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PPT VISION, Inc. Receives Follow-on Orders for Multiple 3D Scanning Systems
Datalogic USA, Inc. Posted 06/13/2000
MINNEAPOLIS -- PPT VISION, Inc. (Nasdaq: PPTV) announced today that it has received follow-on orders for three PPT861™ 3D inspection systems from a leading manufacturer of precision components for hard disk drives. The PPT861 system is equipped with PPT's patented SMI™-based (Scanning Moiré Interferometry™) SpeedScan 3D™ sensor. In this application, the PPT861 is used to perform high speed 3D topographic mapping and inspection of critical dimensions. The Company expects to ship these systems in its fourth quarter of fiscal year 2000.
"These orders came shortly after the successful installation of the first PPT861 system at this customer's site during our second quarter," commented Joseph C. Christenson, President of PPT VISION, Inc. "Given the throughput and accuracy advantages of our PPT861 system, enabled by the use of our patented SpeedScan 3D sensor, we expect strong future growth in the three market niches we have targeted. We are very pleased with this positive business development in our Microelectronics Systems Division," concluded Mr. Christenson.
The PPT861 is a high speed, semi-automated 3D scanning and inspection system. Utilizing PPT's patented SMI 3D technology, the system performs 3D measurements at speeds many times faster than traditional approaches. The PPT861 focuses on specific applications in the electronics and semiconductor industries including electronic connectors, disk drive components, and leaded and bumped semiconductor components.
PPT VISION, Inc. designs, manufactures, markets, and integrates machine vision-based automated inspection systems for manufacturing applications such as electronic and mechanical assembly verification, verification of printed characters, packaging integrity, surface flaw detection, and gauging and measurement tasks. Machine vision-based inspection systems enable manufacturers to realize significant economic paybacks by increasing the quality of manufactured parts and improving the productivity of manufacturing processes. The Company's vision systems are sold throughout the Americas, Europe and Asia to a broad range of industry categories including manufacturers of automotive, electronic and semiconductor components, consumer goods, pharmaceuticals and plastics. The Company's Common Stock trades on the Nasdaq National Market tier of The Nasdaq Stock Market under the symbol PPTV. For more information, please see the PPT VISION, Inc. web site at http://www.pptvision.com
The discussion above contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements by their nature involve substantial risks and uncertainties as described by PPT VISION's periodic filings. Actual results may differ materially depending on a variety of factors, including, but not limited to the following: changes in worldwide general economic conditions, cyclicality of capital spending by customers, PPT VISION's ability to keep pace with technological developments and evolving industry standards, worldwide competition, and PPT VISION's ability to protect its existing intellectual property from challenges from third parties and other factors. Additional information with respect to the risks and uncertainties faced by PPT VISION may be found in the section "Business" under the caption "Important Factors Regarding Forward-Looking Statements" contained in its filing with the Securities and Exchange Commission on Form 10-K for the year ended October 31, 1999 and its Forms 10-Q for the quarter ending January 31, 2000.