Ancora completes purchase of Robotic Vision System's Semiconductor Capital Equipment business

April 7, 2005
APRIL 7--Ancora Management LLC (Hauppauge, NY) has completed the purchase of the assets of the Robotic Vision Systems Inc. Semiconductor Equipment Group.

APRIL 7--Ancora Management LLC (Hauppauge, NY) has completed the purchase of the assets of the Robotic Vision Systems Inc. Semiconductor Equipment Group (SEG). Robotic Vision Systems has been operating under US Bankruptcy Court protection. The sale of SEG was approved by the Bankruptcy Court. The business will operate as RVSI Inspection LLC and will continue to be based in Hauppauge, NY. Charles Evans, Ancora's managing member, will serve as president of RVSI Inspection. RVSI Inspection manufactures, sells, and services the WS-series of bumped wafer inspection systems and the LS series of assembled Integrated Circuits inspection systems.

Evans commented that "RVSI offers the best technological approach to both lead scanning and wafer inspection; its products offer superior price performance advantages. We believe that RVSI has great products and a great market position; this is what the customers told us when we spoke to them prior to completing the acquisition. With the addition of Ancora's financial depth and discipline, RVSI Inspection's Hauppauge staff now has the chance to make and support those great products like a true world-class company, a potential it has long strived for but been unable to obtain."

Ancora Management LLC is located in Greenwich, CT, and has made investments in a number of operating companies including Great Lakes MDF LLC and Cleveland Thermal LLC.

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