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StrongPoint ASA: NorgesGruppen orders 120 MNOK of StrongPoint's cash management solution CashGuard

12:50 / 30 April 2021 StrongPoint Press release

30.4.2021 12:50:49 CEST | StrongPoint | Inside information

(Oslo, April 30, 2021) StrongPoint has today signed a new agreement with
NorgesGruppen, the largest grocery retailer in Norway, to supply and install
multiple CashGuards, StrongPoint's cash management solution, throughout one of
NorgesGruppen's grocery store brands. The CashGuards will be replacing older
cash management equipment that had previously been installed by StrongPoint and
was nearing the end of its life cycle.

The value of the order is approximately NOK 120 million, excluding the cost of
installation and future technical support. The CashGuards will be delivered and
installed to NorgesGruppen stores between Q3 2021 and Q4 2022.

"We are pleased that NorgesGruppen continues to invest in StrongPoint's
CashGuard cash management solution. This agreement demonstrates the continued
need to ensure the smooth, safe, and efficient handling of cash in stores.
StrongPoint's CashGuard is one of the leading cash management solution on the
market, and is renowned for its quality, reliability and security," said Jacob
Tveraabak, CEO of StrongPoint ASA.


This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.


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


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 self-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].


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Oslo Børs

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