StrongPoint ASA (STRO)

Overview

StrongPoint ASA is a Norway-based retail technology company that has carved a niche in providing solutions that enhance store efficiency, improve shopping experiences, and optimize online grocery operations. Established in 1985, the company boasts over 40 years of experience in developing and selling integrated technologies designed for e-commerce fulfillment and in-store management. It operates across various segments, including Retail Technology and Labels, and has established a presence in more than 25 countries, predominantly in Scandinavia and international markets. The company's innovative offerings have enabled it to support daily operations for 5.5 million users, focusing on innovation and customer-centric solutions that streamline processes such as checkout, payment, shop floor tasks, and last-mile delivery. In 2015, StrongPoint ASA rebranded from PSI Group ASA to reinforce its leadership in retail technology.

Products and Services

• Manual Order Picking Solution: Recognized as the world's fastest manual order picking solution, this product enhances efficiency in fulfilling customer orders, reducing labor time while maximizing accuracy.
• AutoStore: This award-winning technology is specifically designed for the storage and retrieval of frozen goods, optimizing space and improving operational efficiency in grocery logistics.
• CashGuard: A high-capacity cash management solution that helps retailers manage cash flow securely and efficiently, minimizing risk and reducing the burden of cash handling in stores.
• Electronic Shelf Labels: These labels automate pricing updates and inventory management on shelves, providing real-time data and improving pricing accuracy for retailers.
• Self-Checkout Systems: Designed to streamline the checkout process, these systems enable customers to complete transactions independently, enhancing the shopping experience while reducing wait times.
• Temperature-Controlled Grocery Lockers: These lockers are used for convenient pick-up of online grocery orders, ensuring that perishable goods are kept at the appropriate temperatures for customers.
• Autonomous Mobile Robots: Developed to support warehouse operations, these robots assist in inventory management and order fulfillment by navigating autonomously within retail environments.
• Humanoid Grocery Robots: In partnership with Halodi Robotics, these robots are designed to assist in shopping tasks and enhance customer service, contributing to a more interactive shopping environment.
• Scales and Wrapping Systems: Essential tools for grocery and retail operations, these systems facilitate product weighing and wrapping, streamlining the packaging process for various goods.
• Warehouse Management Solutions: These provide comprehensive systems for managing inventory and logistics in warehouse settings, ensuring efficiency and accuracy in order fulfillment.
• Shop Fitting Services: StrongPoint enhances retail spaces with professional shop fitting services, ensuring optimal layout and design that improves customer flow and shopping experience.
• Self-Adhesive Labels: Offering design and printing capabilities, these labels are essential for product identification and branding across a variety of retail sectors, including grocery, pharmacy, fashion, sports, and DIY.