DVT to acquire MTI Machine Vision

JULY 14--DVT Corporation (Duluth, GA; www.dvtsensors.com) has entered into an agreement to acquire MTI Machine Vision LLC (Providence, RI).

Jul 14th, 2004

JULY 14--DVT Corporation (Duluth, GA; www.dvtsensors.com) has entered into an agreement to acquire MTI Machine Vision LLC, a Providence, RI-based company highly regarded for its semiconductor wafer-reading algorithms. Under terms of the agreement, DVT is acquiring the rights to MTI's machine-vision software products and intellectual property, as well as other related assets.

Commented Bob Steinke, DVT chairman and CEO, "We see this acquisition as an opportunity to combine MTI's algorithm library with DVT's broad range of smart-camera-based, general-purpose vision systems. The result will be high-performance and robust OCR and code-reading products."

DVT expects that the first products to benefit from this venture will include semiconductor wafer-reading OCR, barcode and 2-D identification algorithms, and alignment and defect-detection software. MTI's solutions for recognizing degraded images and identifying patterns have been adopted by many vision and inspection OEMs, and MTI's success in the semiconductor wafer industry will allow DVT broader access to another machine-vision market.

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