Successful market introduction of the BankStar product - Major order for the inspection of Chinese Banknotes
ISRA VISION: Innovative technology ensures important success in sales in the security and specialty paper division
BankStar is an innovative product that augments the current ISRA inspection solutions significantly. With a 100 percent inspection based on a camera technology, BankStar meets the increased requirements of issue banks worldwide. The latest contract has a value of around one million Euros. ISRA succeeded in acquiring CBPMC as another major customer for this innovative product. ISRA is now number one worldwide in the security and specialty paper sector. In the highly specialized market of bank note paper inspection, the company is a reliable partner who is qualified by many central banks. Convincing existing customers of the benefit of new products and winning new customers constitute the basis of ISRA s profitable growth strategy.
"We are delighted to have convinced our customer, CBPMC, of the high value of the extended image processing functions of BankStar and we are confident of winning further customers for this innovative product soon. With BankStar, we have opened another additional important potential revenue opportunity", comments Enis Ersü, Chairman of the Board at ISRA, on this latest Chinese order.
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%.
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