2009 takes off with incoming orders as expected - financial management team expanded

ISRA VISION AG: Management expansion follows company growth

(PresseBox) ( Darmstadt, )
ISRA VISION AG (ISIN DE 0005488100), globally one of the top five suppliers for industrial image processing (Machine Vision) and the world market leader for surface inspection systems, is bolstering its growth by increasing its infrastructure. To this end, the dynamic, globally operating company is enhancing its financial management. ISRA has appointed Martin Heinrich to the position of Chief Financial Officer (CFO). "Mr. Heinrich knows the company very good and understands the objectives of the financial department. In the many years that we have worked together, he has made valuable contributions to the growth of the company in his role as a financial officer - he has been well prepared for this great task. By adding him to the financial management team, we are taking another step on our path to growth", Ersü, the chairman of the board, explained Heinrich's appointment to CFO. "We are expecting his team to create additional impetus towards cash flow and profitability." ISRA already benefits from a great deal of planning reliability, as its figures for the 2007/2008 fiscal year show. The augmentation to the financial management will ensure this standard even with continued dynamic growth, further improving the efficiency of ISRA's risk management. Until now, these tasks have fallen to the chairman of the board, who will nevertheless continue to personally oversee the Investor Relations division.

In the first several days of the new calendar year, the company has already received orders worth more than two million Euros. The current global economic situation may even prove an opportunity for ISRA. After all, ISRA's solutions offer customers exactly what they especially need in economically difficult times: reduction in costs and increase in quality. The customer can thus boost their production's level of productivity. ISRA products provide ROI (return on investment) in both old and new production lines. It usually takes less than a year for an ISRA system to pay for itself. Automation is the best way to reduce costs, and automated inspection furthermore guarantees a pre-defined level of quality. Innovative yield management solutions allow the customer to optimize their profits.

Following an in-depth analysis of all relevant market and budget decisions made by its key customers, the executive board of the ISRA Group will be publishing in February of 2009 a concrete growth forecast with figures for the current fiscal year.
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