Brief: XMReality Gets Additional Order From ABB

XMReality AB (publ)

28/09/2022 13:06

Sept 28 (Reuters) - XMReality AB (publ)  XMR.ST :
    * ABB PLACES ADDITIONAL ORDER WITH AN ANNUAL VALUE OF SEK
1.5
MILLION
    * ABB PROCESS AUTOMATION IN U.S. HAS ORDERED A SIGNIFICANT
NUMBER
OF REMOTE GUIDANCE LICENSES USING FRAMEWORK AGREEMENT XMREALITY
HAS IN PLACE WITH ABB
    * INITIAL PURCHASE ORDER COVERS TWO MONTHS OF NOVEMBER AND
DECEMBER, TO ALIGN ANNUAL PAYMENT PERIOD WITH CALENDAR YEAR
    * PURCHASE ORDER FOR NEXT UPCOMING 12 MONTHS IS DUE IN
DECEMBER OF
THIS YEAR
    * HENCE, PAYMENTS WITH CORRESPONDING CASH-FLOW EFFECT WILL
BE IN
Q4-2022 (SEK 0.25 MILLION) AND Q1-2023 (SEK 1.5 MILLION)
RESPECTIVELY

Source text for Eikon:  ID:nWkr18NmtT 
Further company coverage:  XMR.ST 
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