-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, U6dIQAiD0jmk2/Mq7Fbq0OoDPbFjVk1zeyp6TBdBNZMTeixiUvbC1fPNdgOuMU03 YeIdHmJK4xF+aRWlosG/6Q== 0000912057-02-017833.txt : 20020501 0000912057-02-017833.hdr.sgml : 20020501 ACCESSION NUMBER: 0000912057-02-017833 CONFORMED SUBMISSION TYPE: 424B3 PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20020501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PPT VISION INC CENTRAL INDEX KEY: 0000704460 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL [3823] IRS NUMBER: 411413345 STATE OF INCORPORATION: MN FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 424B3 SEC ACT: 1933 Act SEC FILE NUMBER: 333-84148 FILM NUMBER: 02629429 BUSINESS ADDRESS: STREET 1: 12988 VALLEY VIEW ROAD CITY: EDEN PRAIRIE STATE: MN ZIP: 55344 BUSINESS PHONE: 6129425747 MAIL ADDRESS: STREET 1: 10321 W 70TH ST CITY: EDEN PRAIRIE STATE: MN ZIP: 55344 FORMER COMPANY: FORMER CONFORMED NAME: PATTERN PROCESSING CORP DATE OF NAME CHANGE: 19840318 FORMER COMPANY: FORMER CONFORMED NAME: PATTERN PROCESSING TECHNOLOGIES INC DATE OF NAME CHANGE: 19920703 424B3 1 a2078607z424b3.htm 424B3
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Filed pursuant to Rule 424B3
Registration No. 333-84148

PPT VISION LOGO
PPT VISION
  PPT VISION, INC.

12988 VALLEY VIEW ROAD

EDEN PRAIRIE, MN 55344 USA

TELEPHONE 952 996 9500

FACSIMILE 952 996 9501
  For more information contact

Joseph C. Christenson

President

e-mail:
ir@pptvision.com

www.pptvision.com

N  E  W  S    R  E  L  E  A  S  E


PPT VISION Extends Deadline of Rights Offering to May 10, 2002

        MINNEAPOLIS, April 30, 2002/PR Newswire/ — PPT VISION, Inc. (Nasdaq: PPTV) announced today that it is extending the deadline for participation in its shareholder rights offering from May 3, 2002 until 5:00 p.m. (CDT) on May 10, 2002. Earlier today the Company announced a new product development and OEM supplier agreement with Electroglas, Inc. (Nasdaq: EGLS). The Company believes that this extension will provide shareholders the opportunity to evaluate this information in an orderly manner prior to finalizing an investment decision.

        As separately reported in a joint press release with Electroglas, the product development and OEM supplier agreement calls for PPT VISION to design and manufacture a custom SpeedScan 3D™ sensor for integration and commercial deployment in Electroglas' QuickSilver 2D and 3D wafer inspection systems. Electroglas delivers essential tools for process management to enhance the profitability of semiconductor manufacturers. Electroglas has been a leading supplier of wafer probers for over 40 years and has an installed base of more than 15,000 systems. Reference should be made to that release for further information.

        PPT VISION's shareholder rights offering allows shareholders of record as of March 22, 2002 to purchase a Unit consisting of one share of common stock and a warrant to purchase one-half share of common stock. The offering price of the Unit is one dollar.

        PPT VISION, Inc. designs, manufactures, markets, and integrates 2D and 3D machine vision-based automated inspection systems for manufacturing applications. Machine vision-based inspection systems enable manufacturers to realize significant economic paybacks by increasing the quality of manufactured parts and improving the productivity of manufacturing processes. The Company's 2D machine vision product line is sold on a global basis to end-users, system integrators, and original equipment manufacturers (OEM's) primarily in the electronic and semiconductor component, automotive, medical device, and packaged goods industries. The Company's SpeedScan 3D™ sensor, incorporating the Company's patented high-speed Scanning Moiré Interferometry™ technology is sold to original equipment manufacturers for specific applications. The Company's PPT861™ 3D scanning system, which uses the Company's SpeedScan 3D sensor, is an application-specific inspection solution targeted at inspection of leaded and bumped components in the semiconductor back-end manufacturing process, inspection of surface-mount electronic connectors, and inspection of components used in hard disk drives. The Company's Common Stock trades on the Nasdaq National Market tier of The Nasdaq Stock Market under the symbol PPTV. For more information, please see the PPT VISION, Inc. web site at www.pptvision.com.


Forward Looking Statements

        The discussion above contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements by their nature involve substantial risks and uncertainties as described by PPT VISION's periodic filings. Actual results may differ materially depending on a variety of factors, including, but not limited to the following: changes in worldwide general economic conditions, cyclicality of capital spending by customers, PPT VISION's ability to keep pace with technological developments and evolving industry standards, worldwide competition, PPT VISION's ability to successfully develop custom sensors for its OEM customers, and PPT VISION's ability to protect its existing intellectual property from challenges from third parties and other factors. Additional information with respect to the risks and uncertainties faced by PPT VISION may be found in the section "Business" under the caption "Important Factors Regarding Forward-Looking Statements" contained in its filing with the Securities and Exchange Commission on Form 10-K for the year ended October 31, 2001 and other reports filed with the Securities and Exchange Commission.

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PPT VISION Extends Deadline of Rights Offering to May 10, 2002
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