U.S. defense customer renews confidence in Image Systems' advanced motion analysis solutions through new subscription agreement.
Image Systems AB (publ) has received a new order valued at approximately SEK 2.4 million from a customer within the U.S. defense sector. The order has been placed with the company's business unit Motion Analysis and pertains to a subscription-based solution with a contract duration of twelve months.
Revenue from the order will be recognized on a monthly basis over the duration of the agreement, in line with applicable revenue recognition principles.
"This is further proof that Image Systems continues to strengthen its position as the world's leading provider of motion analysis software for high-speed imaging."
Says Andreas Ovemyr, CEO of Image Systems Motion Analysis.
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