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Gold/Mining/Energy : Image Processing Systems (IPV-TSE)

IPV 4.310

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Jan 24 4:00 PM EST

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To: kingfisher who wrote (530)	5/19/1999 10:46:00 AM
From: Dennis Lefebvre	Read Replies (1) of 658

RBarbe. IPS introduces new products Image Processing Systems Inc IPV Shares issued 19,902,503 1999-05-18 close $0.69 Wednesday May 19 1999 Mr. Chris Cory reports Image Processing Systems Inc., under its trade name IPS Automation, has introduced two new products for the fast-growing projection display market. The ADI 9000 PDT is the first commercially available fully automated projection display tube (PDT) electrical test and inspection system. This system will provide manufacturers of tubes for projection televisions with increased production capacity and a substantially higher quality product by automating the test and inspection process. IPS recently shipped its first ADI 9000 PDT to one of North America's largest PDT tube manufacturers. The second new product, the ADI 8200 PTV, provides test and alignment functions for makers of projection television (PTV) sets. The ADI 8200 PTV system increases production capacity by automating the convergence and focus alignment procedures during the PTV manufacturing process. IPS has received an initial order from a large Japanese PTV set maker for an ADI 8200 PTV system, to be shipped in the second quarter. According to the California-based market research company, Stanford Resources, the projection display industry now comprises a multibillion dollar market facing rapid and steady growth. Unit shipments are forecasted to more than double from 1.8 million units in 1998 to greater than four million units in 2004. This growth is being driven by the demand for rear projection television sets and the high-value business projector segment. "We are well positioned to respond to these new markets," comments Ken Wawrew, IPS president and chief executive officer. "The flexibility designed into our technology platform as well as the wide range of competencies resident in our engineering team gives us this competitive advantage. Projection displays represent a high-growth market segment for IPS and we are ready to capitalize on new markets as they emerge, including high-definition TV." (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)

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