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Factorshares 2X Tbond Bull S&P500 Bear | AMEX:FSA | AMEX | Fund |
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RNS Number:5005I Formscan PLC 10 March 2003 New Contract The directors of Formscan plc, which specialises in Document Integrity and Case Management Solutions, are pleased to announce that its US subsidiary, Formscan Inc, has received a large order from Japan for its Inspectron Vision Systems. The order, valued at over #500,000, is for delivery to the second largest forms printing company in Japan. Formscan's partner in Japan will integrate 78 high-speed machine vision systems into the overall solution being delivered to their customer. These units will monitor code numbering and sequence checking of forms and telephone bills, as they are printed at very high speed. Delivery is required before July 31 this year. A substantial deposit with order will fund manufacturing of the systems, almost half of which will be supplied from existing inventory. Chairman Allan Harle reports, "Since its acquisition of the business and assets of Inspectron Corp a year ago, Formscan has been able to revive a number of earlier Inspectron sales prospects. This order is the largest received for one batch of Vision Systems, and reinforces the benefits of combining the Formscan and Inspectron organizations, especially in competition for International business. Formscan's business volumes in both UK and US are increasing over the levels of last year, and this order will help to underpin Formscan's planned return to profitability for the current year. " For more information contact: John Harvey 44 (0) 1373 452 555 www.formscan.com www.inspectron.com email info@formscan.com This information is provided by RNS The company news service from the London Stock Exchange END CNTSFIFSSSDSEFD
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