Irisity AB (publ) Awarded Major US Transportation Project Expansion.

IRISPörssitiedote19.03.2024 klo 10.03

Gothenburg, Sweden - March 19, 2024 - Irisity AB (publ), a provider of AI-driven video data management software has today been awarded a major transportation project expansion for an existing customer located on the East Coast of the United States.

Valued at approximately 10 Million SEK over a three-year period, this project will be delivered in several stages with the initial phase being recognized as net sales starting in Q1 of 2024.

The project includes providing Irisity IRIS+™ analytics, hardware and support services for securing bridges and tunnels. The objective is to reliably and consistently bolster safety protocols and mitigate potential risks for high-traffic commuter routes.

The awarded expansion not only highlights Irisity's commitment to AI innovation and excellence but also underscores its dedication to forging lasting partnerships with clients.

This information is information that Irisity AB (publ) is obliged to make public according to the EU's market abuse regulation. The information was submitted for publication, through the above contact persons, at 09:00 CET on 19 March 2024.

About Irisity AB

Irisity's AI Open Platform enhances any camera and video management system by integrating a choice of advanced AI and video metadata management featuring hybrid architecture, built-in anonymization and flexible deployment (on-premises, cloud, or hybrid). Globally trusted in over 3000 locations, our platform delivers real-time, efficient and precise data, augmenting human decisions to improve safety, operational efficiency and organizational intelligence.

The Irisity AB (publ) share is listed on Nasdaq First North Growth Market, with the ticker IRIS, the Company's Certified Adviser is Carnegie Investment Bank AB.