IMINT Image Intelligence AB (publ) has yesterday signed a license agreement for the software Vidhance with a large consumer electronics company with headquarter in Taiwan. The agreement, which runs for three years, gives the customer the right to include Vidhance in future product launches for smartphones. The customer is globally well-established in consumer electronics with the emphasis on computers and tablets.
Due to extensive confidentiality, Imint cannot provide more information about the customer or the Vidhance functions regulated by the license agreement. The contract concerns functionality from the product group “video capture”, where video stabilization is a central function and where Imint has a market-leading position. Hopefully the customer will be able to launch the first products with Vidhance integrated in the second quarter of 2019.
Andreas Lifvendahl, CEO, comments:
“We have started 2019 in a very satisfactory way. We are proud to receive one more globally well-known brand in consumer electronics for our growing customer list. As in many other cases, our world-leading video stabilization has acted as a door opener and we hope for a long and good cooperation where we can over time deliver additional functionality. ”