FlexQube receives orders worth $600 000 in Mexico

FlexQube has received two orders worth a total of $600 000. The orders are for mechanical carts in combination with the tugger train solution under the brand of Liftrunner. The orders will be delivered in 2023.

Anders Fogelberg, CEO comments; ”The investments in Mexico continue at a high pace for most companies, and the need for carts and efficient transport solutions is big. It is not just the automotive industry that is driving the investments in new plants but also other general manufacturing industry. Mexico is one of our absolute strongest markets lately, and we look forward to continuing our high activity in the country. Through our distribution agreement with Liftrunner products, we have a strong offering and concept for modern intralogistics.”

About FlexQube

FlexQube is a technology company headquartered in Gothenburg, Sweden with subsidiaries in USA, Mexico, Germany and England. FlexQube offers solutions for cart-based material handling using a patented modular concept. FlexQube develops and designs customized solutions for both robotic and mechanical cart logistics. Through the own developed and unique automation concept FlexQube can offer robust and self-driving robotic carts. FlexQube has more than 900 customers in 36 countries with primary markets being North America and Europe.

FlexQube’s customers can be found within the manufacturing industry, distribution- and warehousing. Some examples of major customers are Amazon, Volvo Cars, Siemens, Autoliv, Scania, Oda 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 is the Company’s Certified Adviser. Read more at www.flexqube.com

This information is insider information that FlexQube AB (publ) is obliged to disclose in accordance with EU Market Abuse Regulation. The information was provided by the above contact persons for publication on November 23, 2022 at 13:00 CET.