Image Systems’ Business Area Motion Analysis receives an order worth approximately SEK 2,7 Million from a U.S. Defense Customer

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The order includes three one-year licenses, known as Term Licenses, for the TrackEye software with associated modules. It also includes options for future annual license contract renewals. Revenue from the order will be recognized monthly over the contract period.

“Our efforts to increase the share of subscription licenses are paying off, and this order confirms that our strategy aligns with market demands. By transitioning to a subscription model, we enhance the robustness of our business model,” says Johan Friberg, CEO of Image Systems.

For further information, please contact:
Johan Friberg, CEO, tel +46 13-200 100, e-mail johan.friberg@imagesystems.se 

Image Systems is a Swedish high-tech company and a leading supplier of products and services in high-resolution image processing. By constantly challenging the market's concept and instead offering new and more efficient solutions, we help our customers achieve increased success in their businesses. The company caters to a large number of industries globally and operations are conducted in two business areas RemaSawco and Motion Analysis. Image Systems has approx. 70 employees in several countries. In 2023, the group had a turnover of SEK 171million. The share is listed on Nasdaq Stockholm Stock Exchange's Small Cap list and trades under the ticker IS. For further information visit our website www.imagesystemsgroup.se

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