Precise Automation and Innovation Matrix Sign Distribution Agreement


Los Altos, California - April 24, 2006 - Precise Automation, a leading innovator in low-cost, high performance automation, and Innovation Matrix, Inc., an innovative distributor of factory automation components and systems, have announced the successful implementation and execution of their distribution agreement signed in July 2005. This agreement allows Innovation Matrix to sell and support Precise's products in Asian markets through their branch offices and alliance partners in Taiwan, China, Korea and Japan. These products include PrecisePlace robots, Guidance motion controllers and PreciseVision software.

"With Precise Automation's compact and high-performance controller and Innovation Matrix's concentrated Asian marketing and service focus, we believe we have a strong partnership for efficiently serving the motion controller market in Asia," said Eimei Onaga, President of Innovation Matrix. "We believe that Precise Automation's innovative controller architecture gives us the optimal solution to provide our customers with the means to produce competitive equipment."

Brian Carlisle, President of Precise Automation, stated, "We are delighted to have Innovation Matrix representing us in Asia. Mr. Onaga has over 30 years experience in robotics business and engineering. He has extensive experience in selling robots in Asia and speaks fluent Japanese. Mr. Chi Sha, Vice President of Engineering, has over 25 years experience in robotics and speaks fluent Chinese. This is an excellent team to have develop our distribution channels and OEM accounts in Asia."

ABOUT PRECISE AUTOMATION

Precise Automation is a leading innovator in low-cost, high performance, table-top vision-guided robots and robotic motion controllers. The versatile robots feature ultra-smooth, precise motion and are available as standalone units, with standard, application specific accessories or as fully tooled turnkey solutions from partner organizations. The motion controllers integrate motor drives, vision capability and powerful, user-friendly software in a small foot print design that can control small robots as well as room size gantries. Precise Automation's flexible products serve a wide variety of industries including: electronics, semiconductor, life science, medical products and mass storage.

ABOUT INNOVATION MATRIX

Innovation Matrix is an innovative supplier of Machine Vision and Motion software, hardware and services headquartered in Los Altos, California, USA, with branch offices and alliance partners in Taiwan, China, Korea and Japan. Innovation Matrix specializes in automation applications with machine vision, motion control and robotics. The company also provides consulting, and systems integration services.

CONTACT

Stella Kulkarni, (408) 224-2838

Precise Automation

sales@preciseautomation.com

www.preciseautomation.com

Eimei Onaga, (408) 329-4422

Innovation Matrix, Inc.

info@innovation-matrix.com

www.innovation-matrix.com/

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