RVSI announces completion of Acuity Imaging merger

Business Wire, Sept 21, 1995

HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Sept. 21, 1995--RVSI (Robotic Vision Systems Inc. (Nasdaq National Market System - ROBV)), announced today the completion of its acquisition by merger of Acuity Imaging Inc. (formerly Nasdaq - ACUT).

Pursuant to the Agreement and Plan of Merger, dated as of April 27, 1995, as amended and restated as of July 11, 1995, each Acuity stockholder will receive a 0.581138 share of RVSI common stock for each share of Acuity common stock. RVSI will issue 1,412,837 shares of RVSI common stock to Acuity stockholders based upon 2,431,156 shares of Acuity Common Stock outstanding at the close of business on Sept. 20, 1995. In addition, Acuity's outstanding stock options are to be exchanged for options upon RVSI's Common Stock in the same 0.581138 to one ratio.

RVSI produces automated 3-D vision-based systems for inspection and measurement and is a leader in advanced electro-optical sensor technology. Acuity supplies 2-D machine vision systems to a diversity of markets.

CONTACT: RVSI, Hauppauge

Robert H. Walker, 516/273-9700

or

Core Communications,

Joshua Levine, 516/487-8322