robots and will together with StrongPoint develop an in-store grocery
retail robotics solution. The value of the partnership is approximately NOK 8
million, with half being allocated to research and development in the project,
and half as a direct investment in Halodi Robotics.

The aim of the partnership is to develop a robotic solution for the grocery
retail sector that will help staff with repetitive tasks, so they can focus on
more complex tasks and spending time with customers.

"At StrongPoint we believe that technology is an important part of the solution
for boosting in-store efficiency and productivity. We have a long history and a
proud reputation of providing cutting-edge and world class technology solutions
to our grocery retail customers and through this partnership we look forward to
developing, together with Halodi Robotics, technology solutions for the future,"
said Jacob Tveraabak, Chief Executive Officer of StrongPoint.

As part of the partnership, StrongPoint will become the exclusive distributor in
key areas of Europe of the jointly developed solutions and is aiming to initiate
talks with selected leading grocery retailers to pilot and collaborate on the

"We are extremely proud to be partnering with StrongPoint on this project. Their
team brings decades of experience and knowledge of the grocery retail sector
which is where we see huge opportunities for the use of robotics in stores,
supporting staff," said Bernt Børnich, Chief Executive Officer of Halodi

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 450 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 cash management and payment solutions,
electronic shelf and adhesive labels, click & collect temperature-controlled
grocery lockers, self-checkouts, and in-store and warehouse grocery picking
solutions. StrongPoint is headquartered in Norway and is listed on the Oslo
Stock Exchange with a revenue of 1,1bn NOK [ticker: STRO].

About Halodi Robotics

Halodi Robotics develops and sells the world's most capable humanoid robots and
core robotics technologies, with the goal of disrupting health care, patrolling,
retail, and the consumer market. Headquartered in Moss, Norway, Halodi Robotics
also has offices in Montreal, Canada and Oakland, California. The company has
developed game changing IP to enable truly capable, safe, and affordable robots.
Due to our Revo1 drive system with in-house developed motors and close to
frictionless transmissions, this enables the world's first human strength direct
drive robot that operates silently and can safely interact with people.


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


Download announcement as PDF.pdf -
Oslo Børs

This information was distributed by Oslo Børs