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23 May 2024

FlexQube receives order worth 695 000 USD for cart system

FlexQube has received an order worth 695 000 USD for FlexQube's modular cart system from a global automotive industry supplier. Delivery will take place to one of the customer's factories in Ontario, Canada, during the third quarter of 2024. This is the single largest order for FlexQube in nearly two years and the largest to date for a company in Canada. The order consists of several hundred carts that will be used to streamline the material flow for the customer in connection with an expansion of their operations. The carts will be manufactured at FlexQube's American production unit in Duncan, South Carolina.

Mårten Frostne, CEO of FlexQube, comments:

"It is very satisfying that we have won this first large order from a new customer in Canada, moreover the single largest order in almost two years. Our experience of delivering similar solutions with proven high quality and a high delivery capacity were two important factors in the selection process. Additionally, the features of our system, the modular cart concept, and the possibility for the customer to achieve high efficiency in transportation by being able to load and unload carts on both sides of the production line were crucial."

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 1000 customers in 38 countries with primary markets being North America and Europe.

FlexQube’s customers can be found within the manufacturing industry, distribution- and warehousing. We represent some of the most successful companies in the world with a significant share being represented on the Fortune 500 list. These companies exist within automotive, electric vehicle manufacturing, online retail, heavy-duty trucks, industrial automation and retail logistics.

For more information, contact: 

CEO, Mårten Frostne
+46 721 55 19 37


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 May 23, 2024, at. 07:33 CET.