Management Board of IMS S.A. (“Company”, “Issuer”) informs about signing on 17 June this year a significant framework agreement for the installation of Digital Signage systems with one of the banks (“Partner”), having several hundred branches in Poland. The agreement was concluded for a period of 3 years with the possibility of its extension for another 2 years. The sale and installation of Digital Signage systems for particular bank branches will be carried out upon placing of specific orders. The estimated maximum revenue of the Issuer from the execution of the agreement in the 3-year period, with orders placed by the bank for all branches, is PLN 10-11 million. The pace and scale of project implementation depends on current decisions of the Partner. Together with the agreement, the parties signed the first order for the implementation of Digital Signage systems in several branches, with the value amounting to less than PLN 0.3 million. The order will be completed by the end of August 2020 at the latest.
