IVISYS AB publishes memorandum
13 October 2017
IVISYS AB (‘IVISYS’) has published a memorandum regarding the rights issue that was decided on by the Board of Directors on October 3, 2017, on the basis of the decision by the Extraordinary General Meeting of October 2, 2017.
The memorandum and subscription forms are available on the company’s website, www.ivisys.com, and on Aktieinvest’s website,http://www.aktieinvest.se. Subscription to the rights issue for investors without warrants can be done electronically with BankID. To do so, go to www.aktieinvest.se/ivisys2017 and follow the guidelines.
Background to the rights issue
IVISYS has experienced a market breakthrough, with a number of orders from global industrial companies such as GKN Sinter Metals in the United States and LuK Schaeffler in Germany, both sub-suppliers to the automotive industry, and Atlas Copco in Belgium. This success is a consequence of the efforts by the sales unit the company has built up in recent years, which works across Northern and Eastern Europe. In addition to these orders, the sales team has managed to create a vast number of potential projects and the company receives approximately 10 project inquiries each month. Through these intense efforts, IVISYS has managed to create a name for itself within the vision industry and has won several awards. The company’s technology is considered to be at a very high level, equivalent to global players within the industry, which is also noticeable in prestigious orders.
To further strengthen the positive development of the company, the company needs additional sales capacity. The new issue is being carried out with the aim of hiring additional sales managers and in order to have resources for other increased market investments. The current share issue also aims to meet the capital requirements needed to be able to fill the demands of a rapid increase of confirmed orders.
IVISYS CEO Jakob Kesje comments
‘Recently, IVISYS won the award for “Entrepreneurial Company of the Year 2017”. It was awarded by one of the world’s leading market research and consulting firms, Frost & Sullivan. This is very good news and is our second award, after IVISYS in 2016 was ranked as one of the “Top 10 Machine Vision Technology Solution Providers” of a US industry magazine. It is indeed encouraging that industry experts have started to acknowledge us for our distinctive ways of solving our customers’ problems. However, what is even better is that IVISYS, over the past year, has received several breakthrough orders from global companies with hundreds of manufacturing locations around the world. We invite current shareholders as well as new investors to join us in our journey onwards, where we expect to pass many new milestones, commercial and technological as well as acknowledgements,’ says CEO of IVISYS, Jakob Kesje.
Complete memorandum: http://www.ivisys.com/rights-issuance-october-2017
InWest Corporate Finance
SE-451 76 UDDEVALLA, Sverige
Phone: +46 (0) 739 93 79 69
Sedermera Fondkommission is Certified Adviser to IVISYS.
For more information, please contact:
Jakob Kesje, CEO IVISYS AB
Phone: +45 20 22 60 10
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 13 October 2017.
IVISYS provides vision-based, quality inspection solutions for the industry, which can replace both manual and mechanical quality control. IVISYS’s unique, patented solutions make it possible to perform complex quality control while keeping the existing production flow unaffected. Unlike existing solutions, IVISYS provides solutions that make 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’s 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.