Vidhance AB ("Vidhance") announced a collaboration with RealWear Inc. ("RealWear"), Under the agreement Vidhance and RealWear will jointly bring new and improved video solutions for frontline workers to the market. A crucial aspect of the agreement is the value-based business model where the success of Vidhance is also tied to the success of the final product, which also opens up for long term recurring revenue. Due to the nature of the collaboration and the value-based business model the revenue will be determined based on joint success over the next few years, with a low minimum revenue.

However, the deal marks a strategic milestone for Vidhance's long term objective to increase recurring revenue and to offer expert services to customers. This is especially important within the Professional business unit. Vidhance and RealWear already have joint products on the market with the leading video stabilization from Vidhance.

This new collaboration adds new products specifically developed for remote workers.