SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities and Exchange Act of 1934
Date of Report (date of earliest event reported) September 9, 2002
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INTEGRAL VISION, INC.
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(exact name of registrant as specified in its charter)
MICHIGAN 0-12728 38-2191935
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
38700 GRAND RIVER AVE., FARMINGTON HILLS, MICHIGAN 48335
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (248) 471-2660
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INTEGRAL VISION, INC.
FORM 8-K
Item 5. Other Events
On September 9, 2002, Integral Vision issued the following press release
announcing that DaTARIUS Technologies Inc., a subsidiary of global test
equipment manufacturer DaTARIUS Technologies GmbH, has purchased Integral
Vision's assets related to inspection systems for the optical disc industry,
including the names "Automatic Inspection Systems" and "AID".
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FOR IMMEDIATE RELEASE
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CONTACT: CHARLES J. DRAKE
E-MAIL: CDRAKE@IV-USA.COM
TELEPHONE: 248/471-2660
FACSIMILE: 248/615-2971
INTEGRAL VISION ANNOUNCES
OPTICAL DISC INSPECTION PRODUCT LINES SOLD TO DATARIUS
FARMINGTON HILLS, MI (SEPTEMBER 9, 2002) -- INTEGRAL VISION, INC.
(OTCBB/INVI.OB) today announced that DaTARIUS Technologies Inc., a subsidiary of
global test equipment manufacturer DaTARIUS Technologies GmbH, has purchased
Integral Vision's assets related to inspection systems for the optical disc
industry, including the names "Automatic Inspection Systems" and "AID." The sale
included Integral Visions optical disc scanner products as well as its range of
print and identification code products used to inspect the printing stage of
disc manufacture. Terms of the sale have not been released.
"We believe that DaTARUIS's reputation and global presence will allow them to
increase sales for each of the optical disc product lines they have purchased,"
Charles J. Drake, Chairman and CEO of Integral Vision, stated: "We expect
royalties from these sales to help fund the growth of Integral Vision's product
offerings for the inspection of small flat panel displays, especially
Microdisplays."
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.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
INTEGRAL VISION, INC.
(Registrant)
DATE: September 11, 2002 By: /S/ VINCENT SHUNSKY
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Vincent Shunsky,
Treasurer and Director
(Acting Chief Financial Officer)