Image Systems enters into a seven-year framework agreement with the French Ministry of Defense worth approximately MSEK 32

Press Release
Image Systems' business area Motion Analysis has entered into a seven-year framework agreement with the French Ministry of Defense, for the delivery, maintenance and further development of image processing at French proving grounds.

The agreement includes development and delivery of the company's complete product portfolio as well as maintenance of the same. The agreement is a framework agreement and has a maximum value of EUR 2,700,000, corresponding to approximately SEK 31.8 million.

"The French government and its military test facilities have long been users of Image Systems' products. They are used today at most of the military proving grounds in France. We now see the long term vision the French armed forces have in our products and a proof of our good cooperation between us", says Ohad Zangi, head of Image Systems' business area Motion Analysis.

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 offices in Sweden, Finland and Norway. In 2022, the group had a turnover of SEK 180 million. 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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