# IVISYS receives SEK 62.4 million order for PalletAI from iGPS

IVISYS, a subsidiary of Athanase Innovation, has received an order worth SEK 62.4 million from iGPS, the largest plastic pallet manufacturer in the USA, for four PalletAI units. Delivery and payment are milestone-based, with revenue recognition expected in the second half of 2024.

- Type: Contract
- Announced: 2024-03-23
- Where: United States
- Value: $5.90M (62.4M SEK)
- Status: announced
- Products: PalletAI pallet inspection systems
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [IVISYS AB](https://endata.com/companies/17484.md) (supplier)
- [iGPS](https://endata.com/companies/76380.md) (customer)

## Sources

- [athanaseinnovation.com](https://www.athanaseinnovation.com/en/ivisys-erhaller-en-order-pa-palletai/), 2024-03-23: "Detta är ytterligare ett erkännande för PalletAI på den amerikanska marknaden."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.