September 14, 2022
(press release)
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The three orders are linked to the existing framework agreement signed between RemaSawco and Moelven Timber in June this year. This framework agreement, which has a term of up to and including September 2022, can result in a business volume of a maximum of SEK 27.4 million. The framework agreement covers the upgrade of measuring stations, sawlines, green sorting, and adjustment works at seven sawmills with RemaSawco's system RS-715, RS-LogScanner3D, RS-FlexCon, RS-Opt optimization system, RS-ProSort, TopRot measuring system and RS-Con measuring system. The three new orders are placed by sawmills Ransby, Årjäng and Notnäs and include upgrading of a large number of existing systems. In total, Moelven Timber has now ordered projects for a total of approximately SEK 15.6 million within the framework agreement. "With these orders, we are now modernizing our sawmills to a higher and uniform standard, which ensures improved production and supportability of our existing systems," says Peter Rockedahl, Technical Director of the Timber Division within the Moelven Group. "Together with Moelven, we have put a lot of work into getting this agreement in place in a good way. It is therefore very satisfying that we can now see the effect of this," says CEO of RemaSawco Emilien Saindon. Deliveries and commissioning will take place during the first half of 2023. For further information, please contact: Image Systems is a Swedish high-tech company and a leading supplier of products and services in high-resolution image processing. By constantly challenging the market's concept and instead offering new and more efficient solutions, we help our customers achieve increased success in their businesses. The company caters to a large number of industries globally and operations are conducted in two business areas RemaSawco and Motion Analysis. Image Systems has approx. 80 employees in offices in Sweden, Finland and Norway. In 2021, the group had a turnover of SEK 159 million. The share is listed on Nasdaq Stockholm Stock Exchange's Small Cap list and trades under the ticker IS. For further information visit our website www.imagesystemsgroup.se https://news.cision.com/image-systems-ab/r/image-system-s-business-area-remasawco-receives-orders-of-sek-11-million-from-moelven-timber,c3631075 (c) 2022 Cision. All rights reserved.
Johan Friberg, CEO, tel +46 13-200 100, e-mail johan.friberg@imagesystems.se
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