STEMMER IMAGING agrees on cooperation with Nanjing Inovance Industrial Vision Technology and expands into the Chinese market

DGAP-News: STEMMER IMAGING AG / Key word(s): Alliance

13.08.2018 / 15:55
The issuer is solely responsible for the content of this announcement.


STEMMER IMAGING agrees on cooperation with Nanjing Inovance Industrial Vision Technology and expands into the Chinese market

Puchheim, 13 August 2018 - STEMMER IMAGING, one of the leading providers of machine vision technology in Europe, has signed a far-reaching memorandum of understanding with regard to cooperation with the Chinese provider of machine vision technology, Nanjing Inovance Industrial Vision Technology. With this partnership, STEMMER IMAGING is entering one of the most dynamically growing automation markets.

STEMMER IMAGING AG (ISIN DE000A2G9MZ9/GSIN A2G9MZ) is announcing another milestone in line with its international growth strategy. STEMMER IMAGING has agreed on cooperation with Nanjing Inovance Industrial Vision Technology Development Co., Ltd. (Nanjing Inovance) in the form of a memorandum of understanding. Nanjing Inovance is a subsidiary of the publicly traded Shenzhen Inovance Technology Co., Ltd., one of the leading manufacturers of automation components in China.

With a view to automation solutions in general and machine vision systems in particular the Chinese market shows a high demand. The automation know-how, especially in the image processing sector, remains low. Both partners are therefore convinced that the cooperation will generate significant revenues with above-average growth rates in China. In particular, STEMMER IMAGING expects high sales potential for its self-developed machine vision software COMMON VISION BLOX.

"We have been observing the Chinese market for some time and are now delighted to have Nanjing Inovance as a strong partner at our side. Nanjing Inovance's profound market knowledge and extensive network will make it significantly easier for us to enter the market," says Lars Böhrnsen, CFO of STEMMER IMAGING AG.


About STEMMER IMAGING
STEMMER IMAGING is one of Europe's leading machine vision technology providers for science and industry. With a perfect combination of innovative products, expert advice and comprehensive service, STEMMER IMAGING helps clients solve their machine vision tasks securely with speed and ease. Experienced specialists can be contacted easily and are available to provide advice locally in 19 European countries.

Clients of STEMMER IMAGING benefit from the combination of an exceptionally wide variety of products from the world's leading manufacturers (e.g. cameras, lenses, illumination products, machine vision systems, software). Expert know-how gathered over many years help customers define the optimum, most cost-effective combination of components. The company attaches particular importance to the provision of solution-oriented services, including feasibility studies, development services, training and customer-focused support.

Contact:
STEMMER IMAGING AG
Lena Vitzthum
Investor Relations
Gutenbergstr. 9-13
82178 Puchheim, Germany
Tel.: +49 89 80902165
ir@stemmer-imaging.de
www.stemmer-imaging.de



13.08.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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