Irisity AB (publ) been awarded a major transportation project expansion for an existing customer located on the East Coast of the United States. Valued at approximately 10 Million SEK over a three-year period, this project will be delivered in several stages with the initial phase being recognized as net sales starting in First Quarter of 2024. The project includes providing Irisity IRIS+(TM) analytics, hardware and support services for securing bridges and tunnels.

The objective is to reliably and consistently bolster safety protocols and mitigate potential risks for high-traffic commuter routes. The awarded expansion not only highlights Irisity's commitment to AI innovation and excellence but also underscores its dedication to forging lasting partnerships with clients.