this came out a few days ago:
PPT VISION, Inc. Announces Receipt of Order for Multiple In-line High-speed PPT861(TM) 3D Scanning Systems
MINNEAPOLIS, Jan. 11 /PRNewswire/ -- PPT VISION, Inc. (Nasdaq: PPTV - news) announced today that it has received a follow-on order for multiple PPT861(TM) 3D inspection systems from a leading manufacturer of precision components for hard disk drives, for an amount exceeding one million dollars. The PPT861 system is equipped with PPT's patented SMI(TM)-based (Scanning Moire Interferometry(TM)) SpeedScan 3D(TM) sensor. In this application, the PPT861 is used to perform in-line high-speed 3D inspection of critical dimensions. The Company expects to ship these systems within its fiscal year 2001.
``The receipt of this order by our Microelectronics Systems Division (MSD) is a very positive business development,'' stated Mr. Joseph C. Christenson, President of PPT Vision, Inc. ``The PPT861 3D inspection system achieves throughput speeds many times faster than alternative technologies. This enables our target customers to achieve 100% in-line 3D inspection and zero defect production. We are very optimistic about the future growth opportunities for our PPT861 3D inspection system in our targeted markets,'' concluded Mr. Christenson.
PPT VISION, Inc. designs, manufactures, markets, and integrates 2D and 3D machine vision-based automated inspection systems for manufacturing applications. Machine vision-based inspection systems enable manufacturers to realize significant economic paybacks by increasing the quality of manufactured parts and improving the productivity of manufacturing processes. The Company operates through two divisions. The Vision Systems Division (VSD) develops and applies 2D and 3D vision technology for general purpose end-user and original equipment manufacturer (OEM) applications in the manufacturing marketplace. The Microelectronics Systems Division (MSD) develops and markets application-specific inspection solutions utilizing the Company's core 2D and 3D vision technology for three target markets: inspection of leaded and bumped components in the semiconductor back-end manufacturing process, inspection of surface-mount electronic connectors, and inspection of components used in hard disk drives. The Company's vision systems are sold throughout the Americas, Europe and Asia to a broad range of industry categories including manufacturers of automotive, electronic and semiconductor components, consumer goods, pharmaceuticals, medical devices and plastics. The Company's Common Stock trades on the Nasdaq National Market tier of The Nasdaq Stock Market under the symbol PPTV. For more information, please see the PPT VISION, Inc. web site at pptvision.com
Forward Looking Statements
The discussion above contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements by their nature involve substantial risks and uncertainties as described by PPT VISION's periodic filings. Actual results may differ materially depending on a variety of factors, including, but not limited to the following: changes in worldwide general economic conditions, a change in the level of capital spending by electronic component manufacturers and cyclicality of capital spending by other customers, PPT VISION's ability to keep pace with technological developments and evolving industry standards, worldwide competition, and PPT VISION's ability to protect its existing intellectual property from challenges from third parties and other factors. Additional information with respect to the risks and uncertainties faced by PPT VISION may be found in the section ``Business'' under the caption ``Important Factors Regarding Forward-Looking Statements'' contained in its filing with the Securities and Exchange Commission on Form 10-K for the year ended October 31, 1999 and other reports filed with the Securities and Exchange Commission.
SOURCE: PPT VISION, Inc. |
