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Image System's business area RemaSawco receives order of just over SEK 2 million from Moelven Timber

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This is the last order linked to the existing framework agreement signed between RemaSawco and Moelven Timber in June this year. This framework agreement, which has a term of up to and including September 2022, can result in a business volume of a maximum of SEK 27.4 million. The framework agreement covers the upgrade of measuring stations, sawlines, green sorting, and adjustment works at seven sawmills with RemaSawco's system RS-715, RS-LogScanner3D, RS-FlexCon, RS-Opt optimization system, RS-ProSort, TopRot measuring system and RS-Con measuring system.

This order has been placed by the sawmill Löten and includes upgrading of several existing systems.

In total, Moelven Timber has now ordered projects for a total of approximately SEK 28 million within the framework agreement (102%).

"With these orders, we are now modernizing our sawmills to a higher and uniform standard, which ensures improved production and supportability of our existing systems" 

says Peter Rockedahl, Technical Director of the Timber Division within the Moelven Group.

"It is very satisfying that we now have managed to close all the planned orders within the framework agreement, a real milestone. Now we look forward to delivering and commissioning our systems" 

says Emilien Saindon, CEO of RemaSawco

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. 80 employees in offices in Sweden, Finland and Norway. In 2021, the group had a turnover of SEK 159 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

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Quotes

With these orders, we are now modernizing our sawmills to a higher and uniform standard, which ensures improved production and supportability of our existing systems
says Peter Rockedahl, Technical Director of the Timber Division within the Moelven Group.
It is very satisfying that we now have managed to close all the planned orders within the framework agreement, a real milestone. Now we look forward to delivering and commissioning our systems
says Emilien Saindon, CEO of RemaSawco