Press release
IVISYS AB
556998-4981
05 September 2018

IVISYS AB (’IVISYS’) has received an order from the Swedish company AB Pema Metall, a supplier of specialized machinery solutions for manufacturers across all industries. This order is a result of cooperation on a solution for Gnosjö Automatsvarvning AB, an existing customer of both IVISYS and PEMA Metall. The value of the order for IVISYS is approx. 80 000 Euros for the vision system. The amount is expected to impact IVISYS’ Q3 and Q4 2018 results.

A part of Pema Metall AB’s product range consists of customized machines for quality inspection. It is the first time IVISYS will be working on a solution with PEMA Metall as a technology partner, supplying the vision solution for the system to Pema Metall’s turn-key solution.

Pema Metall, located in Gnosjö, is a well known and acknowledged solutions provider in one of Sweden’s most industrial areas, and has been delivering automation solutions for the last 50 years.

CEO Mikael Sjöholm comments:

‘The first time we met with the Pema team was when both of our companies were involved in a previous project for Gnosjö Automatsvarvning AB. It quickly became clear to us that Pema are dedicated to delivering state-of-the-art solutions, and nothing less. That level of ambition appeals to us and working on the Gnosjö project also revealed that Pema not only has high ambitions, but are also able to adapt to fulfill the ambitions, and deliver on their promises. On that basis, we are happy to join forces with PEMA as their vision technology partner on this new project,” says IVISYS CEO Mikael Sjöholm.

Certified Adviser

Sedermera Fondkommission is IVISYS’ Certified Adviser.

For further information, please contact
Jakob Kesje, Chairman of 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 5 September 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.