Swisslog and Power Automation Systems Announce Cooperation Agreement

Swisslog and Power Automation Systems Announce Cooperation Agreement

NEWPORT NEWS, Va--(BUSINESS WIRE)-- Swisslog, a global provider of integrated logistics solutions, and Power Automation Systems (PAS), the leading provider of cart-based, deep lane automated warehouse systems, today announced they have formalized a cooperation agreement for the North American market.

Swisslog in North America will include the PAS technology as part of their solution portfolio. The PAS proprietary system is based on PowerStor®, a cart-based Automated Storage and Retrieval System (AS/RS), used for deep storage of palletized loads. PowerStor (PAS/RS) provides automated storage for high throughput of large quantities of high-density warehouses and is very effective in existing space restricted or odd-shaped facilities.

"We see the ability to expand the use of pallet handling systems into new market segments, not historically served by automated solutions consistently," said Markus Schmidt, SVP of Swisslog. "In addition, the PowerStor system will provide an additional extension to our automation solutions portfolio in cold storage applications, further enhancing our leading global position."

Cory Hypes, executive vice president for PAS adds "We are very pleased to have established this relationship with Swisslog. Their long standing reputation for performance and service is well known in the industry and we anticipate it will open up new segments for our innovative technology."

About Swisslog

Swisslog is a global provider of integrated logistics solutions for warehouses, distribution centers and hospitals. Its comprehensive services portfolio ranges from building complex warehouses and distribution centers to implementing Swisslog's own software and technology to intra-company logistics solutions for hospitals.

Swisslog's solutions optimize customers' production, logistics and distribution processes in order to increase flexibility, responsiveness and quality of service while minimizing logistics costs. With years of experience in the development and implementation of integrated logistics solutions, Swisslog provides the expertise that customers in more than 50 countries around the world rely on.

Headquartered in Buchs/Aarau, Switzerland, Swisslog currently employs over 2000 staff in 20 countries worldwide. The group's parent company, Swisslog Holding AG, is listed on the SIX Swiss Exchange (security number: 1232462, Telekurs: SLOG, Reuters: SLOG.S). Note: Swisslog refers to an order as "major order" if its financial volume exceeds the threshold of MCHF 20.

For more information, please visit www.swisslog.com

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Swisslog Logistics, Inc.
Markus Schmidt, 757-820-3616
Senior Vice President
InfoNA@swisslog.com

KEYWORDS: United States Europe North America Switzerland Virginia

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