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Coesia Group signs framework agreement with XMReality for using XMReality Remote Guidance™ throughout the Group

Press Release   •   May 21, 2018 08:30 CEST

Linköping, Sweden—XMReality AB (publ) (NASDAQ First North: XMR), an international leader in AR-enabled knowledge sharing, announced signing a framework agreement with global packaging group, Coesia Group, headquartered in Bologna, Italy. The agreement means that all 18 existing companies in the Group have the possibility to easily get started with XMReality Remote Guidance™, an AR-tool for remote guidance. Coesia Group plan to make use of the tool internally but also when dealing with customers and service partners.

Coesia Group is represented in 32 countries and currently consists of 18 companies, of which XMReality already has business relationships with four of them: ACMA, GDM, IPI and Norden.

"The trend continues; the companies that want to stay in the front end of digitization choose to cooperate with us. We are very happy that Coesia gives us such confidence. This is in line with our strategy to work towards longer and longer relationships with our customers and this framework agreement will make it much easier and more effective for all companies in the Group to do business with us", says Johan Castevall, CEO XMReality.

“We are heavily engaged in a strong transformation program for our service business. Our capability to swiftly respond when customers face operational issues has always been important, but with a growing customer base and a very large geographical presence, it was necessary to find a simple and strong technical solution to remotely support our customers. Remote Guidance will also help us strengthen the knowledge exchange between our technical experts”, says Alfonso Castañeda, Customer Service Director at COESIA.

The signed framework agreement contains no order value at the time of the agreement.

For more information, please contact:Johan Castevall, CEO XMReality
Phone: +46 (0)73 356 04 81
E-mail: johan.castevall@xmreality.se

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).
www.xmreality.com

About Coesia

Coesia is a group of innovation-based industrial and packaging solutions companies operating globally, headquartered in Bologna Italy, owned by Isabella Seràgnoli. Coesia companies are leaders in the sectors of:

  • Advanced automated machinery and packaging materials
  • Industrial process solutions
  • Precision gears

Coesia customers are leading players in a broad range of industries, including Aerospace, Consumer Goods, Electronics, Healthcare, Luxury Goods, Pharmaceutical, Racing & Automotive and Tobacco.

The company’s Certified Adviser is Redeye AB

Phone: +46 (0)8 545 013 30

www.redeye.se

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(s) for publication on May 21, 2018, 08:30 am.

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, Siemens Industrial Turbomachinery, Electrolux, and Bombardier. XMReality is headquartered in Linköping, Sweden, and is listed on Nasdaq First North (ticker: XMR). www.xmreality.com

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