Irisity faces a strong interest in IRIS ™ and is now collaborating with nearly 40 market-leading security companies and camera manufacturers in 21 countries, including Europe, Asia, the Middle East, Africa and South America. All collaborations begin with a technology evaluation (Pilot) and, in the event of a positive outcome, pass to licensing and commercial rollout.

36 of the 40 companies are market-leading security companies including the world's three largest international security groups and are estimated to operate in total approximately 50 million IP cameras (about 10% of the total number of IP cameras globally). These companies annually increase their camera stock with about 5 million new IP cameras.

Of the 36 security companies, Irisity carries out commercial rollout with 6 companies in 6 countries, and Pilots together with 15 companies in another 11 countries. In addition, 20 companies in 4 new countries await technology evaluation. We expect to finish at least half of ongoing Pilots during Q2 and the remainder during Q3. The majority of completed pilots are expected to move into commercial rollout.

Going forward, Irisity intends to report the status of the international SaaS sales in summary and not per new SaaS company.

For further information:

Victor Hagelbäck, CPO

Phone: +46 709 56 44 01
E-mail: victor.hagelbäck@irisity.com