Ivisys publ : AB (‘’) receives an order for first Pallet Inspector from LPR (La Palette Rouge)

Press release
IVISYS AB
556998-4981
28 February 2020

IVISYS AB ('IVISYS') has received an order for one IVISYS Pallet Inspector from LPR (La Palette Rouge). The value of the order is approx. EUR 130.000 and will affect the earnings in Q2 of 2020 and Q3 of 2020.

CEO MIKAEL SJÖHOLM COMMENTS

'Following the order from ICA, this order of one IVISYS Pallet Inspector is made by Europe's second largest pallet pool company, with over 40 sorting plant in Europe. Of course, this strengthens our chances of selling to many more companies who sort pallets across Europe, and ahead of LogiMat 2020 in Stuttgart, where we will be exhibiting in March, this order will support our sales.

LPR has of course carried out a thorough evaluation of our product before placing this order, and we also conducted a preliminary survey for them already in the summer of 2019, which resulted in this purchasing decision. For us, this order confirms the high standard of the quality inspection systems we offer and our position in the market.

We are very much looking forward to installing the solution as soon as possible and in parallel receive many more new orders of our IVISYS Pallet Inspector.' Says IVISYS CEO Mikael Sjöholm

CERTIFIERAD ADVISER

Svensk Kapitalmarknadsgranskning AB
Phone: [phone]
E-mail: [e-mail]

FOR MORE INFORMATION, PLEASE CONTACT:

Jakob Kesje, ordförande, IVISYS AB
Phone: [phone]
E-post: [e-mail]

This information is information that IVISYS AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above on February 28, 2020.

ABOUT IVISYS

IVISYS is combining the knowledge of two engineering companies, one with a superior patented image processing software and the other with a unique superior command of Image acquisition. The unique product offering of IVISYS with the IVISYS Pro software suite, the use of artificial intelligence (AI) and outstanding quality in light and sensor knowledge is giving the Industry automated vision inspection solutions that are reliable, fast and flexible. With a portfolio of standard solutions that can be integrated in almost all industrial productions the market accessible to IVISYS is global, large in volume, and growing at the rate of the industry automation, currently strongly driven by the industry 4.0 approach. The solutions offered are available to most industrial manufacturers due to the short ROI, when comparing to existing manual control widely used in the industry today. IVISYS has been elected as 'TOP 10 Machine Vision solution provider in Europe 2019' by Technology Insights Manufacturing.