24.10.2022 08:00:00 CEST | StrongPoint | Additional regulated information required to be disclosed under the laws of a member state (Oslo ,24 October 2022 ) StrongPoint (ticker: STRO), a leading grocery retail technology provider, has been chosen to design and install the world's firstAutoStore solution purpose built for food management with three temperature zones: ambient, chilled and now, frozen. StrongPoint isAutoStore's first and only grocery-focused distribution partner.AutoStore , the robot technology company that invented, and continues to pioneer, Cube Storage Automation, has recently developed a unique solution to automate the storage and retrieval of frozen items. Previously,AutoStore's solutions have only covered two temperature zones, chilled and ambient. Most grocery retailers have been using manual picking for frozen items when automating their e-grocery fulfilment services, an essential product segment for grocery retailers. StrongPoint will design and install theAutoStore solution for the Norwegian food distribution company, DLVRY, in a facility based in Sveio,Norway . The project is worth approximatelyEUR 2.5 million and installation is set to start in Q1 2023. "Managing grocery retail supply chains comes with unique challenges and demands specialized knowledge. The multi-temperature grid is one of our latest innovations, and we are excited to share this technology with our partners and customers. Our goal is to expand further within the grocery retail space," saysAutoStore CEO, Karl Johan Lier. "This is a proud day for StrongPoint as we have the honour to design and install the world's first truly fully integrated food basedAutoStore -system that can handle all three temperature zones needed for grocery retail. We look forward to leveraging our 35+ years' collective experience to create a solution that is purpose-built for food distribution at the highest possible levels of efficiency," says StrongPoint CEO,Jacob Tveraabak . About StrongPoint StrongPoint is a grocery retail technology company that provides solutions to make shops smarter, shopping experiences better and online grocery shopping more efficient. With over 500 employees inNorway ,Sweden , the Baltics,Spain , theUK andIreland and together with a wide partner network, StrongPoint supports grocery and retail businesses in more than 20 countries. StrongPoint provides in-store cash management and payment solutions, electronic shelf labels, self-checkouts, click & collect temperature-controlled grocery lockers, in-store and drive-thru grocery pickup solutions and, grocery order picking solutions, both manual and automated. StrongPoint is headquartered inNorway and is listed on theOslo Stock Exchange with a revenue of ?1bn NOK [ticker: STRO] AboutAutoStore AutoStore , founded in 1996, is a robot technology company that invented, and continues to pioneer, Cube Storage Automation - the densest product/inventory storage solution in existence. The company's focus is to marry software and hardware with human abilities to create the future of warehousing.AutoStore is global, with more than 950 systems installed in +45 countries over a wide range of industries. All sales are designed, installed, and serviced by a network of qualified system integrators - whichAutoStore calls 'partners'. The company headquarters is inNedre Vats ,Norway , with offices inOslo (Norway ), theU.S. ,UK ,Germany ,France ,Spain ,Italy ,Austria ,South Korea ,Japan , andSingapore . Learn more at www.autostoresystem.com - http://www.autostoresystem.com 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, hilde.gilen@strongpoint.com ATTACHMENTS Download announcement as PDF.pdf - https://kommunikasjon.ntb.no/ir-files/17847450/1827/2470/Download%20announcement %20as%20PDF.pdf
Click here for more information
© Oslo Bors ASA, source