Turkey: First major contract for ISRA-PARSYTEC in the Metal sector
ISRA VISION: Important major orders in the Metal and FPD Glass business units
Strengthening its global presence, thus increasing its market penetration, constitutes an important pillar in ISRA s growth strategy. In line with this strategy, the company opened in 2007 its own branch office on the Bosporus so that it could more effectively develop the strongly growing Turkish market.
The sales office in Istanbul has for the first time won a significant contract to the tune of mid six-figures (in Euros) for the Metal business unit. The hot-strip inspection system constitutes the first Turkish contract for a customer from the Metal sector for a surface inspection system that is based on a new technology combining the advantages of solutions from both ISRA and PARSYTEC. With more than 250 systems installed in the Metal sector, thereof over 70 installed hot-strip inspection systems, this contract serves to emphasize the group's leading position in the global market for Metal inspection. Since the end of last year, ISRA has been offering an expanded product portfolio. By combining the highly innovative technologies from ISRA and PARSYTEC, it is possible to tailor the solutions to much more precisely suit the customers' individual requirements, thus benefiting the users even more.
"Our new ISRA-PARSYTEC products primarily for the Metal and Paper sectors are being well accepted by the customers throughout the world. In this area, PARSYTEC has really advanced the company by joining together with ISRA. The combination of the two leading technologies from PARSYTEC and ISRA is providing the customers with definite advantages. We are pleased that the still young branch office in Turkey has now also had success in the Metal sector with these solutions", Enis Ersü, Chairman of the Board of ISRA VISION AG, comments on this most recent sales success. Since the acquisition of PARSYTEC last summer, ISRA has become the world market leader in the Metal sector.
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%.