Formpipe won a combined Lasernet and Long-term archive (LTA) order to a private customer. LTA was developed with mainly the public sector in mind and a large order to the private sector like this is of strategic importance. To reach our Bull case, successful expansion to the private sector is key, and this order is taking Formpipe one step further. Due to our new Redeye Rating, we increase the WACC to 10.0% (9.5), causing a reduction of approximately SEK 1 per case in our Fair Value range. Our Base case is reduced to SEK 18.0 (19.0).