ICOS receives €10.3M order

Largest order ever received for inspection machinesICOS Vision Systems Corporation NV (Nasdaq and Euronext: IVIS) has received an order worth approximately 10.3 million Euro for a number of its flexible tape inspection (FTI) systems from a world-leading manufacturer of flexible tapes. Deliveries of the systems are expected to be made throughout the remainder of 2004. ICOS' Flexible Tape Inspection (FTI) system inspects Tape Automated Bonding (TAB) tape, Chip On Film (COF) tape and Tape Carrier Packages (TCP) components. TAB and COF tapes provide flexible interconnects and are used extensively in several high growth applications, like flat panel displays and advanced packaging. The company developed the flexible tape inspection system as part of its long-term strategy to penetrate new package processing segments where there are prospects for growth. "This order, the largest ICOS has ever received for inspection machines, illustrates the traction we are gaining for one of our newest product lines, the FTI systems, as semiconductor manufacturers replace human inspectors with automated inspection," said Anton DeProft, president and chief executive officer. "It also underscores the potential we see for FTI to become our second largest contributor to revenue in 2004, growing from only a few hundred thousand Euros in 2003, and clearly establishes our leadership position in this emerging segment."Source: PCBnewsline