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PPT VISION, Inc. Announces New OEM Supply Agreement with Automated Assemblies Corporation
MINNEAPOLIS, June 15 -- PPT VISION, Inc. (Nasdaq: PPTV - News), announced today that it has entered into a new OEM Supply Agreement with Automated Assemblies Corporation (AAC), a worldwide leader in supplying innovative automation and robotics solutions for the plastics industry. PPT VISION, Inc. (PPT) is supplying AAC with its IMPACT™ T-series intelligent camera hardware and its Inspection Builder™ machine vision software for integration into AAC's RAPTOR™ line of robotic and automation systems. The IMPACT hardware and Inspection Builder software is being supplied to AAC on a private label OEM basis and is tightly integrated within AAC's Linux-based RAPTOR™ machine control software. The IMPACT units perform a variety of inspection, measurement and guidance tasks on plastic components while being handled by AAC's robotic and automation systems.
‘‘The way PPT combines flexible machine vision software with powerful intelligent camera hardware makes the overall technical capabilities of PPT's product offerings a good match for our requirements,’‘ stated Mr. Stephan Braig, President of AAC. ‘‘In particular, the power and flexibility of their vision software has enabled a smooth integration with our Linux-based machine control software,’‘ concluded Mr. Braig.
‘‘We are very pleased that a world-class robotics and automation company such as AAC has selected our IMPACT product family for integration into their automation systems,’‘ stated Mr. Joe Christenson, President of PPT. ‘‘We are highly committed to providing AAC with innovative machine vision solutions in response to their specific requirements, backed up by highly competent application engineering support,’‘ concluded Mr. Christenson.
About Automated Assemblies Corporation
Automated Assemblies Corporation provides innovative custom automation and robotics solutions to the plastics injection molding industry worldwide. AAC has 30 plus years of experience in all areas of injection molding automation serving the medical device, automotive, consumer electronics and contract manufacturing industries. The company has sales and support operations located throughout America, Asia and Europe. For more information, please see the AAC web site at http://www.aac-robot.com.
About PPT VISION
PPT VISION, Inc. (‘‘the Company’‘) designs, manufactures, and markets camera-based intelligent systems for automated inspection in manufacturing applications. The Company's products, commercially known as machine vision 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 machine vision product line is sold on a global basis to end-users, system integrators, distributors and original equipment manufacturers (OEM's) primarily in the electronic and semiconductor component, automotive, medical device, and packaged goods industries. The Company's Common Stock trades on the Nasdaq Small Cap 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.
Forward-Looking Statements
The discussion above contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's expectations, beliefs, intentions and strategies regarding the future. Forward-looking statements include, without limitation, statements regarding the extent and timing of future revenues and expenses and customer demand. All forward-looking statements included in this document are based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any such forward- looking statements.
The Company's actual results are subject to risks and uncertainties and could differ materially from those discussed in the forward-looking statements. These statements are based upon the Company's expectations regarding a number of factors, including the Company's ability to obtain additional working capital if necessary to support its operations, the success of the Company's new IMPACT machine vision micro-system, changes in worldwide general economic conditions, cyclicality of capital spending by customers, the Company's ability to keep pace with technological developments and evolving industry standards, worldwide competition, and the Company's ability to protect its existing intellectual property from challenges from fourth parties. A detailed description of the factors that could cause future results to materially differ from the Company's recent results or those projected in the forward-looking statements are contained in the section entitled ‘‘Description of Business’‘ under the caption ‘‘Important Factors Regarding Forward-Looking Statements’‘ contained in its filing with the Securities and Exchange Commission on Form 10-KSB for the year ended October 31, 2004 and other reports filed with the Securities and Exchange Commission.
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