Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Image Processing Systems (IPV-TSE) -- Ignore unavailable to you. Want to Upgrade?

To: Robert van Mil who wrote (531)	5/4/1999 1:39:00 PM
From: Robert van Mil	Read Replies (1) \| Respond to of 658

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-