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Technology Stocks : GSCN - General Scanning -- Ignore unavailable to you. Want to Upgrade?

To: Thomas C. Donald who wrote (132)	6/15/1998 8:55:00 AM
From: nmsparky	Respond to of 167

Monday June 15, 8:25 am Eastern Time Company Press Release SOURCE: General Scanning Inc. General Scanning and Robotic Vision Systems Settle View Acquisition Litigation NEW YORK, June 15 /PRNewswire/ -- General Scanning Inc. (Nasdaq: GSCN - news) and Robotic Vision Systems, Inc. (Nasdaq: ROBV - news; ''RVSI'') today jointly announced execution of a settlement of RVSI's claims arising out of General Scanning's acquisition of View Engineering, Inc. (''View'') in August 1996. RVSI claimed that General Scanning used improperly obtained information in connection with the acquisition. General Scanning denied all such claims. Under the agreed upon settlement, General Scanning has agreed not to compete for ten years in the inspection of interconnect leads of semiconductor packages as described below. Under the settlement, General Scanning licenses to RVSI its 2D and 3D vision technology solely and exclusively for RVSI's use in the inspection of leads, pins, balls, bumps and other present and future device interconnection leads. In consideration for the technology license and non-competition agreement, RVSI agreed to pay General Scanning $3.75 million. RVSI's remaining patent suit against General Scanning is unaffected by the current settlement. To the extent this news release discusses financial projections, information or expectations about either company's products or markets, or otherwise makes statements about the future, such statements are forward- looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These and other risks are detailed in the companies' Annual Reports on Form 10-K with respect to their respective most recent fiscal years and the Quarterly Reports on Form 10-Q with respect to their respective most recent fiscal quarters. General Scanning, headquartered in Watertown, MA, develops and manufactures a broad line of laser systems for a wide range of applications in the electronics, semiconductor, medical, automotive and aircraft industries. In addition, General Scanning produces a line of laser subsystems and components which are used in General Scanning's own systems as well as sold to other manufacturers of laser systems. General Scanning also designs and manufactures under ISO 9001 certification a line of thermal printers for leading medical instrument and photo/graphic art companies. For more information about General Scanning, visit the company on the Internet at genscan.com. RVSI is the largest company supplying a broad line of 1-D, 2-D and 3-D machine vision-based systems for inspection, measurement and identification, and is a leader in advanced electro-optical sensor technology. RVSI electronics has developed patented 3-D ''in-tray'' inspection systems which are the industry standard for inspection of leaded semiconductor devices. RVSI Systemation is a leader in electronic component processing systems. RVSI Vanguard is a leading supplier of ball grid array (BGA) and chip scale packaging (CSP) equipment for the semiconductor and connector industries. RVSI's Acuity Imaging and Northeast Robotic Divisions provide 2-D machine vision and lighting solutions. Its CiMatrix Division manufactures automated data collection products, networks and linear and 2-D bar code reading systems. SOURCE: General Scanning Inc.