IVISYS AB receives add-on order from GKN in Italy

IVISYS AB receives add-on order from GKN in Italy

Press release
IVISYS AB
556998-4981
28 March 2018

IVISYS AB (’IVISYS’) has received an extension to the latest order from GKN Sinter Metals in Italy. The extension is an upgrade for a hardware component. The order value is approx. 10 000 EUR and is expected to impact IVISYS’ Q1 2018 results.

This is the third order IVISYS has received from the GKN group.

The GKN group is a global supplier to the automotive sector, with more than 150 factories worldwide and more than 58 000 employees.

CEO Jakob Kesje comments

‘This addition falls in line with our expectation that all new customers we land will become regular customers, with ongoing business, where we support their transition into Industry 4.0 with regards to vision based quality control,’ says the CEO of IVISYS, Jakob Kesje.

Certified Adviser

Sedermera Fondkommission is IVISYS’ Certified Adviser.

For further information, please contact

Jakob Kesje, CEO IVISYS AB
Phone: +45 20 22 60 10
E-mail: jk@ivisys.com

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 28 March 2018.

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 utilizing 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.

IVISYS is the winner of Frost & Sullivan’s 2017 Entrepreneur of the Year in Europe Award.