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29 June 2018

Customer in Mexico places another order worth 675 000 USD (6,1 MSEK)

The order from Brose Fahrzeugteile is the second major order for carts to be used in their new plant, that will open during 2018 in Querétaro in central Mexico. The order will be delivered during the third quarter 2018 and consists of tugger carts, shelf carts and smaller dollies. The solutions have been evaluated by Brose during the first half of this year.

Ivan Alvarez, Purchaser at Brose Querétaro comments: “We see FlexQube as a long-term partner for our intralogistics solutions and are also happy to have them invited as one of our key innovative suppliers to our Innovation Day in Detroit in late July. With FlexQube and the modular concept, we see a strong business case for improved productivity and ergonomics in our plant with a future proof setup that allows us to plan for an extended lifetime of the material handling equipment.”

“North America continues to be a strong driver for our overall growth and Brose is a company who has embraced the vision of our company and shares the same belief in how to best design and implement a flexible and efficient material delivery system,” Anders Fogelberg, CEO of FlexQube was quoted saying. “We also look forward to share some of our more futuristic thoughts on intralogistics solutions with Brose during the Innovation Day in late July. It is important for us to partner with industry leaders that can challenge our ideas and give us their input on the next generation of products,” he continued.

About FlexQube

FlexQube is a company that offers a unique and patented concept that is used to design and deliver robust, modular and flexible carts and racks. 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 the automotive-, energy-, defense-and aerospace sectoras well as within home appliances and construction machinery among their customers. Some examples are Volvo Cars, Autoliv, Brose, Scania, Whirlpool, Eberspächer and Oshkosh.

For more information, contact CEO Anders Fogelberg

+1 678 701 58 55

+46 702 86 06 74

About Brose Fahrzeugteile GmbH & Co. KG

Brose is the world's fifth-largest family-owned automotive supplier. The company is a supplier of mechatronic systems for doors, seats or electric motors and drives that can be found in every second new vehicle around the world today. The company has more than 25,000 employees at 60 locations in 23 countries as of today.

Certified Advisor: Avanza Bank, telephone +46 8 409 421 20

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 June 29, 2018 at 15.00 CET.