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.
Latest Press releases
-
Image Systems affärsområde RemaSawco erhåller beställning från G3 Gausdal Treindustrier i Norge på knappt 1,3 MSEK
-
Image Systems' Business Unit RemaSawco Receives Order from G3 Gausdal Treindustrier in Norway Valued at Just Under SEK 1.3 Million
-
Image Systems affärsområde Motion Analysis erhåller order värd 1,8 MSEK från ledande amerikanskt flyg- och försvarsföretag
-
Image Systems’ Motion Analysis Business Unit Secures 1.8 MSEK Order from Leading U.S. Aerospace and Defense Company