PSI Group ASA's business area Retail Solutions has signed a framework agreement for the delivery, installation and service of Pricer's electronic shelf labels to a grocery chain in Norway. The deliveries could start in the 2nd quarter.
Retail Solutions is the largest supplier and systems integrator of retail technology to the retail sector, convenience stores and specialist stores in the Nordic.
Pricer's technology enables, through an IR based wireless infrastructure, all paper-based price labels on retailers' shelves to be replaced by small electronic chips. These small computer screens / pieces, at the size of a paper-based price label, automatically obtains price information from the same database that is used when goods are scanned at checkout.
There will therefore never occur a difference between the prices on the shelves and prices scanned at the checkout point. Furthermore, prices can change on one or more items, in one or more stores or at all the chain's stores, with one keystroke.
"We have worked hard for one year to prepare, test and verify the Pricer concept at the client's merchants in cooperation with chain management," says CEO of PSI Group Jørgen Waaler.
For further information, please contact:
Jørgen Waaler
CEO, PSI Group ASA
Tel +47 47 905 90 010
About PSI Group
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 314 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 pursuant to section 5-12 of the Norwegian Securities Trading Act.