• 02.08.2007, 18:23:34
  • /
  • OTE0010

Change in Supervisory Board following takeover by ISRA

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ots.CorporateNews transmitted by euro adhoc. The issuer is responsible for
the content of this announcement.
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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.

Further inquiry note:
Parsytec AG
Investor Relations
Tel ++49(241)9696-200
Fax ++49(241)9696-500
e-Mail: [email protected]
Internet: www.parsytec.de

end of announcement euro adhoc 02.08.2007 18:23:25
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emitter: Parsytec AG
Auf der Hüls 183
D-52068 Aachen
phone: +49 (0)241 9696-200
FAX: +49 (0)241 167-664
mail: [email protected]
WWW: http://www.parsytec.de
sector: Software
ISIN: DE000A0JQ4J9
indexes: Prime All Share, Technologie All Share, CDAX
stockmarkets: regulated dealing/prime standard: Börse Frankfurt, free trade:
Börse Berlin, Börse Hamburg, Börse Stuttgart, Börse Düsseldorf,
Börse München
language: English

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS - WWW.OTS.AT | CNE

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