Press Release March 09, 2006
ISRA VISION SYSTEMS: Continued Sales Success in Area of Strategic Expansion
Another Major Order in the Display Glass Inspection Growth Market Darmstadt, March 9, 2006 – ISRA VISION SYSTEMS AG (ISIN: DE 0005488100), one of the leading suppliers of industrial machine vision systems, has closed a further major order in the rapidly growing market for FPD (Flat Panel Display) glass. One of the most prominent Asian suppliers has placed the order for FPD glass inspection systems worth 1.5 million euros. With this second major order within 11 weeks, ISRA has further significantly improved its market position in this strategic growth market. The systems are to be delivered in the third quarter of the fiscal year 2005/2006, and will therefore have an impact on turnover and operating results for that quarter. ISRA is one of the global market leaders in float glass inspection. In addition, the company is now focussing its expansion efforts on the key market of FPD glass. Winning these two major orders within a short space of time is confirmation that the company has chosen the right plan for expansion. The production of FPD glass grows significantly more than 25 percent annually. ISRA is currently strengthening its marketing activities in Asia with an experienced team based in Taiwan, since around 90 percent of the total worldwide production capacity for FPD glass is located in Asia. Therefore, ISRA has good prospects of profiting substantially from this dynamically growing market. By deploying its inspection systems in several stages of FPD glass manufacture, ISRA further underlines the broadened scope of its product portfolio in the field of FPD glass inspection with this new order, thereby developing additional potential for turnover.
Company profile: ISRA VISION SYSTEMS is a leading supplier of machine vision systems for surface inspection and robot guidance. Clients include DaimlerChrysler, KUKA, ABB, BMW, Volkswagen, General Motors, Ford, Schott, Saint Gobain, Pilkington, MAN Roland, Asahi, 3M, DuPont, Stora Enso, Weyerhaeuser and Crane, among others. Operating EBT in fiscal year 2004/2005 (ending Sept. 30) was € 8.7 million (2003/2004: € 5.7 million). Total output for 2004/2005 came to € 49.7 million (2003/2004: € 44.3 million). During the past eight years, ISRA was able to increase its total output by close to 40% per year on average, while EBT grew by an average 55% per year. ISRA is active world-wide and employs some 260 staff at its locations in Darmstadt, Karlsruhe, Marl, Oerlinghausen, Atlanta, Lansing, Shanghai and Beijing. ISRA uses digital image processing technology for the optical inspection of endless web materials (such as glass, film, nonwoven, paper) and for robot guidance tasks in the context of automated production and packaging. According to expert estimates, at present only some 20% of possible applications are being exploited. Currently the global market volume comes to some € 6.5 billion. Annual growth rates world-wide are currently estimated at approx. 10%.
For further details, please contact: ISRA VISION SYSTEMS AG Industriestraße 14 D-64297 Darmstadt
Tel.: +49 (0) 6151 948-0 Fax: +49 (0) 6151 948-140 E-Mail: info@isravision.com Internet: www.isravision.com
Investor Relations:
Dr. Dietmar Scheja (dscheja@isravision.com) Tel.: +49 (0) 6151 948-183 Sandra Braun (sbraun@isravision.com) Tel.: +49 (0) 6151 948-209)