Adrian J Cotterill, Editor-in-Chief
ZetaDisplay AB (publ) has announced that the company has concluded a five-year global framework agreement for Digital Signage solutions with the Norwegian furniture group Ekornes AS.
The agreement refers to shop-in-shop solutions for Ekornes global retail network of approximately 3,500 outlets in 43 countries. In 2019 that will see a rollout of approximately 450 outlets. The press release stated that “the ambition (is) to keep an increasing rate in the coming years”. ZetaDisplay estimates a sales value of MSEK 15 for the 2019 rollout. This year’s installations and all subsequent years lead to contracted Services revenues in form of license and service income.
Ekornes AS is an international Norwegian furniture producer with the promise to create the world’s most comfortable furniture. The company’s best-known brands are the Armchair ‘Stressless’ and the bed brand ‘Svane’. The company was founded 1934 and is owned since last year by the Chinese Qumei Home Furnishing Group. Ekornes has an annual turnover of MNOK 3.1 billion and operations in 43 countries. Ekornes AS sees Digital Signage as an excellent instrument to streamline its customer communication and to create a better shopping experience for the consumer in the store.
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