Parsytec AG

Change in Supervisory Board following takeover by ISRA

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professional career

Aachen (euro adhoc) - 2 August 2007. Parsytec AG - the world's leading supplier of surface and web inspection systems for strip products - has announced the resignation of the members of its Supervisory Board with immediate effect.

Today, the current Supervisory Board members Rolf Geisen, Siegfried Hoffmann and Dr Günter Bleimann-Gather resigned their positions with immediate effect. The Company intends to apply to the Aachen Local Court to have Messrs Prof Dr Henning Tolle, Prof Dr Folker Weißgerber und Dr-Ing h.c. Heribert J. Wiedenhues appointed as its new members of the Supervisory Board.

"Job done," explained the resigning Chairman of the Supervisory Board Rolf Geisen. "We came here on 1 February with the aim of finding a new strategic home for Parsytec. Thanks to the committed support of the Executive Board and the management team, the investment bank Lincoln International and, of course, the former majority shareholder we have achieved this in a remarkably short time with the acquisition of a majority of shares by ISRA VISION AG. The joint market presence in the area of surface and web inspection and machine vision means security for the future, innovation and growth for customers, shareholders and employees. We are particularly glad that high-quality jobs have been secured for Aachen through ISRA."

The three members of the designated Supervisory Board are experienced, former top managers and scientists.

The Executive Board thanks the departing members of the Supervisory Board on behalf of the Company for their outstanding contribution to the rapid implementation of the M&A transaction and wishes the new Supervisory Board every success in leveraging the synergy potential.

Parsytec AG is the world´s largest vendor of surface inspection systems: today, 10 of the Top 10 steel producers and 15 of the Top 20 paper producers apply Parsytec products. With more than 450 installations worldwide, espresso by Parsytec is the most advanced surface inspection system providing customers in the Steel, Aluminum and Paper industry with reliable and comprehensive information about the relevant surface defects at all production steps. The innovative software platform parsytec 5i enables customers to easily create individual surface quality yield management applications and integrates surface quality data with process data. Parsytec is headquartered in Aachen, Germany, and maintains subsidiaries in North America, Korea, and China.

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ots Originaltext: Parsytec AG
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Parsytec AG
Investor Relations
Tel ++49(241)9696-200
Fax ++49(241)9696-500

Branche: Software
ISIN:      DE000A0JQ4J9
WKN:        A0JQ4J
Index:    Prime All Share, Technologie All Share, CDAX
Börsen:  Börse Frankfurt / regulated dealing/prime standard
              Börse Berlin / free trade
              Börse Hamburg / free trade
              Börse Stuttgart / free trade
              Börse Düsseldorf / free trade
              Börse München / free trade

Weitere Meldungen: Parsytec AG

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