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Integral Vision, Inc. Announces |
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Wixom, Michigan (November 15, 2010) - Integral Vision, Inc. (OTC Bulletin Board: INVI), a leading global supplier of automated display inspection technology, today announced financial results for the third quarter ending September 30, 2010. Third Quarter 2010 HighlightsThird Quarter 2010 Financial Review Charles J. Drake, chairman and CEO of Integral Vision, Inc., commented, "Our financial results for the third quarter reflect increased customer acceptance of our display systems. Revenues for the third quarter improved substantially, and we are particularly pleased with our increased margins. Modest increases in sales will make us cash flow positive." "Integral Vision has been very active with other disruptive display technologies including Organic Light-Emitting Diode (OLED) and e-Paper. OLED is mainly used in high-end mobile phones such as smartphones, and industry experts expect them to expand to large-sized displays such as flat-screen TVs, while e-readers and other consumer electronic devices primarily drive the e-paper market. In addition, we have had significant involvement with the small LCD manufacturers for automated inspection. We expect that these growth markets will translate into sales opportunities for Integral Vision in 2011." Mr. Drake concluded, "We are now exposed to larger sales opportunities than in any previous years and remain confident in our expectations for the future." CONFERENCE CALL The Company will announce the date of a conference call to review the third quarter's financial results and other events within the next few weeks. COMPANY'S INVESTOR E-MAIL LIST To be added to Integral Visions investor email list, please contact Laura Guerrant-Oiye of Guerrant Associates at lguerrant@guerrantir.com ABOUT INTEGRAL VISION, INC. Integral Vision, Inc. (OTC Bulletin Board: INVI) offers display inspection technology that provides analysis of functional and cosmetic defects in the display to assure quality in the manufacturing process as well as verification of the final product. Integral Vision has been inspecting displays since 1992 and is an industry leader committed to providing automated solutions to the quality issues Microdisplay, OLED and LCD manufacturers face in today's competitive marketplace. More information can be found at Website: www.iv-usa.com. "SAFE HARBOR" Statement under the Private Securities Litigation Reform Act of 1995 Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such factors and uncertainties include, but are not limited to: competitive conditions in the Company's markets and the effect of competitive products and pricing; technological development by the Company, its customers and its competition; the Company's available cash and access to debt and equity financing; and general economic conditions and conditions in the specific industries in which the company has significant customers. As a result, the Company's results may fluctuate. Additional information concerning risk factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in the Company's filings with the Securities and Exchange Commission. These forward-looking statements represent the Company's best estimates as of the date of this press release. The Company assumes no obligation to update such estimates except as required by the rules and regulations of the Securities and Exchange Commission. FINANCIAL INFORMATION The summary financial information contained in this press release, including the following information in tabular form, should be read in conjunction with the more detailed information contained in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission (SEC) on March 31, 2010 and our Form 10-K/A filed with the SEC on April 30, 2010 and the Company's Quarterly Report on Form 10-Q filed with the SEC on November 15, 2010. LINK TO TABLESQ310 TABLES(PDF) |
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Integral Vision Inc. 49113 Wixom Tech Drive Wixom, MI 48393 USA Tel: +1 248.668.9230 Fax: +1 248.668.9384 |