On behalf of PSI Systems in Norway, PSI Antonson in Sweden and ScanVægt in Denmark, Repant ASA has entered into a framework agreement with Coop Trading AS for delivery of reverse vending solutions in the entire Nordic region. The agreement which runs for 3 years comprises Coop Norway, Coop Sweden and Coop Denmark. Repant will deliver vending machines to all countries following final test approval from Coop Sweden and Coop Denmark. As the leading technology and service partner for grocery and specialist trade in Scandinavia, PSI is responsible for sales, installation, service and maintenance in Norway and Sweden. The agreement is signed as part of Coop's ongoing renewal of the chains' RVM systems and means that RVM solutions with the latest technology can be installed in the chains' Nordic stores. This will simplify recycling for the end users and make it more cost efficient for the stores. In Norway the deliveries comprise Repant's newest reverse vending machine, Repant COSMOS, whereas various vending machines from Repant's portfolio are relevant for Coop in the Swedish and Danish markets. Sales and deliveries will be executed according to actual needs for replacements and new machines during the contract period. PSI Systems AS and PSI Antonson AB are wholly owned subsidiaries of PSI Group ASA and constitute one of the Group's three business areas, Retail Solutions. PSI Group's Retail Solutions is market leader in Norway and Sweden within delivery of advanced IT solutions to the retail trade sector controlling, improving, deploying and securing cash, goods and consumer information. Total revenues for this business area were NOK 430.1 million in 2008. For additional information please contact: Jørgen Waaler CEO of PSI Group ASA Phone +47 905 90 010 Michael Anderson Category Manager, Coop Trading Phone + 45 51593741 Facts about PSI Group ASA 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 theOslo Stock Exchange and Nasdaq OMX in Stockholm. For more information, visit www.psi.no Facts about Repant ASA Repant develops and delivers integrated RVM solutions of high quality both for single use and reuseable boottles and containers. The solutions include RVM (Reverse Vending Machines), liquidity systems for deposits and maintenances and logistics systems for the handling of packaging. Repant's solutions make deposit based recycling of beverage containers more efficient.
Nordic framework agreement for delivery of RVM systems to Coop in Norway, Sweden and Denmark
| Source: PSI Group ASA