Additional order from US defense company

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Linköping, Sweden—XMReality AB (publ) (NASDAQ First North: XMR), an international leader in AR-enabled knowledge sharing, has signed a follow-up order with a US defense company group. The order includes software and AR glasses and is worth approx. 0,5 MSEK. Delivery will take place during 2018 and 2019.

XMReality has signed a third order to improve the service operations for an US defense company.

The order includes XMReality Remote Guidance™ software, XMReality PointPad™ and AR glasses with a value of approx. 0,5 MSEK and revenues will be recognized during 2018 and 2019. Including this order, the total order intake from this customer for the previous 12 months amounts to approx. 1,7 MSEK.

The initial order from the company was signed December 2017 and included XMReality Remote Guidance software, XMReality PointPad and AR glasses to a value of approx. 0,6 MSEK. This was followed up in July 2018 with additional software of a value of approx. 0,6 MSEK.

For more information, please contact:
Johan Castevall, CEO XMReality
Phone: +46 (0)73 356 04 81

About XMReality Remote Guidance™

XMReality Remote Guidance is an AR-enabled knowledge sharing tool that lets you communicate with gestures, speech, chat, pointers with someone at a completely different place. It includes:

  • A unique hands-overlay technology that lets you guide some else’s hands—as if you were there.
  • A web portal to manage teams and users, and to measure usage
  • Integration through client-side API’s

About XMReality AB

XMReality AB (publ) develops and sells solutions that revolutionize knowledge sharing through augmented reality (AR). The company is a market leader in remote guidance, which uses AR to guide onsite staff so that they can resolve or prevent problems. XMReality’s customers are mainly global industrial companies, including Bosch Rexroth, ABB, Siemens Industrial Turbomachinery, Electrolux, and Bombardier. XMReality is headquartered in Linköping, Sweden, and is listed on Nasdaq First North (ticker: XMR). 

The company’s Certified Adviser is Redeye AB

Phone: +46 (0)8 545 013 30

The information in this news release is such that XMReality AB (publ) is required to make public in accordance with the Marketing Abuse Regulation issued by the EU. The information has been released by the above-mentioned contact person for publication on Wednesday November 14, 2018, 08:30 am.


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