Brief: Eyeonid Group Signs Letter Of Intent With European Insurance Company

Safestate AB (publ)

11/09/2019 07:43

Sept 11 (Reuters) - Eyeonid Group AB  EOID.NGM :
    * (PUBL) SIGNS LETTER OF INTENT WITH LARGE EUROPEAN
INSURANCE
COMPANY
    * EYEONID GROUP AB EYEONID HAVE TODAY SIGNED A LETTER OF
INTENT(LOI) FOR A PROJECT WITH A LARGE INSURANCE COMPANY IN A
LARGE EUROPEAN COUNTRY
    * EYEONID HAVE SIGNED A LETTER OF INTENT (LOI) CONSISTING OF
A
JOINT ONSITE WORKSHOP WITH TARGET TO HAVE A COMMERCIAL AGREEMENT
DURING OCTOBER 2019
    * SECOND STEP IS TO DELIVER A SOFT LAUNCH AS A PROOF OF
CONCEPT OF
EYEONID 360 MODULES IN LOCAL LANGUAGE VIA THEIR INNOVATION
PLATFORM WHERE WE ALSO EXPECT SOME SMALL REVENUE
    * THIRD STEP IS DEPENDING ON COMMERCIAL SUCCESS OF SOFT
LAUNCH BUT
TARGET FROM BOTH PARTIES IS THEN TO MAKE PRODUCT AVAILABLE TO
WHOLE CUSTOMER BASE IN A NUMBER OF WAYS
    * INSURANCE PROVIDER HAS A STRONG FOOTPRINT IN EUROPEAN
NON-LIFE
MARKET WITH MORE 20 MILLION CUSTOMERS AND END USERS.
    * DELIVERY WILL START IN Q3 AND RESULT WILL BE CONCLUDED IN
FIRST
HALF OF 2020 FOR NEXT STEPS IN PARTNERSHIP

Source text for Eikon:  ID:nWkrwv7tm 
Further company coverage:  EOID.NGM 

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