ISRA VISION Parsytec AG
Parsytec AG: Successful Introduction of Parsytec Surface Inspection on Indian Market
Corporate News transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Successful Introduction of Parsytec Surface Inspection on Indian Market
Partnership with MACO Corp. shows first results
Ispat Industries in India orders Hot Mill Inspection System
Aachen/Germany – 21 November 2006. Parsytec AG – the world’s leading
supplier of surface inspection systems for strip products – won its first
order in the Indian metals market: the Indian steel manufacturer Ispat
Industries orders for its hot strip mill an espresso SI surface inspection
system and a parsytec 5i coil release application.
Ispat Industries Ltd., one of India’s leading metal manufacturers founded
by Mohan L. Mittal, is well known as the largest private sector producer of
hot rolled coils. Ispat now equips its state-of-the-art hot strip mill for
carbon steel in Dolvi, Maharashtra, with Parsytec’s latest surface
inspection solution espresso SI. At Dolvi, more than 3 million t/a hot
rolled coils are produced. In order to guarantee outstanding quality for
e.g. the fast growing Indian automotive market, Ispat decided to install
espresso SI for advanced surface inspection and reliable classification
results.
In addition, Ispat Industries will exploit the inspection data with the
surface quality yield platform parsytec 5i. Besides the option to build
applications in order to support operator actions such as coil grading or
coil release decisions, Ispat also integrates WWW Publishing Extensions.
This web add-on grants access to coil or quality reports with a standard
internet browser.
Key factors for Ispat’s decision are:
1. The partnership with MACO Corp. provides outstanding support and
service.
2. espresso SI offers the most compact hardware, requires least
maintenance effort and hence has the lowest Total Cost of Ownership in
the inspection market. Ispat Industries favoured also Parsytec’s
enhanced detection and classification software and Parsytec’s
outstanding position with 10 years experience and 60 installations in
this field.
3. parsytec 5i is valued as a crucial component in order to turn
inspection data into consistent quality information.
Parsytec AG is the world’s largest vendor of surface inspection systems:
today, all of the top 10 steel producers and 15 of the top 20 paper
producers apply Parsytec products. With more than 400 installations
worldwide, espresso by Parsytec is the most advanced surface inspection
system providing Parsytec customers 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.
(c)DGAP 21.11.2006
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Language: English
Issuer: Parsytec AG
Auf der Hüls 183
52086 Aachen Deutschland
Phone: +49 (0)2419696-200
Fax: +49 (0)241 9696-500
E-mail: ir@parsytec.de
WWW: www.parsytec.de
ISIN: DE000A0JQ4J9
WKN: A0JQ4J
Indices:
Listed: Geregelter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin-Bremen, Stuttgart, München, Hamburg, Düsseldorf
End of News DGAP News-Service
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