IVISYS' Danish subsidiary reports first profitable month

Press release
IVISYS AB
556998-4981
22 February 2017

IVISYS AB (‘IVISYS’) reports that IVISYS APS (the operative unit of IVISYS) has achieved the company’s first profitable month, January 2017. The unaudited result is an EBIT of 73 TSEK. The turnover was 727 TSEK for January arising from both new orders and payments for earlier orders.

IVISYS ApS is experiencing its first profitable month in the company’s history. This is the result of the successful completion of multiple projects and the outcome of ongoing business development efforts starting to show tangible results.

CEO Jakob Kesje comments

‘We are very pleased to experience a profitable month. We have persistently and patiently been pursuing building up the awareness of our products in relevant markets and it is satisfying to see it starting to pay off. We will still experience high volatility in our order intake, but we have now proven to ourselves as well as our patient investors that we are on the right track to becoming a growing, profitable company and we look forward to continuing down this path. We had expected this to happen already in Q4 of last year, but postponement of expected orders made it impossible then, instead we see it now.’

For further information:

Jakob Kesje, CEO IVISYS AB
Phone: +46 (0) 763 111 911
E-mail: jk@ivisys.com

Certified Adviser

Sedermera Fondkommission is Certified Adviser to IVISYS.

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 22 February 2017.

About 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.