Farmington Hills, MI (August 7, 2002) - Integral Vision, Inc. (OTCBB/INVI.OB) today announced that it has signed a Letter of Intent with global test equipment manufacturer DaTARIUS Technologies GmbH for DaTARIUS to buy Integral Vision's assets related to inspection systems for the optical disc industry, including the names "Automatic Inspection Systems" and "AID." The sale will be completed during August this year. Terms of the sale have not been released.

Charles J. Drake, Chairman and CEO of Integral Vision, stated: "Though we believe opportunities remain in optical media inspection, we are currently focusing all of our energies on inspection of small flat panel displays, especially Microdisplays. We are delighted to have been able to reach an agreement with a company of such prestige as DaTARIUS."

The sale will include Integral Vision's market-leading range of print and identification code products used to inspect the printing stage of disc manufacture. "We see the addition of Integral Vision's products as strengthening the range of products and services we can offer our customers," said Pierre-Antoine Berthold, Chairman of the Board at DaTARIUS. "This is a logical step toward providing our customers with a complete range of testing systems."

The optical disc inspection systems purchased from Integral Vision will be integrated into the DaTARIUS operations in Orange County, California and will be complemented by the opening of a sales and service center by DaTARIUS in the Detroit area.

Integral Vision, Inc., an ISO 9001 registered firm, offers machine vision-based inspection systems to the industrial manufacturer. Integral Vision is a leading supplier of machine vision systems used to monitor or control the manufacturing process. Vision systems are used to supplement human inspection or provide quality assurance when production rates exceed human capability. More information can be found at Website: www.iv-usa.com.

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. Such statements are based on management's current expectations and are subject to a number of factors and uncertainties which could cause actual results to differ materially from those described in the forward-looking statements. Such factors and uncertainties include, but are not limited to: competitive conditions in the Company's markets and the effect of competitive products and pricing; technological development by the Company, its customers and its competition; the Company's available cash and access to debt and equity financing; and general economic conditions and conditions in the specific industries in which the company has significant customers. As a result, the Company's results may fluctuate. Additional information concerning risk factors that could cause actual results to differ materially from those projected in the forward-looking statements are contained in the Company's filings with the Securities and Exchange Commission. These forward-looking statements represent the Company's best estimates as of the date of this press release. The Company assumes no obligation to update such estimates except as required by the rules and regulations of the Securities and Exchange Commission.

###

Home | Top Of Page