Stockholm, April 21, 2017
INVISIO announced today that the initial order from the UK Ministry of Defence (MOD) worth about SEK 90 million was extended by an additional SEK 15 million order, which means that the contract value now amounts to approximately SEK 105 million. Deliveries will begin in the second quarter of 2017.
The contract with the British Ministry of Defence was announced on March 9, 2017, and comprises hearing protection and communication ancillaries for specialist land, maritime and air applications. The contract is for four years with options for a fifth year and a complete mid-life enhancement at two and a half years.
The contract follows previous MOD contract awards for hearing protection, THPS, announced in 2015.
The order was through INVISIO’s UK based partner Marlborough Communications Ltd (MCL).
For additional information, please contact:
Lars Højgård Hansen, CEO, INVISIO Communications
Mobile: + 45 53 72 7722 | E-mail: lhh@invisio.com
Tina Dackemark Lawesson, Director Investor Relations & Corporate Communications
Mobile: + 45 53 72 7733 | E-mail: tdl@invisio.com
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 8.30 CET on April 21, 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.
