PPT VISION, Inc. Receives Record $3.7 Million Purchase Order

MINNEAPOLIS, August 17 /PRNewswire/ -- PPT VISION, Inc. (Nasdaq: PPTV) announced today that it has received an order exceeding US $3.7 million as part of its long-term original equipment manufacturing (OEM) supply agreement with Tokyo Weld, Co., Ltd.  Tokyo Weld is a world leader in developing and manufacturing a broad range of high speed passive component assembly and test equipment.  Tokyo Weld's products are sold to electronic parts manufacturing companies throughout the world.  PPT VISION's high speed machine vision inspection systems are integrated with Tokyo Weld's high performance passive component production equipment to perform 100%, on-line inspection tasks of individual components.  The Company expects to begin shipping units covered by this order in September 2000.

As demand for new generations of smaller electronic products, such as cellular phones and hand held PC's, is increasing, demand for newer and smaller surface mount passive components is also increasing.  Along with this trend, manufacturers are demanding higher quality levels, 100% inspection, and zero defect production which are enabled by the use of high speed, on-line machine vision technology.  Tokyo Weld has a world class expertise in high speed handling and testing of surface mount passive components.  PPT VISION has a world class expertise in high speed inspection of discrete components. 

"We are very pleased with the positive business relationship which exists between PPT and Tokyo Weld," stated Mr. Joseph C. Christenson, President of PPT VISION, Inc.  "We are dedicated to serving the machine vision needs of Tokyo Weld and we look forward to continuing our positive long-term business relationship," concluded Mr. Christenson.

About Tokyo Weld

Tokyo Weld Co., Ltd., Ota-ku, Tokyo, Japan, specializes in providing equipment and systems for back-end processes in manufacturing diversified surface mount technology (SMT) chip components, such as resistors, capacitors, inductors, LEDs, diodes, transistors, and filters.  Tokyo Weld's three (3) major products are designed for Testing, Vision Inspection and Taping of diversified SMT chip components.  System capabilities include electrical characteristic testing (measurement), vision inspection (image processing) and packing (taping, bulk packing etc.).  Tokyo Weld also has various full in-line systems which satisfy users for soldering, testing, marking, forming, and taping electronic parts with leads.

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About PPT VISION

PPT VISION, Inc. designs, manufactures, markets, and integrates machine vision-based automated inspection systems for manufacturing applications such as electronic and mechanical assembly verification, verification of printed characters, packaging integrity, surface flaw detection, and gauging and measurement tasks.  Machine vision-based inspection 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 vision systems are sold throughout the Americas, Europe and Asia to a broad range of industry categories including manufacturers of automotive, electronic and semiconductor components, consumer goods, pharmaceuticals and plastics.  The Company's Common Stock trades on the Nasdaq National 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.

The discussion above contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements by their nature involve substantial risks and uncertainties as described by PPT Vision's periodic filings.  Actual results may differ materially depending on a variety of factors, including, but not limited to the following: changes in worldwide general economic conditions, cyclicality of capital spending by customers, PPT Vision's ability to keep pace with technological developments and evolving industry standards, worldwide competition, and PPT Vision's ability to protect its existing intellectual property from challenges from third parties and other factors.  Additional information with respect to the risks and uncertainties faced by PPT  Vision may be found in PPT Vision Risk Factors contained in its filings with the Securities and Exchange Commission including its 10-K for the year ended October 31, 1998 and its Forms 10-Q for the quarters ending January 31, April 30 and July 31, 1999.

For more information contact:
Richard R. Peterson
Chief Financial Officer
www.pptvision.com