ICOS Vision Systems Expects Fiscal 2002 Revenue to Grow 20%

„As a result, the company expects revenue for fiscal 2002 to be approximately 20% higher than fiscal 2001.\r\n
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\r\nThe company will report final audited results for the fourth quarter and fiscal year 2002 on February 21.\r\n
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\r\n\“After a period of weaker order entry during the summer, we have seen a definite upswing in order flow since the beginning of the fourth quarter, that has accelerated since the beginning of 2003. As a result, we expect to report fourth quarter results at the high end of our expectations, and our revenues for the year 2002 to be approximately 20% above those of 2001. This is in contrast with the semiconductor equipment market which is decreasing 25 to 30%. The improved market conditions for our products, combined with our growing market share, places us in a strong position for continued growth in 2003.\“\r\n
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\r\nICOS is a leading worldwide developer and supplier of machine vision and inspection solutions primarily for use in the final assembly semiconductor manufacturing and electronic assembly industries. The Company’s two- and three-dimensional inspection products are used worldwide to inspect integrated circuits at various stages of their manufacturing process and to align electronic components and printed circuit boards. The Company has three product lines: board-level products to be integrated in die-bonding equipment and in pick-and-place machines, system-level products for integration in test handlers, molding equipment, trim-and-form equipment, marking systems, tape-and-reel equipment and other applications and stand-alone inspection machines. ICOS‘ headquarters are located in Heverlee, Belgium and it has R&D centers in Belgium, Germany and Hong Kong and sales and support offices in Japan, the USA, Singapore and Hong Kong.\r\n
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\r\n\“Safe Harbor\“ Statement under the Private Securities Litigation Reform Act of 1995:\r\n
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\r\nCertain matters discussed in this press release are forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, without limitation, the expected continuation in the strength of the market, risks relating to intellectual property, risks relating to technological change, the introduction of new products by the Company’s competitors, and the inherent uncertainty of law suits alleging patent infringement that have been filed against the Company, as well as risks relating to the Company’s dependence on the cyclical semiconductor and electronic assembly industries, risks relating to the conduct of the business world-wide and other risks referred to in our most recent annual report on form 20-F and other filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any such statement is based. Further discussion of risk factors is also available in the Company’s SEC filings.\r\n
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\r\nICOS Vision Systems Corporation NV can be found on the World Wide Web at www.ICOS.be\r\n
\r\nContact:\r\n
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\r\n ICOS Vision Systems Corporation NV, Heverlee\r\n
\r\n Investor Relations:\r\n
\r\n 32 16 398 220\r\n
\r\n Investor.relations@icos.be\r\n
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\r\n Lippert/Heilshorn & Associates, Inc., New York\r\n
\r\n Jody Burfening, 212/838-3777 ext. 6608\r\n
\r\n jburfening@lhai.com\r\n
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\r\nSource: ICOS Vision Systems Corporation NV“;0;67;3;“admin“;““;0;““;0;0;0;0;0