Eyeonid signed a Letter of Intent(LOI) for a project with a large insurance company in a large European Country. First phase will be a soft launch of Eyeonid 360° Modules to evaluate the market packaging and go-to-market strategy via their own innovation company. Eyeonid have signed a Letter of Intent (LOI) consisting of a joint onsite workshop with the target to have a commercial agreement during October 2019. The second step is to deliver a soft launch as a proof of concept of the Eyeonid 360 Modules in the local language via their innovation platform where also expect some small revenue. The third step is depending on the commercial success of the soft launch but the target from both parties is then to make the product available to the whole customer base in a number of ways. The delivery will start in Third Quarter and the result will be concluded in first half of 2020 for the next steps in the partnership. The insurance provider has a strong footprint in the European non-life market with more the 20 million customers and end users. The result is that it can take as little as 2-3 months instead of 2-3 years to launch a product and gather valuable information. This project will open up for a long-term opportunity to build bundled services between different insurance solutions and ID-monitoring and protection services.