Image System's business area RemaSawco has signed a framework agreement with a larger group for a maximum value of just over SEK 13.4 million

RemaSawco has signed a framework agreement with a larger group in the wood industry. The total contract value amounts to a maximum of approximately SEK 13.4 million.

The framework agreement includes several different options aimed at replacing a larger number of older products and systems that have now reached the end of their expected life in one of the group's sawmills. The framework agreement can be called in its entirety, in parts as separate options, or not at all up to and including May 2024 at a maximum value of just over SEK 13.4 million. The agreement also includes relevant training.

Any deliveries and commissioning are planned for 2024.

For further information, please contact:
Johan Friberg, CEO, tel: +46 13-200 100, e-mail: johan.friberg@imagesystems.se

Image Systems is a Swedish high-tech company and a leading supplier of products and services in high-resolution image processing. By constantly challenging the market's concept and instead offering new and more efficient solutions, we help our customers achieve increased success in their businesses. The company caters to a large number of industries globally and operations are conducted in two business areas RemaSawco and Motion Analysis. Image Systems has approx. 70 employees in offices in Sweden, Finland and Norway. In 2022, the group had a turnover of SEK 180 million. The share is listed on Nasdaq Stockholm Stock Exchange's Small Cap list and trades under the ticker IS. For further information visit our website www.imagesystemsgroup.se