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Strongpoint $STRO huge rally after strong newsflow

OSL:STRO   STRONGPOINT ASA
Delivery platform unicorn Glovo chooses StrongPoint as preferred supplier for grocery picking solutions

StrongPoint today announces that Glovo, the on-demand meal and grocery delivery platform available in 22 countries and one of Europe’s leading technology unicorns (a valuation of over USD 1 billion), has chosen StrongPoint as a preferred supplier for grocery picking technology.

Glovo plans to use StrongPoint’s picking solution to empower its grocery partners with a faster, more efficient and accurate way of processing online orders – saving time and cutting costs. The project will begin in Q1 in Southern Europe and the intent is to later deploy StrongPoint’s technology to also other countries in which Glovo is operating. Glovo provides on-demand groceries via its retail grocery partners which include Walmart, Carrefour and Spar.

“Our customers expect us to be effective and efficient, delivering orders with speed and accuracy. StrongPoint has a proven track record of supplying retailers and grocery stores with highly efficient picking solutions that make fulfilling online orders faster. Every day we are onboarding more grocery store partners and we want to provide them with the easiest way to pick and pack the groceries orders so we can deliver it to the customer as quickly as possible,” said Daniel Alonso, Vice President of Q-Commerce at Glovo.

“We are extremely proud that our world-class grocery picking solution has been recognised by the tech unicorn and delivery platform Glovo and look forward to empowering their grocery retail partners with our technology. For grocery retailers the key to e-commerce profitability is making the logistics of processing online orders as fast and efficient as possible – which is exactly what our technology enables,” said Jacob Tveraabak, CEO of StrongPoint.

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StrongPoint is a Norwegian company that improves the way retailers do business, the company is organized in two business areas; Retail Technology and Labels.

StrongPoint provides retailers with integrated technology solutions that increase productivity and improve the shopping experience in stores and
online. The Labels business area offers adhesive labels for any product and application.

Recently, the companys stock has skyrocketed after very strong newsflow.

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