(Rælingen, Norway, June 22nd, 2020): StrongPoint ASA and Sberbank, the largest bank in Russia, has signed a new General Agreement for up to 357 Cash-In-Transit cases (CIT).

"The CIT-market has been affected by a decline in retail business in general due to COVID-19. With that backdrop, we are very pleased that the activity in Sberbank requires additional CIT-cases. I am in particular proud of our sales representatives’ dialogue with Sberbank, and of the trust and confidence given us by one of Europe's leading financial institutions. Our partnership with Sberbank underlines their dedication for ensuring the highest possible security level when transporting cash between the cash centre and the pick-up location,” says Jacob Tveraabak, CEO of StrongPoint.

StrongPoint has signed a general agreement for up to 357 CIT cases to Sberbank. Sberbank is the largest bank in Russia with 14 000 branches in 83 regions. The cases are expected to be delivered during Q3 2020. Key account management, deliveries, support and service is handled by StrongPoint’s Cash Security office in Russia.

ENDS

For additional information please contact:

Jacob Tveraabak
CEO, Strongpoint ASA
Mail: jacob.tveraabak@strongpoint.com

Phone: +47 908 21 370

Hilde Horn Gilen
CFO, StrongPoint ASA
Mail: hilde.gilen@strongpoint.com
Phone +47 920 60 158

About StrongPoint | www.strongpoint.com

StrongPoint is driving productivity for European retailers by providing innovative, integrated technology solutions for multi-channel retailing based on long-standing relationships with customers and partners. StrongPoint is also a leader in IBNS solutions for Cash-In-Transit (Cash Security), and Labels for customers in Norway and Sweden. StrongPoint offers best-in-class service and consultancy expertise through its team of 520 employees in Norway, Sweden, the Baltics, France, Belgium, Spain and Russia. StrongPoint is headquartered in Rælingen, Norway, and listed on the Oslo Stock Exchange (ticker: STRONG).

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.