Image Systems' Motion Analysis business unit receives an order worth approximately 3.3 MSEK from a U.S. defence customer
Press Release
The order includes several one-year licenses, known as Term licenses, for the TrackEye software and its associated modules. It also contains options for future renewals of the annual license agreements. The order will be recognized as revenue on a monthly basis over the next 12 months.
"Our efforts to expand our share of subscription-based licenses are paying off, and this order is proof that our strategy aligns with market demand. By transitioning to a subscription model, we are strengthening the resilience of our business model," says Johan Friberg, CEO of Image Systems.
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