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StrongPoint ASA: leading retail chain in Baltics orders 2 MEUR of self-checkouts from StrongPoint

13:02 / 4 March 2022 StrongPoint Press release

4.3.2022 13:02:27 CET | StrongPoint | Additional regulated information required
to be disclosed under the laws of a member state

(Vilnius, Lithuania, March 04, 2022): StrongPoint has today signed a new
agreement with the retail chain Palink (part of REWE Group) to supply and
install Self-Checkout solutions for around 2 MEUR.

Palink, who is managing "IKI" brand stores in Lithuania, was the first to
introduce self-checkouts to the region. The company is actively expanding its
self-checkout network already for several years with StrongPoint delivering
instalments. The estimated value of the agreement is around EUR 2 million,
excluding the cost of installation and future technical support.

"We are pleased that our partnership continues and we could bring our input to
Palink delivering convenient and efficient shopping journey to its customers.
This agreement demonstrates that the need to ensure a safe, smooth and fast way
of shopping is still key demand by customers. And self-checkouts deliver it"
says Jacob Tveraabak, CEO of StrongPoint.


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 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].


Download announcement as PDF.pdf -
Oslo Børs

This information was distributed by Oslo Børs