Regulatory News:
Pricer (STO:PRICB) has earlier published that the company has been party
to arbitration proceedings against ProMargin AB (now with new name
Motion Display Scandinavia AB). A final award was rendered late
yesterday according to which Pricer was ordered to pay damages with a
total amount of SEK 1.9 M plus interest. The amount is less than one
tenth of the amount requested by ProMargin. Each party shall according
to the award carry its own costs for the arbitration proceedings. The
damage amount will be accounted for in 2011. All other costs have been
accounted for as incurred.
"I am pleased with the limited amount awarded and particularly that this
case can now be put behind us”, says CEO Fredrik Berglund in a
commentary.
In its capacity as issuer, Pricer AB is releasing the information in
this press release in accordance with the Swedish Securities Exchange
Act (2007:528). The information was distributed to the media for
publication at 08:50 hrs CET on Friday, February 10th, 2012.
Pricer provides the retail industry’s leading electronic display and
Electronic Shelf Label (ESL) platform, solutions, and services for
intelligently communicating, managing, and optimizing price and product
information on the retail floor. Pricer is the only company today
offering a communication platform that supports both segment based ESL
and pixel-based ESL. The platform is based on a two-way communication
protocol to ensure a complete traceability and effective management of
resources. The Pricer system significantly improves consumer benefit and
store productivity by simplifying work in the store.
Pricer, founded in 1991 in Uppsala, Sweden, offers the most complete and
scalable ESL solution. Pricer has installations in more than 40
countries with the largest ESL world market share. Customers include
many of the world’s top retailers and some of the foremost retail chains
in Europe, Japan and the USA. Pricer, in co-operation with qualified
partners, offers a totally integrated solution together with
supplementary products, applications and services.
Pricer AB (publ.) is quoted on the Nordic Small Cap list of OMX. For
further information, please visit www.pricer.com
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Pricer AB (publ)
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Website: www.pricer.com
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Bergkällavägen 20-22
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Telephone: +46 8 505 582 00
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SE-192 79 Sollentuna
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Corporate Identity number: 556427-7993
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