XMReality to supply Nestlé with Remote Guidance technology

XMReality will supply Nestlé, the Swiss-based food and beverage company, with its Remote Guidance technology. Today the two companies signed a global Master Service Agreement. The Master Service Agreement is open in term and volume and will as such not guarantee any order volumes. The XMReality solution will be employed primarily in Nestlé production sites to improve efficiency. The initial order value is around SEK 900 000 and will cover the remaining part of 2020.

“We are very proud to sign this Master Service Agreement and add Nestlé to our customer base. We will now work together to take the next step with Remote Guidance. The agreement is a clear sign of maturity of the technology and a well packaged XMReality product that is easy to deploy. We look forward to work with Nestlé and will do our utmost to make their application of Remote Guidance a success”, says Jörgen Remmelg, CEO at XMReality.

About XMReality Remote Guidance™
XMReality Remote Guidance is an AR-enabled knowledge sharing tool that lets you communicate with gestures, speech, chat and pointers with someone at a completely different place. It includes:

A unique hands-overlay technology that lets you guide someone else’s hands—as if you were there.
A web portal to manage teams and users, and to measure usage
Integration through client-side API’s (Application Programming Interfaces)

About XMReality
XMReality AB (publ) develops and sells solutions that revolutionizes knowledge sharing through augmented reality (AR). The company is a market leader in remote guidance, which uses AR to guide onsite staff and enable them to resolve or prevent problems. XMReality’s customers are mainly global industrial companies, including Bosch Rexroth, ABB, Siemens Industrial Turbomachinery, Electrolux and Bombardier. XMReality is headquartered in Linköping, Sweden, and is listed on Nasdaq First North (ticker: XMR). Further information is available under www.xmreality.com

About Nestlé
For information on Nestlé, visit www.nestle.com

XMReality's Certified Adviser is Redeye AB
Certifiedadviser@redeye.se
+46 8 121 576 90
www.redeye.se

The information in this news release is such that XMReality AB (publ) is required to make public in accordance with the Market Abuse Regulation issued by the EU. The information was released by the aforementioned contact person for publication on Tuesday, 21 April 2020 at 10:30 CET.