ICOS Vision Systems Wins Key Contract for Component Inspector

Business Wire, May 29, 2002

Business/Technology Editors

HEVERLEE, Belgium--(BUSINESS WIRE)--May 29, 2002

ICOS Vision Systems Corporation N.V.

Company to Provide CI-8250 High-Speed Component Inspectors

for Leading Integrated Device Manufacturer

ICOS Vision Systems Corporation N.V. (Nasdaq and Nasdaq Europe: IVIS), a world leader in vision solutions, today announced that it has been selected to deliver its CI-8250 high-speed component inspector to a leading, world-wide integrated device manufacturer.

The customer will utilize ICOS' three-dimensional measuring systems to inspect its newest, most advanced BGA packages.

Anton DeProft, president and chief executive officer of ICOS, said, "This selection came after an in-depth evaluation among competitive offerings. The CI-8250 was selected for its superior 3D measurement capabilities, even under the most severe conditions. In addition, the system was praised for its cost of ownership and for its flexibility in measuring different types of components. Having established a relationship with this new customer, we expect to see revenue beginning in the third quarter of 2002. With this win, we are advancing our strategy of broadening our presence in the semiconductor back-end market and strengthening ICOS' position as the clear leader in the tray-to-tray and tray-to-tape inspection segment."

ICOS is a leading world-wide developer and supplier of machine vision and inspection solutions primarily for use in the back-end semiconductor manufacturing and electronic assembly industries. The Company's two- and three-dimensional inspection products are used world-wide to inspect integrated circuits at various stages of their manufacturing process and to align electronic components and printed circuit boards. The Company has three product lines: board-level products to be integrated in die bonding equipment and in pick-and-place machines, system-level products to be integrated in test handlers, molding equipment, trim-and-form equipment, marking systems and tape-and-reel equipment and stand-alone inspection machines. ICOS' headquarters are located in Heverlee, Belgium and it has sales and support offices in Japan, in the USA, Singapore, Hong Kong, Korea and Taiwan. The German subsidiary is, besides having its sales and support function, also active as an R&D center.

Certain matters discussed in this press release are forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, without limitation, risks relating to intellectual property, risks relating to technological change, the introduction of new products by the Company's competitors, and the inherent uncertainty of law suits alleging patent infringement that have been filed against the Company, as well as risks relating to the Company's dependence on the cyclical semiconductor and electronic assembly industries, risks relating to the conduct of the business world-wide and other risks referred to in our most recent annual report on form 20-F and other filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which any such statement is based. Further discussion of risk factors is also available in the Company's SEC filings.

ICOS Vision Systems Corporation N.V. can be found on the World Wide Web at www.ICOS.be