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23 December 2021

Oda places order worth approximately 750 000 EUR

Norwegian based company Oda, a leading company for online sales of groceries, has placed another order with FlexQube worth approximately 750 000 EUR. The delivery will take place during the first half of 2022 to a new site in Norway. 

CEO Anders Fogelberg comments: ”The large order, worth approximately 1.2 MEUR, that was accounced on December 22nd is now followed by another large order from Oda. These two orders combined means that the order intake in the fourth quarter just from Oda will reach almost 20 MSEK, which is fantastic.

The previously communicated framework agreement with Oda does not state any volume obligations for Oda but is mainly regulating the price predictability for both parties and that Oda is commited to buy the material handling carts from FlexQube. Since the order intake from Oda is now 20 MSEK, just one month after the agreement was signed, I estimate that the framework agreement will lead to higher volumes than the 40 MSEK, that was communicated when announcing the agreement on November 25th 2021, in the coming four years.”

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 23, 2021 at 13:30 CET.