Basler AG

ots Ad hoc-Service: Basler AG Basler AG Readying Photobit Corp. Shareholding for Its Market Debut

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    Ahrensburg  (ots Ad hoc-Service) -    

    - Will Keep 16% Share of this High-Tech Forge Following Capital Increase     - Photobit Corp. Public Share Offering Planned in 2001

    Basler AG - the leading manufacturer in the field of vision technology - takes part in the last capital increase of Photobit Corporation (USA) before the going public and maintains its solid 16% share. Such a strategic share of this world's leading company in the field of CMOS image sensoring gives Basler assured access to the key technology of image sensoring and includes joint developments for high-resolution and rapid-processing cameras. This reinforces Basler's expertise in the artificial vision's core technologies and its outstanding position among the competition for future mass applications of such vision technology. The capital increase put some US$ 20 million into Photobit's coffers. Basler AG will assume US$ 3.2 million of this, with this action being used to expand its product portfolio and worldwide sales network. Photobit's initial offering on the Nasdaq is planned for the summer of 2001. Besides the founders, Basler AG remains the largest shareholder in Photobit and will keep a seat on its Board of Directors. This interest in Photobit has been extremely fruitful since September 1999. The first joint product developments are in the prototype stage and have been delivering excellent results.

    Basler AG, an international high-tech company with headquarters in Ahrensburg near Hamburg, is a leading manufacturer of vision technology, the technology on which artificial vision systems are based. The systems and components produced by the company are crucial for the optimisation of industrial production processes. The basic conditions for a tremendous growth in sales and revenues are most promising since currently only approximately 10 per cent of all potential applications have been identified.

    Further Information Christian Höck - Investor Relations Basler AG An der Strusbek 60-62 22926 Ahrensburg Tel. 04102-463 175

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