Irisity AB (publ) reported a renewal and expansion of a perimeter security contract with a UK-based home appliance manufacturer. It is an Annual Recurring Revenue (ARR) contract, marking the fourth year of delivering a perimeter security deployment in partnership with a UK-based integration partner. The contract began in November 2020, with yearly renewals.

From an initial deployment of six cameras, the project continued to grow, expanding to 661 cameras by December 2023. The customer utilizes IRIS+ Enterprise as a Service, which is integrated with their Milestone XProtect video management system. This project encompasses a range of sites including commercial offices, stores, logistics centers and private residences.

The deployment involves monitoring many cameras across multiple locations centralized at a Security Operations Center (SOC). Irisity's IRIS+ AI Open Platform effectively reduces false positive security events including those caused by animals roaming within the secured perimeter. The system is adept at distinguishing between animals and people using either thermal or standard CCTV cameras, enabling security operators to concentrate on and respond to genuine security issues.