FlexQube receives orders worth $220 000 from Siemens in California

Siemens Mobility Inc., a manufacturer of light rail and streetcars, commuter and regional passenger trains, and locomotives in Sacramento, California, order additional material handling carts from FlexQube. The carts will be delivered during the first quarter of 2021. Siemens in Sacramento has been a customer of FlexQube since 2017 and have continuously increased their fleet of carts, and the total number of carts delivered by FlexQube in use at the plant is now above 1000. Siemens ordered a batch of carts worth $200 000 of the same type at the end of the third quarter in 2020 as well.

Anders Fogelberg, CEO at FlexQube, comments: “We are glad to see that Siemens keep adding carts from us to their plant. From the start of our deliveries to Siemens in Sacramento in 2017, we have also increased our footprint within Siemens with several deliveries of carts to their sister plant in Germany. This type of project, where we can deliver a broad palette of applications for intralogistics operations, are great for building our brand as the market-leading company in terms of innovative material handling solutions for internal logistics.”

About Siemens Integrated Mobility Solutions

Siemens Mobility Division provides efficient and integrated transportation of people and goods by rail and road – including rolling stock, rail automation, rail electrification, intelligent traffic systems and service. Siemens designs and manufactures across the entire spectrum of rolling stock, including commuter and regional passenger trains, light rail and streetcars, metros, locomotives, passenger coaches and high-speed trainsets. Cities and Railroads also rely on Siemens to provide traction-power substations and electricity transmission, as well as signaling and control technology for freight and passenger rail and transit systems.

About FlexQube

FlexQube offers a unique and patented concept that is used to design and deliver robust, modular and flexible material handling carts that can also run autonomous. The company has manufacturing in Sweden and USA and distribution in North America and in Europe. On December 14, 2017, the company was listed on the Nasdaq First North in Sweden.

FlexQube has some of the world’s largest manufacturers within automotive-, energy-, defense-, aerospace-, home appliances-, and construction machinery among their customers. Some examples are Volvo Cars, Siemens, Autoliv, Scania, Whirlpool, Eberspächer 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