Stockholm, March 9, 2017
INVISIO (IVSO) and its partner Marlborough Communications (MCL) have been awarded a 4-year contract by the UK Ministry of Defense (MOD) to supply hearing protection and communication ancillaries for specialist land, maritime and air applications. The four-year contract has an initial order value of £9.9M, INVISIO's share estimated to be £8.0M approximately SEK 90 million. Options for a fifth year and a complete mid-life enhancement at two and a half years are not included in the initial order.
The contract follows previous MOD contract awards for hearing protection announced in 2015.
"The contract is another important milestone in INVISIO's presence in the UK. It underscores the confidence that our customer has in our offer and the system's impact on both operational effectiveness and the protection of the British armed forces personnel," says Lars Højgård Hansen, CEO.
The INVISIO solution provides the customer with the ability to communicate and collaborate effectively in noisy environments, providing first rate situational awareness and better preventing hearing damage to personnel on operations whilst offering more comfort.
For additional information, please contact:
Lars Højgård Hansen, CEO, INVISIO Communications
Mobile: + 45 53 72 7722 | E-mail: email@example.com
Tina Dackemark Lawesson, Director Investor Relations & Corporate Communications
Mobile: + 45 53 72 7733 | E-mail: firstname.lastname@example.org
This information is information that INVISIO Communications AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the CEO, at 9.00 CET on March 9, 2017.
About INVISIO Communications AB (publ)
INVISIO offers cutting-edge personal communication and hearing protection systems. The systems enable users to operate and communicate safely and clearly in all environments, even under extreme conditions, such as loud noise, heat, and underwater. INVISIO systems consist of headsets and advanced control units that interface to a wide range of communication devices. The systems provide hearing protection while maintaining the natural level of situational awareness. Customers are mainly from the public sector. Sales are made via a global network of partners and to some extent directly to end customers. INVISIO is listed on Nasdaq Stockholm (IVSO). Additional information is available on the company's website, www.invisio.com.