Image Systems’ Business Area Motion Analysis receives an order worth approximately SEK 1 Million from a U.S. Defense Customer
Press Release
The order includes a single one-year licenses, known as Term License, for the TrackEye software. 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.
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