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Template for HA Research Notes - ISRA VISION AG

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<strong>ISRA</strong> Vision<br />

Company background<br />

Business model<br />

Whenever the limits of human visual perception are surpassed, machine vision<br />

technology is used to inspect welds, surfaces, printed pattern, folded carton,<br />

identify workpieces, guide robots or check completeness. Intelligent systems<br />

are able to learn recurring defects and allow <strong>for</strong> a systematic rectification,<br />

resulting in improved up-time.<br />

Also, defective parts are not passed on to subsequent manufacturing stages,<br />

thus enabling a 100% quality target in a cost effective way. <strong>ISRA</strong> Vision’s core<br />

competences (called BrainWARE ®) are due to the combination of soft- and<br />

hardware, incorporating industry-specific process know-how, algorithms to<br />

process vision data and an optimal system design to produce quality data in a<br />

reliable and fast way.<br />

<strong>ISRA</strong> Vision <strong>AG</strong> provides systems <strong>for</strong> industrial image processing using<br />

application-specific modular standard software solutions <strong>for</strong> surface inspection,<br />

robot guidance, and quality control applications, which are developed,<br />

produced and marketed by the company. The application specific machine<br />

vision systems are focusing on:<br />

• Automation of quality control<br />

• Automation of production<br />

• Yield enhancing production decision intelligence<br />

Reporting divisions<br />

<strong>ISRA</strong> Vision operates in two divisions:<br />

• Surface Vision Division (82% of 2009/10 sales): optical quality<br />

inspection systems mainly <strong>for</strong> sheet products such as flat glass, solar,<br />

display glass, paper, plastic, nonwoven and metal. Surface Vision focuses<br />

primarily on surface inspection technology mainly <strong>for</strong> web materials like<br />

flat glass, solar glass and display glass, foil, plastics, print, metal, paper<br />

and others. These materials are checked <strong>for</strong> defects during the production<br />

process.<br />

Surface Vision – optical in-line print inspection and documentation<br />

Source: company data<br />

• Industrial Automation Division (18% of 2009/10 sales): Robot vision<br />

systems (2D or 3D) mainly supplied to the automotive, engineering,<br />

automation and general industry. For example, these systems enable a<br />

robot to insert a car windshield glass at a tolerance level of less than 1mm<br />

or to mount a wheel without scratching the car body. The Industrial<br />

Automation division focuses on the automotive and general industries.<br />

21 Hauck & Aufhäuser Institutional <strong>Research</strong>

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