To: David Graham who wrote (7569 ) 11/12/1997 4:16:00 PM From: Doug R Read Replies (5) | Respond to of 79383
Subj: MVSI Subsidiary Receives Contract Order from Boeing for Laser Vision System for Date: 97-11-12 16:06:33 EST From: AOL News BCC: Tiric VIENNA, Va., Nov. 12 /PRNewswire/ -- MVSI, Inc. (Nasdaq: MVSI) announced today that its subsidiary, MVS Modular Vision Systems, Inc. ("MVS"), has received a contract order for a LaserVision Robot Control System for Rocketdyne Propulsion and Power, a part of The Boeing Company (NYSE: BA). Boeing's Rocketdyne Division manufactures space power systems including the Atlas and Delta Expendable Launch Vehicle (ELV) rocket booster engines. This is the second order for MVS laser vision products for Rocketdyne. Rocketdyne plans to use the MVS LaserVision Robot Control System to increase product throughput by adding the MVS LaserVision system to a robotic manipulator used in the production of rocket thrust chambers. After extensive research and development work by Rocketdyne, it was determined that the MVS LaserVision system could decrease the amount of handling in the pre-furnace brazing operations for Atlas and Delta rocket thrust chambers. Additional uses for MVS systems are being considered. MVS LaserVision Robot Control Systems sell for between $50,000 and $100,000 each, depending on the configuration. MVS is striving to have its LaserVision Robot Control Systems and LaserVision Weld Seam Tracking and Inspection Systems as standard vision components for automated welding system integrators in a number of key industries. This order from Boeing Rocketdyne as well as the recent orders from JH Benedict, Noksel, Four Corporation and Automated Welding Systems, all of which have been publicly announced, reflects the growing success of MVS laser vision technology in penetrating not only the end user market but the welding and inspection equipment integration industries and their end users. MVSI manufactures and integrates machine vision systems for robotics, semiconductor and other industries, integrates and markets brand name proprietary and generic high-end computer system products and support services, provides technology training and performs computer software engineering and development for systems applications, including implementing solutions for the Year 2000 conversion. Except for historical information herein, certain matters discussed in this release include forward-looking statements that may involve a number of risks and uncertainties, which projections and statements are made pursuant to the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Actual risks and results may vary significantly based on a number of factors, including, but not limited to: risks in products and technology development; market acceptance of new products; continuing product demand; the impact of competitive pricing; and the company's relations with its customers. For additional information on MVSI, Inc., please contact the company at its principal executive offices at 8133 Leesburg Pike, Suite 750, Vienna, Virginia 22182, telephone 703-356-5353 and facsimile 703-356-5354. MVSI, Inc.'s Website is located at www.mvsiinc.com. SOURCE MVSI, Inc. CO: MVSI, Inc.; MVS Modular Vision Systems, Inc.; The Boeing Company ST: Virginia IN: CPR SU: CON