SOURCE: Integral Vision

February 26, 2009 09:00 ET

Integral Vision, Inc. Announces Repeat SharpEye™ System Orders From Its Largest Customer

WIXOM, MI--(Marketwire - February 26, 2009) - Integral Vision, Inc. (OTCBB: INVI), a leading global supplier of automated display inspection technology, today announced it has received an additional order for the Company's SharpEye™ inspection system from its largest customer. These systems will be used to inspect MEMS displays that will be manufactured in Taiwan. Delivery of these systems is expected to be complete in the first half of 2009.

"We are gratified by the follow-on order from our largest customer for the Company's SharpEye inspection system," said Charles J. Drake, chairman and CEO of Integral Vision, Inc. "The MEMS display manufacturing facility in Taiwan is on track to reach volume production later this year. These displays are being adopted by a large number of companies that desire the power efficiency of these displays for hand-held devices. We expect to provide inspection of this display at several locations in the production process. Only one of these locations is fully specified and the number of orders we currently have is only a small portion of the volume expected by the end of this year. Furthermore, this plant has planned continuous expansion for several years."

Drake continued, "In the first quarter of 2009, we expect to have shipments from our backlog that exceed last year's sales. In addition to this particular MEMS customer, we expect to see sales increase in other areas, particularly in the e-Paper market." Drake concluded, "We are confident that our product traction and customer acceptance positions Integral Vision to have a strong year in spite of present economic turmoil."

About Integral Vision

Integral Vision, Inc. (OTCBB: INVI), an ISO 9001 registered firm, offers display inspection technology that provides analysis of functional and cosmetic defects in the display to assure quality in the manufacturing process as well as verification of the final product. Integral Vision has been inspecting displays since 1992 and is an industry leader committed to providing automated solutions to the quality issues Microdisplay, OLED and LCD manufacturers face in today's competitive marketplace. More information can be found at Website: www.iv-usa.com.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such factors and uncertainties include, but are not limited to: competitive conditions in the Company's markets and the effect of competitive products and pricing; technological development by the Company, its customers and its competition; the Company's available cash and access to debt and equity financing; and general economic conditions and conditions in the specific industries in which the company has significant customers. As a result, the Company's results may fluctuate. Additional information concerning risk factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in the Company's filings with the Securities and Exchange Commission. These forward-looking statements represent the Company's best estimates as of the date of this press release. The Company assumes no obligation to update such estimates except as required by the rules and regulations of the Securities and Exchange Commission.

Contact Information

  • Contacts:

    Corporation:
    Integral Vision, Inc.
    Charles J. Drake
    (248) 668-9230
    Email Contact

    Investors and Media:
    Guerrant Associates
    Laura Guerrant
    (808) 882-1467
    Email Contact