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INTEGRAL VISION ANNOUNCES SHARPEYE ORDER FROM UNIAX CORPORATION |
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Farmington Hills, MI (January 15, 2002) - Integral Vision, Inc. (OTCBB/INVI.OB) today announced that it has received an order for a "SharpEye" inspection station from UNIAX Corporation, a division of DuPont. The system value is over $200,000 and will be used for the inspection of organic light-emitting diode (OLED) displays. UNIAX Corporation and DuPont have a number of partners worldwide and are committed to the implementation of the OLED technology for displays. Integral Vision's "SharpEye" product provides on time inspection and analysis of functional and cosmetic defects in the display to assure quality in the manufacturing process as well as verification of the final product. "We are very pleased to be working with UNIAX-DuPont, a company that is making significant investments into the OLED technology." said Charles J. Drake, CEO and Chairman of Integral Vision, Inc. "This relationship with UNIAX-DuPont, along with the Kodak order and installation of last fall, puts us in a position with these companies and their worldwide partners to be the major supplier of inspection for the OLED technology in the world." OLED technology is based on thin organic films that emit light when stimulated with an electric charge. The emitted light can be individual colors of red, green or blue, or they can be combined to create full-color, high-resolution images. OLED displays provide a clear and distinct image viewable from a very wide (165-degree) angle and require relatively little power. Integral Vision, Inc., an ISO 9001 registered firm, offers machine vision-based inspection systems to the industrial manufacturer. Integral Vision 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. More information can be found at Website: www.iv-usa.com. 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: 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 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. |
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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 |