Image System's business area RemaSawco receives order from Moelven Wood for just over 11.7 MSEK + options

Press Release
RemaSawco AB has signed an agreement with Moelven Wood A/S to upgrade three of the group's sawmills in Norway; Soknabruket, Granvin bruk and Trysil. The agreement is a framework agreement with separate call off contracts for each sawmill and the total value amounts to a maximum of SEK 11.7 million, excluding any additional options.

The agreement basically means that older systems and installations at the three sawmills are now replaced with more modern systems and technology that give the sawmills better conditions to meet the market's demands with, for example, higher reliability and availability. Modernization also means future-proofing the systems and maintaining or increasing maintenance reliability. The three sawmills' green sorting, dry sorting and planing mills will, among other things, be equipped with RemaSawco's smart system RS-ProSort and two of the sawmills will also be equipped with the board scanner RS-BoardScannerD. Various adaptations and additional products are included as well as options and training of the customer's own staff.

Delivery, installation and commissioning will take place during 2024-2025

"It is very gratifying to see that brave and forward-looking sawmills dare to invest, despite the uncertain market situation. Together, we have found a good solution that will give Moelven clearly better conditions when the market turns again."

Says Emilien Saindon, CEO of RemaSawco.

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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