IVISYS AB receives order for automated fur classification

Press release
IVISYS AB
556998-4981
28 February 2017

IVISYS AB (‘IVISYS’) has received an order for an automated solution for classification of furs from Kopenhagen Fur, a major fur auction house. The system will be used for classification of furs according to a pre-set quality grading standard. The order is expected to be delivered in Q2 2017 and has a value of 20000 Euros, which will contribute to IVISYS’ Q3 2017 results.

IVISYS’ CTO Moatasem Chehaiber comments

‘Basically, this about classifying various surface textures. We are proud to have been selected for this project as it is beyond what is normally considered possible with ordinary vision technology. Together with the client we will explore how vision is best applied for their specific needs,’ says IVISYS’ CTO Moatasem Chehaiber.

Certified Adviser

Sedermera Fondkommission is Certified Adviser to IVISYS.

For more information, please contact

Moatasem Chehaiber, CTO of IVISYS AB
Phone: +45 31 70 31 38 / +45 30 32 89 64
E-mail: mc@ivisys.com

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 28 February 2017.

About IVISYS

IVISYS provides vision-based, quality inspection solutions for the 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 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’s 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.