PSI Group ASA : Frame agreement with Posten Norge AS on self-adhesive labels

PSI Group ASA subsidiary, PSI Systems AS has today entered into an frame agreement with Posten Norge AS regarding delivery of several types of self-adhesive labels for use in Posten's production.
The agreement has a term of three years with an option for further one year. The agreement is made on the basis of commercial terms, technical assistance and delivery excellence.

"This is a very important deal for us, and it will represent a significant portion of the company's label sales," says Jørgen Waaler, CEO of PSI Group ASA. "At the same time, the increased focus on quality and increased capacity utilization will contribute very positively to our production facilities at Tangen," concludes Waaler.

About Posten Norge AS
Posten Norge AS is a Nordic postal and logistics group that develops and delivers integrated solutions within postal, communications and logistics, with the Nordic as home market.


About PSI Group ASA
PSI Group is a leading global provider of the market's most reliable cash handling solutions and the leading systems integrator of retail technology solutions in Norway and Sweden. PSI Group is headquartered in Rælingen (Norway) and has 311 employees in Scandinavia and Europe. The company is listed on the Oslo Stock Exchange.

For further information: www.psigroup.no


This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)