MechVisual Announces Turnkey 3D Robotic Vision Guidance System for ABB Inc. Material Handling Robot; Patented Robotic Vision Package Delivers Efficiency to Automotive Plants

    SANTA CLARA, Calif.--Nov. 19, 2002--MechVisual Inc., a provider of three-dimensional (3D) robotic vision systems, announced today the release of their turnkey 3D vision guidance package for ABB Inc.'s popular IRB 6600 industrial robot. MechVisual's patented software uses off-the-shelf hardware, and industry standard interfaces poising MechVisual to become the leading robotic vision system for the material handling operations of automobile and light truck assembly lines globally.
    According to a recently published report by ARC Advisory, "General Purpose Machine Vision Systems," the single greatest complaint by users in deploying vision systems is the lengthy and expensive set-up and maintenance issues with current solutions. In the survey, Author Dick Slansky states that over 40% of vision users cited ease of use as the most important factor in the purchase decision.
    "Unlike currently available robotic vision systems, MechVisual's non-calibrated, 3D robotic vision system enable plants to setup their vision systems in 3 to 5 hours, as opposed to 3 to 5 weeks," said MechVisual CEO Bruce Fryer. "Our systems lower the total cost of ownership and maximizes ease of use through intuitive point-and-click features. Customers realize dramatic gains in productivity and profitability with typical capital recovery periods measured in weeks - not years." MechVisual is in pre-production development at automotive assembly and stamping plants in the U.S.
    Formed in December 2001, MechVisual has recently closed the first tranche of its Series A financing with lead investor Viridian Capital Partners. Viridian, a private equity firm based in Charlotte, NC and Greenwich, CT, invests in industrial IT companies that develop new technologies to drive efficiency and profitability for large-scale, global enterprises.

    About MechVisual Inc.:

    MechVisual Inc., based in Salt Lake City, UT, provides three-dimensional (3D) robotic vision guidance systems for industrial material handling applications. MechVisual's patented software is currently the only robotic vision system utilizing non-calibrated, 3D positioning. Benefits to MechVisual's customers include significant savings in engineering and line changeover expenses and increased throughput and worker safety. For more information please call 435-655-2732 or visit the Web at http://www.mechvisual.com.

    About ARC Advisory Group:

    Founded in 1986, ARC Advisory Group (http://www.arcweb.com) is the leader in providing strategic planning and technology assessment services to leading manufacturing companies, utilities, and global logistics providers, as well as to software and solution suppliers worldwide. From global companies to small start-up firms, ARC provides the strategic knowledge needed to succeed in the manufacturing and utility industries.

    For latest PR developments, please contact Steve Bosak at 630-406-6130 or e-mail: pr@mechvisual.com