INVISIO receives first order from the Swedish Police worth SEK 19 million

INVISIO has received a first order for communication and hearing protection systems from the Swedish Police. The order value for INVISIO is SEK 19 million and deliveries are planned for before the end of the year.

The previously announced framework agreements with the Swedish Police for communication equipment with active hearing protection have generated a first order of SEK 19 million. Delivery is planned for 2019.

“This is a substantial investment to strengthen the police’s ability to communicate in noisy environments while protecting our colleagues’ hearing. It is our intention to make this solution available to as many police officers as possible who are at risk of exposure to high noise levels,” says Per Olov Olsson, Assignment Leader at the Swedish Police.

“It is very gratifying to be part of the greatest initiative ever to safeguard police officers’ hearing and improve their ability to communicate in challenging sound environments,” says Lars Højgård Hansen, CEO of INVISIO.

INVISIO estimates that the framework agreements cover thousands of police officers and that their potential value is between SEK 50 and 70 million. The agreements run for two years with an option for the Police to extend them by another two years. The framework agreements do not guarantee any volumes, but call-off will be as needed.

The agreements with the Swedish Police refer to the Police Authority, Police training (Police Academies), Swedish Security Service and the Swedish Economic Crime Authority.

For further information, please contact:
Lars Højgård Hansen, President and CEO, INVISIO Communications
Mobile: + 45 5372 7722
| E-mail: lhh@invisio.com

Michael Peterson, Director Investor Relations & Corporate Communication,
INVISIO Communications

Mobile: + 45 5372 7733 | E-mail: mpn@invisio.com

This information is information that INVISIO Communications AB (publ) is obliged to disclose under the EU Market Abuse Regulation. The information was released for public disclosure, through the agency of the President/CEO, on October 21, 2019, at 08:30 CEST.
 

About INVISIO Communications AB (publ)

INVISIO develops and sells advanced communication systems that enable professionals in noisy and mission critical environments to communicate, protect their hearing and work effectively. The company combines specialist knowledge in acoustics and hearing with broad engineering know-how in software, materials technology and integration. Sales are via the headquarters in Copenhagen and sales offices in the USA, France and Italy as well as via a global network of partners. INVISIO’s registered office is in Stockholm, Sweden and the company is listed on Nasdaq Stockholm (IVSO). Additional information is available on the company's website www.invisio.com.