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Business Area Motion Analysis Motion Analysis received a license and support order for the TrackEye product from Raytheon, Australia
– For Image Systems This order is a receipt that our further development of TrackEye software is attracting leading companies to the international market to invest in our technology, says Johan Friberg, CEO of Image Systems.
In addition to the order, Image Systems also took out a loan of approximately SEK 8 million from the company's three largest shareholders, Tibia Konsult, LMK and Thomas Wernhoff. The reason for this loan is to meet the need to increase working capital.
The loan expires on December 30, 2018 under market conditions. The repayment can be made by cancellation if the refinancing of the loan for the acquisition of Limab Oy is done through a new issue.
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