The board of directors of Innovativ Vision AB hereby announce that Uno Andersson (56) is appointed CEO starting directly after the summer vacation period 2008. The definite timing will be announced in due time.

Uno has long, successful and deep experience from the relevant industries. As Uno as well has a broad general manager experience, which includes international responsibilities with his operational base outside Sweden, is the board convinced that IVAB in Uno Andersson got the  CEO who could bring the company further in its planned long term international growth perspective.

Linköping June 26, 2008

Jan Andersson

The Chairman of the board of Innovativ Vision    

With a stable growth in the market during the past ten years and a constant increase of new customers WoodEye is now facing a need of our local presence.

The company will therefore local helpdesk support managed by Mr Peter Redmond, subcontracted by WoodEye. Customers in New Zeeland will be offered service and spare parts handling. Mr Redmond, who has a longstanding experience working with service and support within this field, will be based in Rotorua (NZ).

WoodEye is the undisputed market leader in New Zeeland and Australia with 13 systems installed and is now taking the next step in starting market leading expert support for our customers.

Latest WoodEye Cross Cut orders are signed by N.F. McDonell & Sons in Mount Gambier and Baywood Products Pty in Maryborough.

N.F. McDonnell and Sons, a family owned business, are currently upgrading and expanding their Finger Jointing Operation.

Looking into the future of our business we realized that for our “new line” to perform to its maximum potential, we were going to need to invest in a scanner, says Mrs Anna Green, Quality Control Manager at N.F. McDonnell.

We are confident with WoodEye at the beginning of our line, our recovery and productivity will rise considerably and the quality of the timber will be far more consistent, continues Mrs Green.

The fact that the WoodEye Scanner inspects and optimises cutting at full production speed and the ability to program in specific requirements makes the production more flexible and open for different business options. The result is maximum yield, minimum waste and consistent quality.

We were also impressed with the “look” of the WoodEye. The fact that it’s compact with all components within the one piece of equipment, meant that we were left with the optimum amount of space for other machinery etc. expresses Mrs Anna Green.

Baywood Products Pty primarily focus on process low grade Slash pine which they dock into shook for finger joints studs. Also Hoop pine clear shook for finger joints mouldings is in production.

In the Baywood production the WoodEye scanner colour cameras is used for detecting rot and blue stains but also for picking up stress-grade markings on the timber for further dock into finger joints productions.

In order to increase production and improve recovery it was necessary to invest in a WoodEye scanner according to Mr Nigel Pedersen, Manager at Baywood.  The fact that WoodEye have a very good reputation in Australia made the choice of scanner even easier, continues Mr Petersen.

WoodEye Celebrates 20 Years and Presents Three Product News at Ligna

In 2007 WoodEye celebrates 20 years of success. As the world’s leading seller of wood scanners and scanner innovations, the company plans to unveil three product news at Ligna: a high-speed planer scanner, an expanded hardwood vision platform, and a user interface that is easier than ever to use.

New solution for high-speed planer mills

“We have noticed an increase in demand for dimension-planed and surface-finished products,” says Leif Erlandsson, President of WoodEye. “At Ligna we are proud to be the first supplier in the world to present a new scanner solution for dimensional planing that can match the speeds of today’s extremely fast planers.”

The WoodEye Sorter will be able to scan up to 2700 ft per minute, matching the speed of even the fastest planers. What is unique about the WoodEye sorter for high-speed planer mills that is being demonstrated at Ligna, is that it not only specializes in dimensional measurement, wane sawing measurement and incorporates a hit-and-miss plane function (measuring unplaned areas), but it also detects defects such as knots and resin pockets.

WoodEye widens the field of vision for hardwood

“Following our successes with the inspection of parquet production, we have now achieved a new breakthrough and are able to widen the applications for hardwood. The new application makes it even easier than before to inspect hardwood,” says Leif Erlandsson.

It is now possible to sort and optimize hardwood with regard to nuances and aesthetic qualities such as edge-glued panels, furniture components, solid flooring and parquet – without any additional equipment. This means that WoodEye can now deliver the same high inspection capacity for both hardwood and softwood.

New, more user-friendly interface

“WoodEye scanners have always been easy to use, but over the past 20 years we have worked hard to make the interface as user-friendly as possible,” says Leif Erlandsson.

“I am very proud, therefore, to be able to present a new graphical user-interface at Ligna. This makes operating a WoodEye scanner even easier than before. The user-friendly interface has always been one of our strengths, but it has never been as good or as easy to use as it is now,” Leif Erlandsson concludes.

About Innovativ Vision

Thanks to WoodEye, Innovativ Vision is the world’s leading supplier of scanning systems for quality control in the wood industry. Clients include companies producing construction timber, glulam beams, parquet and flooring, moldings, edge-glued wood and windows, as well the furniture industry and sawmills. 90 percent of the company’s production goes to export. With more than 20 years’ experience in Europe, North and South America, Japan and Oceania, Innovativ Vision has around 50 percent of the world market.

Innovativ Vision was formed in 1983 and was one of the first spin-off ventures from Mjärdevi Science Park in Linköping, Sweden. The company currently has around 30 employees, and business is expanding rapidly. The head office is located in Linköping, but since 2004 there have also been subsidiaries in Germany and the USA.

Priveq Investment Fund III and Eqvitec Technology Fund III have agreed to invest in the world leading wood scanning corporation Innovativ Vision. Priveq and Eqvitec funds thereby become majority owners of Innovativ Vision.

“Innovativ Vision is a world leading company in a market that is growing rapidly. We have great expectations regarding the company’s future growth and profitability”, says Louise Nilsson, Investment Manager at Priveq Investment and future board member of Innovativ Vision.

Innovativ Vision develops and markets the WoodEye system, a scanner system for quality control in the wood working industry. Through scanning of the wood, at full production speed, the WoodEye system detects and analyses knots, knot holes, discolorations and most other defects in the wood. The WoodEye software analyses the results and calculates the optimal use of each piece of wood according to the predefined quality requested by the customer. By using WoodEye the production costs can be decreased and the quality and volume produced can be increased.

Strong growth potential
The current main owner of Innovativ Vision, Syntrans AB, will remain as a minority shareholder in the company, together with the CEO of the company, Leif Erlandsson. The capital provided by Priveq and Eqvitec funds strengthens the long term ownership of the company, and ensures that Innovativ Vision will be able to fully exploit the extensive growth potential of the market.

“2006 has been a very good year for Innovativ Vision. The company has strengthened its market position and with the new partners we will be able to position ourselves for further growth. We will strengthen and expand our organisation and continue to focus on further product development in order to secure our role as global market leader. With the combined industrial, technical, and financial knowledge of the new partners I’m confident that Innovativ Vision is well equipped to face the challenges ahead”, says Leif Erlandsson, CEO of Innovativ Vision, who together with the highly skilled professionals of the organisation has developed the company to a global market leader.

”We are very pleased with having Priveq and Eqvitec funds as investors in Innovativ Vision. When entering the next step in Innovativ Vision’s development, partners providing financial strength and previous experience from industrial expansion cases are essential for the future success of the company”, says Peter Viberg, CEO of Syntrans AB

90% of revenue from export
Innovativ Vision has an annual turnover of approx. 100 MSEK and an operating profit of approx. 22 MSEK. The WoodEye system has been installed in 24 countries and about 90 per cent of the turnover is generated outside Sweden. The company’s main customer groups include saw and planer mills and manufacturers of secondary processed wood products such as windows, doors, furniture, parquet, floors and wood components. Swedwood, a subsidiary of IKEA, and Stora Enso are two of the company’s well known customers.

“Innovativ Vision is an exceptional example of a company, which through its high technical machine vision competence and a focused way of utilizing it in woodworking industry, has created a solid product and customer base. The company will in the future further strengthen its local presence to global customers. This is a typical situation where a company can benefit from new investors’ experiences and support for growth”, says a future board member of Innovativ Vision, Jarkko Penttilä, Investment Director at Eqvitec Partners, the investment advisor of Eqvitec Technology Fund III.

More information:

We are happy to congratulate Mike Rose as the winner of the IWF contest for WoodEye dealers, arranged by WoodEye North America Inc. There were about one hundred entries.

During IWF 2006 all WoodEye dealers and partners entered the contest by introducing the WoodEye scanners to potential clients.

The price is a fully paid trip for two to go to the Swedish Capital Stockholm, for 4 days to explore and also visit the new headquarters of Innovativ Visions in Linköping.

Because it enables inspection and optimization at full production speed, the WoodEye scanner system is playing a key role in more and more production systems for automated wood processing. WoodEye Rip is the latest variant of the system, and can optimize the ripping of lumber measuring up to 25” x 4”. The new WoodEye BCS (Board Control System) expansion system delivers more reliable and efficient production flows.

The modern production of processed wood products will be at the heart of IWF 2006 in Atlanta, Georgia. WoodEye North America will be there, exhibiting the fourth generation of WoodEye, which can inspect up to four hardwood or softwood surfaces simultaneously at full production speed. Visitors at a total of four exhibition booths will be able to take a closer look at how WoodEye works with software for various areas of application and helps to increase productivity and profitability.

WoodEye RIP –a new dimension in production optimization
Inspecting and optimizing wood that is to be ripped is a nearly impossible task. Often it comes down to making smart guesses and hoping for a decent result. Our new WoodEye Rip opens up entirely new possibilities in this area. The system optimizes the ripping process based on a wide range of product and quality criteria, at full production speed, and is fully objective and constant over time.

More reliable product flows with WoodEye BCS
– Board Control System
Yet another innovation this year is our WoodEye Board Control System expansion system for ID marking or cross-cut marking each board
immediately after inspection. The system maintains complete control over the production flow between WoodEye and other stations for cross-cutting, sorting and intermediate storage, regardless of whether they are located within a single mill, in different production areas or at different sites. WoodEye BCS comes in three versions for different production situations: Board ID, Buffer Control and Cross Cut Marking. WoodEye BCS makes it possible to grow your business cost-effectively by investing in inspecting equipment and keeping your existing cross-cut saws.

Expanded presence in North America
To back up WoodEye with customer service and support, we have had our own North American office since 2001. We opened WoodEye North America Inc. in February 2004 so that we could handle our own sales and distribution. The next step in establishing WoodEye was taken in March 2006, when we opened our new Training and Demonstration Center in Norcross, Georgia.

The advantages of WoodEye are now available for material up to 650 mm in width. At Ligna we can show you how this could be used when working with edge glued panels, flooring and rip optimizing.
The first application is WoodEye for rip optimizing. WoodEye Rip introduces a new dimension in rip scanning. In addition to traditional black and white detection, WoodEye Rip adds tracheid fiber measurement and high definition colour scanning to the sensoring methods used. This means that sound knots, small cracks and also colour detects such as stain etc can be used in the grading.

In our booth at Ligna you can experience the WoodEye system. It’s fast, flexible and simple to use with a measuring resolution up to six times higher than any previous version. The system can be equipped with colour measurement, hit & miss detection, roughness detection, true thickness, bow and crook measurement, and much more.

Welcome to Hall 12 Booth D36!

WoodEye is an image-processing system for quality control within the wood industry. By means of scanning, WoodEye quickly and precisely localises and analyses knots, colour nuances and other defects in the wood, thus rationalising and eliminating manual inspection and sorting, and facilitating optimisation of the yield for different purposes. The advantage of the system is that the companies can manipulate & supply the quality ordered by the customer at a substantially reduced production cost in the form of increased volume and improved utilization of raw materials
.
Innovativ Visionis the world´s leading supplier of systems for quality control in the wood industry. The company develops and markets the WoodEye family of products, with various applications including optimisation of cross-cutting, quality sorting and parquet
flooring production. The customers are to be found in the field of the manufacture of parquet flooring, glulam beams, mouldings, windows, the furniture industry and sawmills. The company´s export share is 90 percent. With a total of more than 200 systems installed in Europe, North and South America, Asia, and Oceania, Innovativ Vision has 50 percent of the world market.

WoodEye receives the red dot design award in the group international product design.

The award committee especially rewarded the system’s:
”Simplicity, flexibility and ergonomics are the main objectives of the design concept. The WoodEye design simplifies configuration, operation, cleaning and maintenance. The lightweight casings are easy to detach, providing good access for service or readjustment”.
“We are very proud to receive this award since our goal when developing WoodEye is to make an advanced aesthetically attractive yet user friendly product” says Leif Erlandsson, Managing Director of Innovativ Vision.

The award ceremony will take place on 4 July 2005 in Essen´s Aalto-Theater in Germany, where Innovativ Vision will receive the winner certificate.

The red dot award product design is a competition that has been in existence for 50 years and that has gained in significance and relevance every year since it has been held for the first time in 1955.

WoodEye is an image-processing system for quality control within the wood industry. By means of scanning, WoodEye quickly and precisely localises and analyses knots, colour nuances and other defects in the wood, thus rationalising and eliminating manual inspection and sorting, and facilitating optimisation of the yield for different purposes. The advantage of the system is that the companies can manipulate & supply the quality ordered by the customer at a substantially reduced production cost in the form of increased volume and improved utilization of raw materials

Innovativ Vision is the world´s leading supplier of systems for quality control in the wood industry. The company develops and markets the WoodEye family of products, with various applications including optimisation of cross-cutting, quality sorting and parquet
flooring production. The customers are to be found in the field of the manufacture of parquet flooring, glulam beams, mouldings, windows, the furniture industry and sawmills. The company´s export share is 90 percent. With a total of more than 200 systems installed in Europe, North and South America, Asia, and Oceania, Innovativ Vision has 50 percent of the world market.

On the exhibition you will experience the fourth generation of WoodEye with its new design – even faster, even more flexible and even simpler to use. With a measuring resolution six times higher than any previous version.

New Color camera, new measuring tools, hit & miss detection, roughness detection, true thickness, bow and crook measurement, internal defect recognition and much more will be shown.

Welcome to Booth 6252, Hall B2.

WoodEye is an image-processing system for quality control within the wood industry. By means of scanning, WoodEye quickly and precisely localises and analyses knots, color nuances and other defects in the wood, thus rationalising and eliminating manual inspection and sorting, and facilitating optimisation of the yield for different purposes. The advantage of the system is that the companies can manipulate & supply the quality ordered by the customer at a substantially reduced production cost in the form of increased volume and improved utilization of raw materials

Innovativ Visionis the world´s leading supplier of systems for quality control in the wood industry. The company develops and markets the WoodEye family of products, with various applications including optimisation of cross-cutting, quality sorting and parquet flooring production. The customers are to be found in the field of the manufacture of parquet flooring, glulam beams, mouldings, windows, the furniture industry and sawmills. The company´s export share is 90 percent. With a total of more than 200 systems installed in Europe, North and South America, Asia, and Oceania, Innovativ Vision has 50 percent of the world market.

New for this year is also the unique colour measuring method based on "inhouse" developed sensor technology. This will be shown in WoodEye Parquet. Innovativ Vision will also show WoodEye Cross Cut equiped with Shape, for deformation measuring. The visitors will also have the opportunity to see custumer-specific software as Furniture and Moulder, and the program for Service & Support, Helpdesk Live through modem connection.

It has been an exciting year for Innovativ Vision, the company behind the woodworking scanner, WoodEye. The last years has meant a breakthrough for WoodEye in sawmills. Innovativ Vision has during the spring delivered presumably the world´s first installation for length feed scanning in trimmer mill environment, to Hedins in Krylbo, Sweden. With this installation Hedins can attain an automatic custumer-specific sorting in an early stage in the production process. Besides that, Innovativ Vision has delivered a number of WoodEye scanners to sawmills, for automatic quality sorting in planing mills and for component manufacturing.

Among new sawmill custumers are many small/mediumsized sawmills, but also large companies. Stora Enso Timber has invested in not less than five WoodEye scanners. This has stipulated the knowledge that WoodEye at this time, is an useful tool for all sawmills that would like to invest in further refinement or production to customer orders.

WoodEye is an image-processing system for quality control within the wood industry. By means of scanning, WoodEye quickly and precisely localises and analyses knots, colour nuances and other defects in the wood, thus rationalising ocular inspection and sorting, and facilitating optimisation of the yield for different purposes. The advantage of the system is that the companies can supply the quality ordered by the customer at a reduced production cost in the form of increased volume and improved yield.

Innovativ Vision is the world´s leading supplier of systems for quality control in the wood industry. The company develops and markets the WoodEye family of products, with various applications including optimisation of cross-cutting, quality sorting and parquet flooring production. The customers are to be found in the field of the manufacture of parquet flooring, glulam beams, mouldings, windows, the furniture industry and sawmills. The company´s export share is 90 percent. With a total of more than 200 systems installed in Scandinavia, Central Europe, North and South America, Asia, the baltic States and Oceania, Innovativ Vision has 50 percent of the world market. The company was formed in 1983 and was one of the first hived-off companies at Mjärdevi Science Park. The number of employees is 22.

Innovativ Vision, the world´s leading supplier of systems for quality control in the wood industry, is launching two new applications and an optional extra for the company´s WoodEye system at the Ligna Plus trade fair in Hanover 21-25 May 2001.

WoodEye is a complex and flexible system for scanning, measuring and inspecting timber. The system quickly and precisely locates and analyses knots, shades of colour and other defects in the wood, thus rationalising inspection and sorting and providing the opportunity for optimisation of the yield for various purposes. There are currently a total of four applications for the system.

One of the new applications which has been developed is WoodEye Furniture, for manufacturers of furniture or furniture components, which ensures that the component is suitable for the end product, e.g. an armrest or a chair leg. The system calculates which side is to be used, whereabouts on the board the cross-cutting is to take place, and in which direction it should be in order to provide as many components as possible. This avoids excessive wastage and recutting, and what is more the number of complaints can be reduced.

For planing mills and planing lines Innovativ Vision has developed the application WoodEye Moulder. The application copes with the stringent requirements with regard to speed and profile measurement. WoodEye Moulder has built-in technology which compensates for accelerating planks and stoppages in the line. Knots, cracks, resin pockets, blue stains, wanes and dimensional errors are detected at an inspection speed of 400 m/min.

Innovativ Vision´s new optional extra, WoodEye Shape, measures deformations in boards during longitudinal transportation. Properties identified are bow, spring, twist and cup. The application is capable of making correct measurements when the boards are moving at high speed, when they are moving laterally, and when they are rocking or twisting. The inspection speed is 300 m/min (5m/s). WoodEye Shape is targeted at planing mills, sawmills and manufacturers of glulam beams, windows, furniture, glued joints and planed panels.

"It´s exciting to be exhibiting two new applications for WoodEye. It is a new step for Innovativ Vision to be productifying WoodEye directly for certain areas of use - in this case furniture manufacture and planing. This will make it even easier for our customers to automate their production," says Leif Erlandsson, managing director of Innovativ Vision.

About WoodEye
WoodEye is an image-processing system for quality control within the wood industry. By means of scanning, WoodEye quickly and precisely localises and analyses knots, colour nuances and other defects in the wood, thus rationalising ocular inspection and sorting, and facilitating optimisation of the yield for different purposes. The advantage of the system is that the companies can supply the quality ordered by the customer at a reduced production cost in the form of increased volume and improved yield.

About Innovativ Vision AB
Innovativ Vision is the world´s leading supplier of systems for quality control in the wood industry. The company develops and markets the WoodEye family of products, with various applications including optimisation of cross-cutting, quality sorting and parquet flooring production. The customers are to be found in the field of the manufacture of parquet flooring, glulam beams, mouldings, windows, the furniture industry and sawmills.

The company´s export share is 95 percent. With a total of 180 systems installed in Scandinavia, Central Europe, North and South America, Japan and New Zealand, Innovativ Vision has 50 percent of the world market. The company was formed in 1983 and was one of the first hived-off companies at Mjärdevi Science Park. The number of employees is 26. Innovativ Vision estimates a turnover of SEK 50 million during the current financial year, 2000-2001.