Little more news...
MARKHAM, ONTARIO--
- CRT GLASS INSPECTION ORDERS BRING BACKLOG TO RECORD LEVELS -
Image Processing Systems Inc. (TSE:IPV)-under its trade name IPS
Automation-today announced a new product, the AGI 9900 CRT Glass
Inspection System. This system is designed for use by
manufacturers of CRT glass used in computer monitor and
television picture tubes. Using patented advanced laser optics
technology, the system inspects CRT faceplates on production
lines after forming and polishing. It can detect defects such as
scratches, bubbles and stones as small as two thousandths of an
inch, differentiate the type of defect and also determine its
size.
"This new CRT Glass Inspection System leverages the technology
developed for our automotive glass inspection systems" commented
Todd Richardson, IPS Vice President, Business Development. "And,
the new system almost doubles the market size in our core
business - machine vision for display manufacturers".
IPS has already received orders from three major CRT glass
manufacturers, totaling $1.8 million. "Despite the downturn in
the Asian economy last year, we continued to invest in research
and development", said Ken Wawrew, IPS President and CEO. "These
orders bring the IPS vision systems backlog to a record level of
$11.3 million for the first quarter of the year".
"This new sector broadens our geographic market and provides our
sales force with an exciting new display inspection product early
in the fiscal year" said Dave Thomas, Vice President, Sales and
Marketing. "We are introducing the new AGI 9900 CRT Glass
Inspection System at the Society for Information Display (SID)
show being held this month in San Jose, California".
IPS Automation is a complete automation systems provider. The
company's automated display and inspection (ADI) systems are
recognized as the best in the world. Advanced inspection
solutions include bottle-thread (BTI) and automotive glass
inspection systems developed in close co-operation with key
customers. The Chicago-based TMC division specializes in high-
quality, high-speed packaging and cartoning systems.
IPS Automation, an ISO 9001 and International Quality Network
(IQNET) certified company, is listed on the Toronto Stock
Exchange under the symbol IPV and has offices and representatives
in Canada, China, Japan, Korea, The Netherlands, Taiwan and the
United States. Blue-chip customers in 23 countries use IPS
Automation's solutions.
Copies of our press releases are available on the IPS website at
www.ipsautomation.com.
-30- |
