07 September 2018
IVISYS AB (’IVISYS’) received an order from the Swedish company Trelleborg Sealing Solutions Kalmar AB, a supplier of sound reduction products for the automotive industry. Trelleborg Sealing Solutions is a subdivision within the Trelleborg group with almost 6000 employees and 28 manufacturing plants worldwide, with similar needs. The value of the order for IVISYS is approx. 160.000 Euro for the inspection system including robotic solution for marking. The order is expected to influence IVISYS’ Q3 2018 and Q1 2019 results.
CEO Mikael Sjöholm comments
‘This is our first order from Trelleborg, which we hope will mark the start of a long term partner relationship. Trelleborg has selected us for our solution after thoroughly evaluating the market, which confirms our position in the market in terms of high performance solutions. Also this order marks our strong trend with new orders worth approx. 6,5 million since June” says IVISYS CEO Mikael Sjöholm.
CTO Moatasem Chehaiber comments
“The Trelleborg solution is ideal to serve as IVISYS’s bridgehead into flaw detection and marking applications. The market for web based inspection, with background image noise and speed issues, is promising in terms of volume. As I am thankful for the order, I look forward to display the performance level of the Trelleborg solution both to the Trelleborg organisation as well as other clients” Says CTO Moatasem Chehaiber
Sedermera Fondkommission is IVISYS’ Certified Adviser.
For further information, please contact
Jakob Kesje, Chairman of 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 7 September 2018.
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.