Brief: Seamless Distribution Systems Receives Order In Zambia
03/06/2022 08:51
June 3 (Reuters) - Seamless Distribution Systems AB
SDSY.ST :
* RECEIVES AN UPGRADE ORDER FOR ITS SMART SALES &
DISTRIBUTION
PRODUCT FROM AN OPERATOR IN ZAMBIA
* THROUGH ITS SUBSIDIARY RIAKTR - RECEIVED AN ORDER WORTH
SEK 1.4
MILLION FOR UPGRADE OF ITS SMART S&D PRODUCT FROM AN EXISTING
CUSTOMER IN ZAMBIA
* IN ADDITION TO UPGRADE THERE IS A YEARLY LICENSE WITH
ANNUAL
RECURRING REVENUE WORTH SEK 1.1 MILLION
* ORDER CONSISTS OF AN UPGRADE OF SEK 1.4 MILLION WHICH WILL
BE
TAKEN AS REVENUE IN Q2 AND AN ANNUALLY, RECURRING REVENUE OF
APPROXIMATELY SEK 1.1 MILLION WHICH WILL BE RECOGNIZED ON AN
ONGOING BASIS AS LONG AS CUSTOMER USES RIAKTRS PRODUCT
Source text for Eikon: ID:nBQN6yLvMK
Further company coverage: SDSY.ST
(Gdansk Newsroom)
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