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29 July 2021

FlexQube wins first order for the Chinese market

A company that manufactures wind turbines has placed an order worth €63 000 for one of their plants in China. The order is placed by an existing customer that has been using FlexQube carts in other plants in Europe and North America for several years. The order will be delivered during the third quarter.

CEO Anders Fogelberg comments; “Asia and specifically China is obviously a huge market opportunity for us, and we have previously said that when someone of our existing customers wants us to deliver to their units over there, we will stand ready and grasp that opportunity.

Even if we are early in our expansion to Asia we have already performed several activities aimed at increasing the awareness about us and to create the right conditions in order to deliver customers in Asia.

We are actively evaluating the strategy concerning supplier relations and sourcing possibilities, especially for electronic components to the eQart. This order comes handy to us in the further exploration to increase our exposure in the region.”

About FlexQube

FlexQube is a technology company headquartered in Gothenburg, Sweden with subsidiaries in USA, Mexico, Germany and England. FlexQube offers solutions for cart-based material handling using a patented modular concept. FlexQube develops and designs customized solutions for both robotic and mechanical cart logistics. Through the own developed and unique automation concept FlexQube can offer robust and self-driving robotic carts. FlexQube has more than 800 customers in more than 30 countries with primary markets being North America and Europe.

FlexQube’s customers can be found within the manufacturing industry, distribution- and warehousing. Some examples of major customers are Volvo Cars, Siemens, Autoliv, Scania, Oda and Mann+Hummel.

For more information, contact the CEO, Anders Fogelberg

anders.fogelberg@flexqube.com

+46 702 86 06 74

The share (FLEXQ) is traded on Nasdaq First North. FNCA Sweden AB, telephone +46 8-528 00 399, is the Company's Certified Adviser. Read more at www.flexqube.com