XMReality expands to NIBE-owned KNV in Austria
KNV Energietechnik GmbH is located in Austria and has been part of NIBE Industrier AB since 2008. KNV is one of the leading players in the Austrian heat pump market, with more than 250 installation companies selling its environmentally friendly and efficient energy systems. KNV is now implementing XMReality Remote Guidance to enhance the efficiency of technicians and support even further.KNV's business concept is to sell complete heating systems based on heat pumps through a well-trained installer network. They develop, produce, and sell environmentally friendly heat pumps and energy
Sumitomo (SHI) Demag Plastics Machinery North America Inc., a leading provider of high-quality injection molding machinery, will implement XMReality Remote Guidance into its operations. This is to further strengthen their customer support services by leveraging remote support powered by augmented reality (AR).Sumitomo (SHI) Demag Plastics Machinery North America has delivered over 150,000 state-of-the-art injection molding solutions to diverse industries worldwide. Renowned for its commitment to excellence, Sumitomo (SHI) Demag upholds rigorous standards in quality, efficiency, and customer
The total order intake for the year increased by 8 percent for 2023 compared to 2022. As a result of strong customer growth, XMReality now has more than 150 customers. Net sales increased by 5 percent in 2023 compared to 2022, while the quarter was unchanged compared to the same period last year. The company has significantly reduced costs during the quarter and will enter 2024 with a cost mass that is approximately SEK 20 million lower on an annual basis. For the full year 2023, costs were 10 percent lower compared to 2022, and for the quarter, costs were down 6 percent compared to the last
XMReality has added Kloppenberg, a subsidiary of the Middleby Corporation, to its growing clientele. This collaboration further solidifies XMReality's position as a trusted partner for delivering cutting-edge remote support services to the food service manufacturing industry in the United States.Kloppenberg, recognized for its excellence in innovative ice storage solutions, is an esteemed part of the Middleby Corporation family. With a legacy spanning decades, Kloppenberg has become synonymous with high-quality equipment tailored to meet the industry's unique needs.
To enhance customer
XMReality AB (publ) today announced a change of Certified Adviser from Redeye AB to Carnegie Investment Bank AB (publ).XMReality has entered into an agreement with Carnegie Investment Bank AB (publ) regarding the position as Certified Adviser. Carnegie Investment Bank AB (publ) will take over as Certified Adviser on February 9, 2024. Until then, Redeye AB will continue to act as Certified Adviser to the company.
The information was submitted for publication on February 2, 2024, at 12.00 CET.
Frida Finér will assume the position of CFO at XMReality AB on April 2, 2024, as the current CFO, Lotta Ekerbring, retires. With substantial experience in finance and international collaboration, amongst others with the United States, Frida will be an asset to the company's ongoing international growth.With over 10 years of experience in finance and leadership roles, Frida Finér has held various positions within finance management in growing businesses in recent years. She has also run her own company for several years. Her most recent role is as Finance Director at Teledyne SP Devices. In
XMReality AB (publ) informs today that the company's CFO, Lotta Ekerbring, has announced her intention to retire. Lotta Ekerbring has been CFO at XMReality since 2022 and will leave her position in the spring of 2024. The company is now starting the process of finding a successor.XMReality's CFO, Lotta Ekerbring, has announced that she wishes to retire in 2024, and the company will therefore initiate a process to find a successor. Lotta Ekerbring will remain in the role of CFO until a new CFO is appointed to ensure a smooth handover.
"Lotta's long experience within finance and her
XMReality announces that the nomination committee has been appointed ahead of the 2024 annual general meeting of shareholders.As resolved by the XMReality annual general meeting of shareholders in XMReality, the nomination committee will comprise representatives of the chairman of the board and the three largest shareholders as of 30 September 2023.
Ahead of the 2024 AGM, the members of the nomination committee are:
· Kent Söderström, representing Investment AB Spiltan · Torbjörn Andersson, representing Lamit AB · Joakim Fagerbakk, representing Klösen AB · Björn Persson,
2023 has been a year of record strong customer growth for XMReality as a result of an adjusted sales strategy, and the company has recently implemented several cost savings totaling SEK 20 million on an annual basis. The strategy adjustment and the associated cost reduction aim to reach the goal of positive cash flow in 2024.Adjustment of the sales strategy was initiated in the spring of 2023, and part of it is lowering entry thresholds for new customers by starting with a smaller number of licenses. The focus lies on customers with a long-term strategy for remote guidance and a plan right
XMReality continues its growth in the US market, having increased the number of US customers by more than 160 percent so far this year. The latest addition is Follett Products, LLC, a distinguished provider of ice and beverage dispensing solutions, as well as medical-grade refrigerators and freezers for the foodservice and healthcare sectors. Follett Products has introduced XMReality's Remote Guidance™ software into its operations to deliver cutting-edge support to its customer base.XMReality’s growth in the US market continues with the addition of several new customers in the past months,
XMReality AB (publ) has terminated the liquidity provider assignment with Erik Penser Bank AB and has appointed Carnegie Investment Bank AB as new liquidity provider starting on November 30th 2023.The liquidity provider commitment is provided in accordance with Nasdaq Stockholm AB's rules on liquidity providers. This means that Carnegie, through their role as liquidity provider, acts as a guarantor that there are buy and sell prices and a guaranteed available volume in the share and that the difference between the buy and sell price becomes smaller.
Carnegie's assignment commences on 30
Freudenberg e-Power Systems, a global leader in the development and production of emission-neutral energy systems for heavy-duty applications, has started to use XMReality for field service operations. Freudenberg is dedicated to providing energy systems contributing to a sustainable and clean future, and with XMReality Remote Guidance they are making field service operations more sustainable through less travel.Freudenberg e-Power Systems offers a wide range of solutions, including battery systems, fuel cell systems, and combined systems that are used in a variety of industries, including
The Board of Directors of XMReality AB (publ) (“XMReality” or the “Company”) has, with authorization from the annual general meeting held on May 4, 2023, resolved on a directed share issue of 13 834 884 shares at a subscription price of SEK 0.43 per share to Investment AB Spiltan, Rotakorn Electronics Holding AB, Rambas AB and certain other existing well-capitalized and reputable shareholders (the “Directed Share Issue”). Through the Directed Share Issue, XMReality will be provided with approximately SEK 5.95 million before transaction costs.The Directed Share Issue comprises 13 834 884 new
Coor and XMReality have signed a framework agreement to deliver XMReality Remote Guidance. Coor is a leading provider of integrated Facility Management services in the Nordics. Coor Sweden has been a customer of XMReality since 2022 and has used the solution on the Swedish market. The new framework agreement is written with Coor Group, which covers all of Coor's units, and aims to make it easier to increase the use of XMReality for the entire Nordic region.XMReality's software will become part of Coor's Smart Solutions concept in real estate that strives to create smarter and more
XMReality announces that it has signed a new client deal with ICETRO America, a global leader in the manufacturing of commercial machinery for ice cubes, soft serve ice cream, slush, and ice/water dispensers.The deal will see XMReality provide ICETRO America with its Remote Guidance™ software. ICETRO America is a subsidiary of Middleby Corporation, a world leader in commercial/residential kitchen equipment and industrial food processing. XMReality has previously signed a contract with Middleby Coffee Solutions, another subsidiary of Middleby Corporation.
“We are excited to support ICETRO
The third quarter saw a strong increase in order intake, 82 percent compared to the same period last year. The total order intake from January to September has also increased, as a result of the strong customer growth, and is up 34 percent compared to last year. Net sales increased by 8 percent for the quarter and by 7 percent for the first nine months compared to the same period last year. The company continues its work to reduce costs and for the period they were 14 percent lower than the previous year. To reach the communicated goal of becoming cash flow positive by the end of 2024, the
XMReality AB has decided to postpone the publication of the interim report regarding the third quarter. Previously announced date of publication was Thursday, October 19th, 2023. New date of publication is Thursday, October 26th, 2023.The postponement is due to administrative reasons.
This information has been released for publication on October 18th, 2023, at 08:55 CEST.
XMReality sees a strong increase in interest in the global market for its services and has so far this year taken on board over 30 new customers. Which is an increase of over 100 percent compared to the number of new customers for the full year of 2022. The company is also in dialogues with several stakeholders regarding potential consolidations.An important factor behind the strong increase in the number of new customers this year is that the market is now investing strategically in this type of solution. At the same time, the company's investment in the U.S. has yielded results and the
The U.S. entity of XMReality, XMReality Inc., has just signed a new customer within the food production industry – JLS Automation. This is one of several new customer deals that the U.S. subsidiary has brought in during the past months within the food and beverage segment, indicating a growing momentum for XMReality’s U.S. sales.JLS Automation is a leading manufacturer of easy-to-use hygienic robotic packaging solutions that optimize performance for the food industry. They help customers solve complex packaging problems while handling strict sanitary requirements. XMReality Remote Guidance
XMReality, Inc., the U.S. subsidiary of XMReality AB (publ), has signed a license agreement with Middleby Coffee Solutions Group, a leading manufacturer of commercial coffee equipment.The relationship will see XMReality provide Middleby Coffee with its Remote Guidance™ software. Middleby Coffe will start using XMReality for field service support and customer troubleshooting support, as well as planned equipment inspections. By using XMReality for remote collaboration, their geographically separated colleagues, customers, and suppliers can interact and collaborate as if they were side by
Starting in October, Lars Sandlund will join XMReality as Chief Sales Officer (CSO). Lars has most recently held the position of CEO at Dataton AB, a company that provides software and media servers to the professional audiovisual industry across the world.XMReality, a leading provider of remote visual assistance solutions powered by Augmented Reality, has recruited Lars Sandlund as Chief Sales Officer, CSO. Lars will take over the position from Andreas Jonsson, who transitioned to the role of XMReality’s CEO in May. Starting in October, Lars will lead XMReality’s sales activities with the
XMReality Inc., the U.S. subsidiary of XMReality AB (publ) has signed a new client deal with Güntner U.S., a global leader in the manufacturing of refrigeration equipment. Since 1931, Güntner has been a global expert in commercial cooling and industrial refrigeration.Through this deal, XMReality provides Güntner with its Remote Guidance™ software. It will be used by Güntner to provide quick remote service and support, no matter where customers or technicians are located. To start with, the software will be deployed by the team in North America where Güntner has over 2000 employees.
“We
XMReality Inc., the U.S. subsidiary of XMReality AB (publ), has signed a new client deal with Miller Electric Mfg. LLC, a leading manufacturer of welding equipment in the United States.The deal will see XMReality, Inc. provide Miller Electric Mfg. with its Remote Guidance™ software. Remote Guidance™ is an industry trusted cloud-based AR software that helps businesses to reliably improve their knowledge transfer and remote collaboration by allowing geographically separated colleagues, customers, and suppliers to interact and collaborate as if they were side by side.
“We are excited to