FlexQube receives an order worth $400 000 from Mann+Hummel
FlexQube has received an order for material handling trolleys and Liftrunner B-frames from Mann+Hummel Filtration Technology US LLC.
The total order value is $400 000 and the order will be delivered in the first quarter of 2020 to the Mann+Hummel plant in Gastonia, NC.
“This is the first larger order we receive after signing the distributor agreement with STILL GmbH in March 2019, concerning the Liftrunner product line. There is potential for additional orders for others Mann+Hummel plants going forward, especially in USA and Mexico where we can offer the FlexQube carts together with the Liftrunner system.
We are very happy to see that the Liftrunner and FlexQube combination is a preferred solution with clear cost and efficiency benefits compared to both the current forklift driven process but also compared to other competing tugger train manufacturers and competitors for material handling carts in the marketplace”, Anders Fogelberg, CEO FlexQube AB (publ), comments.
The Mann+Hummel Group is a German manufacturing group headquartered in Ludwigsburg within the metropolitan area of Stuttgart. The company develops, produces and distributes e.g. liquid and air filter systems, intake systems and thermal management components. About 90 percent of annual sales of around 4 billion euros accounted for by the activity in the automotive industry. The company and its subsidiaries have more than 80 locations worldwide. The group is owned by the families of the two founders.
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 automotive-, energy-, defense-, aerospace-, home appliances-, and construction machinery among their customers. Some examples are Volvo Cars, Autoliv, Scania, Whirlpool, Eberspächer and Oshkosh.
For more information, contact CEO Anders Fogelberg
+1 678 701 58 55
+46 702 86 06 74
The share (FLEXQ) is traded on Nasdaq First North. FNCA Sweden AB, telephone +46 8-528 00 399, email@example.com is the Company’s Certified Advisor. Find more information on 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 September 18, 2019 at 08:45 CET.