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2021-07-05

StrongPoint signs long-term agreement with REMA 1000 to supply CashGuard Cash Management solutions

(Oslo, July 5, 2021) StrongPoint has today, following a tender process, signed a new agreement with Norwegian grocery retailer REMA 1000 to be the sole provider of cash management solutions over the next 5 years. REMA 1000 has indicated that the number of units needed will be in between 200 and 1,000 and the agreement includes the supply, installation, and support of StrongPoint’s cash management solution CashGuard.

“We are proud to have won a tender by a leading grocery retailer and look forward to a successful roll-out. Cash is used significantly less in Norway than in other markets but retailers continue to see the need for efficient in-store cash management solutions that simplifies cash sales, reduces risk and frees up store staff to focus on customer service,” said Jacob Tveraabak, CEO of StrongPoint ASA.

 



 

Disclosure regulation

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

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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 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].

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