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22 December 2021

Oda places order worth approximately 1.2 MEUR

Norwegian based company Oda, a leading company for online sales of groceries, is continuing its expansion with new distribution sites and has therefore placed an order for material handling equipment with FlexQube worth approximtaley 1.2 MEUR. The delivery will take place during the first half of 2022 to two new sites in Germany. 

CEO Anders Fogelberg comments: ”This is our single largest order so far and is based on the partner agreement we signed in November between Oda and FlexQube. I am very happy, that we through our concept, will help Oda to run the world’s most efficient picking operations of groceries.

We are continuing to build a strong market position with robotized and mechanical cart logistics both in the manufacturing industry with e.g., Tesla, Siemens and Mann+Hummel, as well as for distribution- and e-commerce with e.g., Oda and Amazon.”

About Oda

Oda is a technology company based in Norway focusing on e-commerce of groceries. The company was founded in 2013 and is owned by Kinnevik, Softbank, Prosus and REMA 1000. The company is valued at 10.2 billion SEK and has the world’s most efficient picking operations with a UPH (units per hour) at 212. The first facility was built in Lørenskog outside Oslo, Norway in 2015 and Oda is currently building new warehouses in Finland and Germany.

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 December 22, 2021 at 09:00 CET.