STOCKHOLM, April 13, 2022 /PRNewswire/ -- INVISIO
and its partner Marlborough Communications has been awarded a
three-year In-Service Support (ISS) contract, with the option
of an additional two years to supply hearing protection and
communication ancillaries to the UK Ministry of Defence
(MoD).
The award follows a previous 5-year contract with the same
customer for hearing protection and communication ancillaries
awarded in 2017. The contract gave rise to approximately
SEK 180 million in order intake over
the agreement period.
The new contract refers to the INVISIO branded personal system
and is part of the end-customer's ongoing modernization
program of systems that enable effective communication and hearing
protection.
An initial order of SEK 16 million
has been received and further orders are expected to support
current in-service equipment and to bring into service new
technology developed by INVISIO as part of the mid-life enhancement
of the system.
The agreement concerns products and solutions based on INVISIOs
new AI- and software-based technology platform. Fueled by a range
of new innovations and designed for defense and public safety
professionals on critical missions, the new platform sets the bar
for market-leading audio performance and hearing protection.
"We are very pleased that the end user, who operates under the
most challenging conditions, has chosen to renew the long-term
contract. We estimate that the customer will order to the same
extent as under the previous contract, but as usual there are no
guarantees for any volumes," says Lars Højgård Hansen, CEO of
INVISIO.
For further information, please contact:
Lars Højgård Hansen, CEO, INVISIO AB
Mobile: + 45 5372
7722 | email: lhh@invisio.com
Michael Peterson, Director
Investor Relations & Corporate Communication, INVISIO AB
Mobile: +45 5372 7733 | email: mpn@invisio.com
This information is information that INVISIO AB (publ) is
obliged to disclose under the EU Market Abuse Regulation. The
information was released for public disclosure, through the agency
of the CEO, on April 13, 2022, at 08:30
CEST.
About INVISIO AB (publ)
INVISIO develops and sells advanced communication systems that
enable professionals in noisy and mission critical environments to
communicate, protect their hearing and work effectively. The
company combines specialist knowledge in acoustics and hearing with
broad engineering know-how in software, materials technology and
integration. INVISIO's solutions are marketed under the two brands
INVISIO and Racal Acoustics. Sales are via the headquarters in
Copenhagen and sales offices in
the USA, France, the United
Kingdom, Italy and
Thailand and via a global network
of partners. INVISIO's registered office is in Stockholm and the company is listed on Nasdaq
Stockholm (IVSO). Additional information is available on the
company's website .
This information was brought to you by Cision
http://news.cision.com
https://news.cision.com/invisio-ab/r/invisio-long-term-contract-for-uk-mod-renewed,c3545415
The following files are available for download:
|
https://mb.cision.com/Main/17798/3545415/1563577.pdf
|
INVISIO long-term
contract for UK MoD renewed
|