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MEDAR ANNOUNCES INITIAL ORDERS FROM OMRON |
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Farmington Hills, MI (May 6, 1999) - Medar, Inc. (Nasdaq/NMS-MDXR) announced today that it has received initial orders from OMRON Electronics, Inc. for its new IVC (Industrial Vision Controller) software. OMRON will sell Medar's IVC machine vision software with its PC based vision product. The IVC package has VisionBlox as its base and includes an enhanced user interface which allows the user to build powerful machine vision applications by using the familiar "drag and drop" technique. OMRON expects to introduce this system at the Robot and Vision Show in Detroit the week of May 10, 1999. "OMRON is the world's largest sensor distributor and currently provides machine vision equipment to customers around the world," said Charles J. Drake, Chairman and CEO of Medar, Inc. "They have $5 billion of sales with a strong presence in the semiconductor, electronic and packaging industries which are heavy users of machine vision. Their experienced sales staff, support group and distributors provide a significant opportunity for us to obtain world-wide distribution for our IVC and VisionBlox software. We believe at maturity this relationship could result in sales of up to several thousand IVC units per year." Medar, Inc., an ISO 9001 registered firm, offers two unique areas of expertise to the industrial manufacturer: Machine vision-based inspection systems and resistance welding controls. Integral Vision, a Medar division, is a leading supplier of machine vision systems used to monitor or control the manufacturing process. Vision systems are used to supplement human inspection or provide quality assurance when production rates exceed human capability. Medar's resistance welding controls assure weld quality and provide information concerning the welding process. 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 and Section 21E of the Securities Act of 1934. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which 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: the impact of the level of the Company's indebtedness; restrictive covenants contained in the Company's various debt agreements; general economic conditions and conditions in the specific industries in which the company has significant customers; price fluctuations in the materials purchased by the Company for assembly into final products; competitive conditions in the Company's markets and the effect of competitive products and pricing; and technological development by the Company, its customers and its competition. 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 are 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.a |
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Integral Vision Inc. 38700 Grand River Avenue Farmington Hills, MI 48335 USA +1 248.471.2660 +1 248.615.2971 fax |