07


Aug

IVISYS AB receives order from Atlas Copco in Belgium

Press release
IVISYS AB
556998-4981
7 August 2017

IVISYS AB has received an order from Atlas Copco in Belgium. The order follows as a result of a successful feasibility study conducted earlier this year. Based on the study, Atlas Copco has decided to commission a full system for automated quality control for the factory in Belgium. The total order value is approximately 70 000 EUR and is expected to impact IVISYS’ Q3 results.

This order follows the feasibility study order from Atlas Copco announced on 18 January 2017 and covers a customized inspection system based on the ‘IVISYS Pro F’ software for flaw detection. Atlas Copco is a market-leading provider of highly energy-efficient industrial compressors, gas and process compressors and expanders. Atlas Copco has operations in more than 90 countries around the world and employs more than 40 000 employees.

CTO Moatasem Chehaiber comments

’We are very pleased with this order, since the decision made by Atlas Copco is based upon a very thorough and professional evaluation of the IVISYS Pro system. We look forward to start working together with Atlas Copco on this project in order to ensure the best possible quality for their customers. It is also pleasing that it is our first installation in Belgium,” says IVISYS’ CTO Moatasem Chehaiber.

Certified Adviser

Sedermera Fondkommission is IVISYS’ Certified Adviser.
This information is information that IVISYS AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above on 7 August 2017.

For further information, please contact

Moatasem Chehaiber, CTO of IVISYS AB
Phone: +45 31 70 31 38 / +45 30 32 89 64
E-mail: mc@ivisys.com

About IVISYS

IVISYS provides vision-based quality inspection solutions for industry, which can replace both manual and mechanical quality control. IVISYS’ unique patented solutions make it possible to perform complex quality control while keeping the existing production flow unaffected. Unlike existing solutions, IVISYS’ approach makes it possible to perform complex surface controls, control measurements on the micron level and control multiple components in one instant process. The solutions are based on IVISYS’ patented image data processing, which differs fundamentally from the conventional processes used within vision systems today. IVISYS is capable of utilising high-resolution cameras in the company’s image processing, while at the same time processing image information faster than the company’s competitors. The solutions offered, have an average payback period of approximately six months for customers currently relying on mechanical or manual control.