Irisity

Irisity AB (publ) Awarded USA Airport Project Expansion.

Gothenburg, Sweden - May 14, 2024 - Irisity AB (publ), a provider of an open platform for AI video analytics has today been awarded a major USA airport project expansion for an existing customer located on the West Coast of the United States from our partner Identiv.

This initial award is valued at approximately 6 Million SEK over a five-year period starting Q2 of 2024. The project scope includes providing Irisity developed enterprise analytics software, hardware, and support services for enhancing airport security protocols for both indoor and outdoor areas. This initial phase of the deployment will add AI powered detection capabilities to 600 existing IP cameras and be deployed onsite using Intel based servers. A key to choosing Irisity's software and servers was to enable the airport to reuse existing camera which provides the lowest total cost of ownership and broadest range of operational flexibility for running AI.

The awarded expansion not only highlights Irisity's commitment to AI innovation and excellence but also underscores our commitment to partnerships and clients.

This information is information that Irisity AB (publ) is obliged to make public according to the EU's market abuse regulation. The information was submitted for publication, through the above contact persons, at 09:00 CET on 14 May 2024.

About Irisity AB 

Irisity's AI Open Platform enhances any camera and video management system by integrating a choice of advanced AI and video metadata management featuring hybrid architecture, built-in anonymization and flexible deployment (on-premises, cloud, or hybrid). Globally trusted in over 3000 locations, our platform delivers real-time, efficient and precise data, augmenting human decisions to improve safety, operational efficiency and organizational intelligence. 

The Irisity AB (publ) share is listed on Nasdaq First North Growth Market, with the ticker IRIS, the Company's Certified Adviser is Carnegie Investment Bank AB.

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For further information, please contact: Raziel Bareket, COO   
Email: raziel.bareket@irisity.com    
https://irisity.com