PPT Vision, Inc. Reports Second Quarter Fiscal 2002 Results

Minneapolis --May 21 --    PPT Vision, Inc. (Nasdaq: PPTV) today announced financial results for its fiscal second quarter ending April 30, 2002.  Net revenues for the second quarter were $1.6 million, which represents a decrease of 64% compared to net revenues of $4.4 million for the same period in fiscal 2001.  The Company's net loss was $1.6 million or 29 cents per share compared to a net loss of $597,000 or 11 cents per share for the same period in fiscal 2001.

For the six-month period, net revenues decreased 65% to $3.3 million, compared with $9.2 million for the previous year.  The Company reported a net loss of $3.2 million compared to a net loss of $1.0 million during the first six months of the previous year.  Net loss per share for the six-month period was 58 cents versus a net loss per share of 19 cents in the prior year.

'While our revenue levels were significantly lower than last year, they were generally in line with our expectations as the economic slowdown continued to adversely affect our business, especially early in the quarter,' said Joseph C. Christenson, President.  'However, late in the quarter we began to experience tangible improvements in business conditions and order activity, providing evidence that the economic recovery is beginning to impact our target markets.  This acceleration is supported by our current order backlog levels which are significantly greater than at this point last quarter.

'On a number of other fronts, this has been a quarter of significant accomplishments for PPT VISION,' Mr. Christenson continued.  'Over the past several weeks, we have seen the culmination of a number of important initiatives that will positively position the Company for the future.  We completed an important product development agreement with Electroglas, Inc., which calls for PPT to develop and manufacture a unique 3D sensor for this leading supplier of process management tools for the semiconductor industry. In addition, we received an order for over $300,000 for our new PPT861-SHTM 3Dand 2D inspection system from a major U.S.-based semiconductor manufacturer. We also successfully completed the first phase of our shareholder rights offering, which provided the Company with over $4.3 million of important growth capital which will enable us to take advantage of the expected forthcoming expansion in capital spending.   

'We greatly appreciate all the support that we have received from our customers, shareholders and employees during this important period for PPTVISION,' concluded Mr. Christenson.   

About PPT
PPT VISION, Inc. designs, manufactures, markets, and integrates 2D and 3D machine vision-based automated inspection systems for manufacturing applications.  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 2D machine vision product line is sold on a global basis to end-users, system integrators, and original equipment manufacturers (OEM's) primarily in the electronic and semiconductor component, automotive, medical device, and packaged goods industries.  The Company's SpeedScan 3D™ sensor, incorporating the Company's patented high-speed Scanning Moire Interferometry ™ technology is sold to original equipment manufacturers for specific applications.  The Company's PPT861TM 3D scanning system, which uses the Company's SpeedScan 3D sensor, is an application-specific inspection solution targeted at inspection of leaded and bumped components in the semiconductor back-end manufacturing process, inspection of surface-mount electronic connectors, and inspection of components used in hard disk drives. 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 seethe PPT VISION, Inc. web site at http://www.pptvision.com .

Conference Call
The Company has scheduled a conference call for 10:00 a.m. CDT on Tuesday, May 21, 2002.  In the conference call, the Company will discuss the results for the recent quarter and expectations with respect to future performance. The conference call will be broadcast live over the Internet by World InvestorLink's Vcall.  To listen live, go to http://www.vcall.com .    A digitized replay of the second quarter conference call will be available between 1:30 p.m. on May 21st and 11:59 p.m. on May 28th.  To access the replay please use the following numbers:  U.S. = (800) 475-6701 or International = (320) 365-3844; Access Code = 637536.   

Forward Looking Statements
The discussion above contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  The sestatements 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, PPT VISION's ability to successfully develop custom sensors for its OEM customers, 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 the section 'Business' under the caption 'Important Factors Regarding Forward-Looking Statements' contained in its filing with the Securities and Exchange Commission on Form 10-K for the year ended October 31,2001 and other reports filed with the Securities and Exchange Commission.