PSI Systems AS, a wholly owned subsidiary of PSI Group ASA, has today signed an exclusive agreement with yet another large grocery chain in Norway. The framework agreement which comprises deliveries and services in relation to the cash handling solutions from CashGuard, lasts for a total of 2 years and has a potential of up to 1900 CashGuard systems. This is the largest single framework agreement PSI has entered into during the past years. - This is a strong acknowledgement of CashGuard's exceptional market position with regard to technology, functionality and reliability. The agreement marks an important milestone - not just for PSI and CashGuard, but for the overall development of secure and closed cash handling solutions within grocery and retail trade. We have had very good experience with large framework agreements such as this before - with a significant deployment of CashGuard units during the contract period - and this comes as yet another confirmation of the very large demand we are experiencing entering into the new year, says Jørgen Waaler, CEO of PSI Group. In addition to a complete solution for cash handling and CashManagement, PSI will also deliver support, service and training. - This agreement also shows that the sales and growth potential in rather mature markets is large. It is both valuable and very gratifying to get yet another substantial recognition from a leading player in the grocery market, a market place where the players still remain committed to investing in technologically leading security solutions. The fact that CashGuard yet again is preferred by one of the largest chains in this field - is of great value in a market with considerable economies of scale related to larger deployments. PSI and CashGuard already have a market leading position which we will develop further going forward, concludes Jørgen Waaler. In total the group - including PSI, CashGuard and SQS - represents the leading cash handling environment internationally, both in terms of developing technology and solutions as well as secure safekeeping and transportation of cash. With several hundreds highly skilled employees, this position will be further enhanced in the time to come - both in Scandinavian, Europe and internationally. For additional information please contact: Jørgen Waaler CEO of PSI Group ASA Phone +47 905 90 010 Facts about PSI Group PSI Group is a leading global provider of closed cash handling solutions in the society and provider of retail technology for improving the efficiency of price, goods and consumer information in selected geographical areas. PSI Group is head quartered in Rælingen (Norway) and employs around 360 staff in Scandinavia and Europe. The company is listed on the Oslo Stock Exchange and Nasdaq OMX in Stockholm. For more information, see www.psi.no.
New exclusive frame agreement awarded to CashGuard by large grocery chain in Norway
| Quelle: PSI Group ASA