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Leading gas spring manufacturer deploys XMReality Remote Guidance worldwide

Press Release   •   Dec 17, 2018 08:30 CET

Linköping, Sweden—XMReality AB (publ) (NASDAQ First North: XMR), an international leader in AR-enabled knowledge sharing, has signed an agreement with Strömsholmen, a global leading manufacturer of gas springs and gas hydraulic systems for press tools and heavy off-road vehicles. Agreement software  value is approx. 0.5 MSEK annual recurring revenue.

Strömsholmen has decided to launch XMReality Remote Guidance™ globally. The solution will be used for internal efficiency improvements by enabling remote collaboration, and to ensure quicker and a higher quality of service to its distributors and customers.

“In a market with continuously increasing competition we need to be innovative and identify other means to keep our market leader position. By this cooperation with XMReality we are able to strengthen our motto “The safer choice” by offering the best and most efficient customer support out there”, says Johan Klang, Product & Innovation Manager at Strömsholmen.

“Our AR solution for global remote collaboration is ideal for companies such as Strömsholmen, having offices and partners in 46 countries around the world. It is very encouraging to see how more and more industries are beginning to see how our solution can enable faster and more accurate customer service”, says Johan Castevall, CEO XMReality.

The order includes XMReality Remote Guidance software, XMReality Web Client, and XMReality PointPad™. The software value is approx. 0,5 MSEK annual recurring revenue and will be recognized during 2019.

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 and pointers with someone at a completely different place. It includes:

  • A unique hands-overlay technology that lets you guide someone 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 revolutionizes knowledge sharing through augmented reality (AR). The company is a market leader in remote guidance, which uses AR to guide onsite staff and enable them to 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 Strömsholmen

Strömsholmen develops gas springs and gas hydraulic systems for stamping dies and counterbalance, as well as gas hydraulic suspension systems for heavy duty off-road vehicles. Strömsholmen is located in the small community Tranås in Sweden. The company is a business of Barnes Group Inc. (NYSE:B), located in the U.S. Since 1983 we have developed and refined the gas spring technology, but we have been in the business since 1876 – for many years as a world-leader, with an export share of 95 percent.

XMReality’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 for publication on Monday, December 17, 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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