16th June 2017
The period to exercise warrants of the series ’Ivisys TO 2’ is coming to an end. For investors who have neither sold or chosen to exercise their warrants the value of the warrant will be lost after the end of the subscription period.
Buy shares at a price of 4.67 SEK/share
One warrant of series TO 2, traded on Nasdaq First North under the ticker ‘Ivisys TO 2’, will give the investor the right to purchase one new ordinary share.
The price of the new shares will be 4.67 SEK. This price has been calculated as 80 per cent of the weighted volume average share price over a period of 10 trading days, 10 banking days prior to the start of the subscription period.
Buying/selling of warrants in series TO 2
The warrants in series TO 2 can be bought and sold until 16th June 2017. The subscription period will end on 20th June, 2017.
The CEO’s comments
‘As previously communicated, we have a broad pipeline of potential projects, primarily involving large potential clients – and we keep adding new projects on a regular basis. We are starting to see a pattern of IVISYS recurrently receiving new orders and we have no indication that this is about to change. We are pleased that we can now begin to harvest the returns of our persistent efforts with regards to creating awareness of our products and capabilities in the marketplace.
Over the last couple of years, we have been on an eventful journey—from developing our first product model, going public and raising funds for market penetration, to now gradually seeing our company become ever more mature. In addition, it has been especially pleasing that our participation in various industry fairs has led to orders from customers in industries outside the automotive industry, although this remains our primary strategic focus. The fact that we have secured orders from companies in the packaging industry as well as the textile industry proves that our technology is widely applicable and that demand for our solutions exists across multiple industries.
The proceeds raised from investors choosing to exercise their warrants will help us close more projects and reach even more potential customers, thus helping us fortify the foundations of our future success.
A high-growth context
IVISYS operates in an industry with above-average growth rates. Reports have repeatedly estimated high growth rates for the vision market and such forecasts were confirmed as late as 15th May, when the industry site vision-systems.com reported that sales of machine vision systems in North America increased 10% year-on-year, to $509 million in Q1 2017.
With such numbers in mind—backed by a very strong industry trend of so-called ‘factory automation’—we see no shortage of future demand for vision systems provided by companies like IVISYS. In addition, overall economic growth seems to finally be returning to more and more European countries, which normally indicates increased capital expenditure, including on equipment for faster and better factories.
We thank any investor, who chooses to benefit from exercising their warrants, ensuring that IVISYS will be well positioned to benefit from such trends in the years to come. We welcome investors to join us and take part in our future growth.
CEO, Jakob Kesje
Sedermera Fondkommission is IVISYS’ Certified Adviser.
For further information, please contact
Jakob Kesje, CEO IVISYS AB
Phone: +45 20 22 60 10
IVISYS provides vision-based, quality inspection solutions for the industry. IVISYS’ 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’ 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.