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Electrolux continues to invest in technology from XMReality

Press Release   •   Feb 06, 2018 08:30 CET

Linköping, Sweden—XMReality AB (publ) (NASDAQ First North: XMR), a leading developer of knowledge sharing solutions through Augmented Reality (AR), has signed an order from multinational home appliance manufacturer Electrolux. The delivery includes software and hardware to several business units in Europe within Electrolux Group.

"In order to increase first visit completion and customer satisfaction, Electrolux decided to enable remote assistance solution for its field technicians across Europe. XMReality solution clearly appeared to us as the best solution in the area, especially the hand overlay feature which makes the support extremely intuitive and easy", says Jean-Noel Thibault, Digital Transformation Director, Electrolux Major Appliances, EMEA.

”The order is a strong indicator on the large potential in our offering within field service operations for Swedish and International manufacturing company groups. It is yet another proof of the success of the new generation of XMReality Remote Guidance and that we strengthen our market leading position within Remote Guidance”, says Johan Castevall, CEO of XMReality.

The order increase revenues by 0,7 MSEK and the XMReality Remote Guidance solution will be implemented at several European business units within Electrolux. In all of them the use case is to improve field service operations and knowledge sharing. The order includes XMReality Remote Guidance Software™, XMReality Point-pad™ and smart glasses. The revenues will be recognized during 2018.

Electrolux has been a customer to XMReality since November 2017 and after an initial technical pre-study the XMReality Remote Guidance is now rolled out within several European business units.

For more information, please contact:

Johan Castevall, CEO XMReality
Phone: +46 (0)73 356 04 81

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, Wärtsilä, 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(s) for publication on Tuesday February 6, 2018, 08:30 am.

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