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RVSI Gets $1.4 Million of Orders for Semiconductor Inspection Systems
POSTED 05/29/2002
RVSI orders include cancellation of systems from a competitor
CANTON, MASSACHUSETTS - May 29, 2002 -Robotic Vision Systems, Inc. (RVSI) (NASDAQ: ROBV) today said its Semiconductor Equipment Group has received orders totaling $1.4 million for multiple semiconductor inspection systems from an Asian-based subcontract semiconductor assembly organization. 'The order is important for two reasons: first, because it is further evidence of the revival of the semiconductor capital equipment market,' said Michael Gray, Vice President - Sales and Marketing for the Semiconductor Equipment Group. 'The more important reason is that one of these orders was originally awarded to a competitor offering lower priced equipment. Upon further investigation by the customer, it was determined that the competitor 's equipment was unable to reliably find defects in advanced BGA packages. The customer has cancelled that order and awarded the entire purchase to RVSI.'
Machine-vision-based semiconductor inspection systems are used by chip manufacturers to examine packaged integrated circuits. Depending upon options, such systems can cost up to $500,000 each. RVSI's systems check to ensure that leads or ball-grid arrays on finished integrated circuits meet specification, and also perform package visual inspection to find surface defects on parts. RVSI's patented, laser-based 3-D technology provides the highest quality of machine vision available for connector, lead, and ball-grid-array inspection.
About RVSI
Robotic Vision Systems, Inc. (RVSI) (NASDAQ:ROBV) has the most comprehensive line of machine vision systems available today. Headquartered in Canton, Massachusetts, with offices worldwide, RVSI is the world leader in vision-based semiconductor inspection and media transfer equipment. Using leading-edge technology, RVSI joins vision-enabled process equipment, high-performance optics, lighting, and advanced hardware and software to assure product quality, identify and track parts, control manufacturing processes, and ultimately enhance profits for companies worldwide. Serving the semiconductor, electronics, aerospace, automotive, and pharmaceutical industries, RVSI holds approximately 100 patents in a broad range of technologies.
Forward Looking Statement
Except for the historical information herein, certain matters discussed in this release include forward-looking statements that may involve a number of risks and uncertainties. Actual results may vary significantly based on a number of factors, including, but not limited to: the historical cyclical nature of the semiconductor industry, risks in products and technology development, market acceptance of new products and continuing product demand, the impact of competitive products and pricing, changing economic conditions, both here and abroad, timely development and release of new products, strategic suppliers and customers, the effect of the company's accounting policies and other risk factors detailed in the Company's most recent registration statement, annual report on Form 10-K and 10K/A, and other filings with the Securities and Exchange Commission.
For further information contact:
Neal H. Sanders
(781) 302-2439