Press release -
XMReality signs further customer orders with a global engineering group
Linköping, Sweden — XMReality AB (publ) (NASDAQ First North: XMR) has signed further orders with an existing customer, a global engineering group. The value of the customer orders signed to date in 2019 is SEK 1.8 million, of which approximately SEK 1.6 million are software revenues and relate to annual subscriptions for the XMReality Remote Guidance™ software.
This existing XMReality customer is a global engineering group with sales of approximately SEK 300 billion that uses XMReality Remote Guidance software to offer field services to its customers globally. The orders have been signed with eight different business units at the customer, in five different countries, which in turn assist their customers on a global basis.
The order intake for the same period and customer last year was SEK 0.8 million, of which SEK 0.5 million was for annual software subscriptions.
“It is very positive that we are expanding our order intake from this global engineering group and that the software revenues is growing strongly. These orders are clear proof of the opportunities provided by our XMReality Remote Guidance software with global manufacturers,” says CEO Johan Castevall.
The orders received from this customer so far in 2019 relate to annual subscriptions of approximately SEK 1.6 million and are recognized as income on a monthly basis.
For more information, please contact:
Johan Castevall, CEO XMReality
Phone: +46 (0)73 356 04 81
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