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6 May 2022

L’Oréal place order for robotic carts from FlexQube worth $290 000

FlexQube has received an order for eQart® Line Robots from L'Oréal in USA worth $290 000. The robots will be deployed in one of the distribution centers of L'Oréal during the third quarter of 2022.

CEO Anders Fogelberg comments: “This is the second large order we get in a rather short time frame for eQart® Line on the US market and we feel that this is a break-through for the acceptance of our modular approach to AGVs. An affordable and user-friendly automation concept with extremely short implementation time. We take another step on our journey to become a recognized robotics company and I look very much forward to see these robots in use at L'Oréal.”

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 850 customers in 35 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 Tesla, Amazon, 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

This information is insider information that FlexQube AB (publ) is obliged to disclose in accordance with EU Market Abuse Regulation. The information was provided by the above contact persons for publication on May 6, 2022 at 07:30 CET.