IVISYS passes 1,0 MSEK in recurrent revenue on service agreements
23 November 2018
IVISYS (’IVISYS’) has passed the 1,0 MSEK milestone in recurrent income from service agreements with existing clients.
CEO MIKAEL SJÖHOLM Comments
”This is a natural development for the company, and in line with our ambitions to generate 15 % of the sales value on new product in recurrent income as yearly service agreements. With many ongoing discussions with existing clients, we expect to increase the number of service contracts on existing installations, generating increased recurring income over time” said IVISYS CEO Mikael Sjöholm.
For further information:
Jakob Kesje, Chairman IVISYS AB
Phone: +45 20226010
Sedermera Fondkommission is Certified Adviser to 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.
IVISYS is the winner of Frost & Sullivan’s 2017 Entrepreneur of the Year in Europe Award.