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Press release BoxID: 151423 (ISRA VISION)
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Strategically important contract in the FPD glass field of expansion

ISRA VISION: Strategic cooperation in the FPD business

(PresseBox) (Darmstadt, ) ISRA VISION AG (ISIN: DE 0005488100) – one of the top ten suppliers of industrial image processing (Machine Vision) and the world’s market leader for surface inspection systems – has signed a cooperation agreement with Nakan, the Japanese line integrator for FPD (flat panel display) production. ISRA will be delivering multiple inspection systems (Surface Vision) for a new production line for flat panel displays that Nakan is building. The size of the order is significantly over 1 million Euro.

The FPD Glass Business Unit is one of the important strategic sectors for the ISRA Group’s expansion. With this most recent project, ISRA is once again proving its prominent position on the market as the leading company in surface inspection. Nakan will be building a coating for automated FPD glass production for a producer in China. ISRA will be providing a series of various inspection systems for this project. "This order signifies the beginning of a fruitful partnership between Nakan, the prominent Japanese line integrator for automated FPD production and ISRA, the leading supplier of surface inspection systems," said Enis Ersü, Chairman of the Executive Board of ISRA Vision AG."Although we have already in the past booked several contracts in the growing market for FDP glass, this cooperative partnership with Nakan will take us to a new position in this industry."

ISRA VISION

ISRA VISION is a leading supplier of machine vision systems for surface inspection and robot guidance. Clients include Daimler, KUKA, ABB, BMW, Volkswagen, General Motors, Ford, Schott, Saint Gobain, Pilkington, MAN Roland, Asahi, 3M, DuPont, Stora Enso, Weyerhaeuser and Crane, among others.

Operating EBT in fiscal year 2006/2007 (ending Sept. 30) was € 6.3 million (2005/2006: € 10.0 million). Total output for 2006/2007 came to € 58.6 million (2005/2006: € 53.5 million). During the past ten years, ISRA was able to increase its total output by close to 31% per year on average, while EBT grew by an average 36% per year. ISRA is active world-wide and employs some 300 staff at its locations in Darmstadt, Karlsruhe, Herten, Oerlinghausen, Aachen, Atlanta, Columbus, Lansing, London, Shanghai, Beijing and Taoyuan.

ISRA uses digital image processing technology for the optical inspection of endless web materials (such as glass, film, nonwoven, paper) and for robot guidance tasks in the context of automated production and packaging. According to expert estimates, at present only some 25% of possible applications are being exploited. Currently the global market volume comes to some € 6.5 billion. Annual growth rates world-wide are currently estimated between 7% and 10%.